BONE Price Soars 15% As Shibarium Mainnet Goes Live Again

The Shiba Inu team led by developer Shytoshi Kusama has reopened the Shibarium mainnet after days of reviewing, testing, and tweaking the chain. After Shiba Inu influencers took to X to announce that the Layer-2 blockchain is live again, Shibarium’s gas token Bone ShibaSwap (BONE) skyrocketed more than 15% within hours.

Shibarium Mainnet Is Live Again

CoinGape Media reported that Shibarium is almost ready to reopen to the public today. Shiba Inu official Lucie hinted that Shibarium is producing blocks and working fine and just needs to be made public.

A few moments later, Shibariumscan.io explorer started showing block productions and transactions. Shytoshi Kusama promised to scale Shibarium by 1500% to improve security, stability, and decentralization. Shibarium has a new monitoring system and additional fail-safe mechanism including rate limiting at the RPC level and auto server reset.

#Shibarium’s 𝐌𝐀𝐈𝐍𝐍𝐄𝐓 is live! ✅️ pic.twitter.com/OnrduRZosx

— SHIB HODLER (@ShibaInuHodler) August 24, 2023

Shiba Inu official Lucie revealed that her bridged BONE tokens have arrived and the Shibarium mainnet is public again. In addition, she also asked the community to be patient as the team is indexing the chain.

In addition, the Shiba Inu team will start implementing the ShibPaper to have a fully working system for governance and management. Projects and dApps will build on the Shibarium chain, increasing utility and token burns.

Read More: Shiba Inu Whale Moves 4.6 Trillion SHIB Tokens As Shibarium Restarts

BONE Price Jumps 15%

Shibarium’s gas token BONE price has jumped 15% in the past 24 hours, with the price currently trading at $1.38. The 24-hour low and high are $1.19 and $1.34, respectively. Furthermore, trading volume has increased by 100% in the past 24 hours, indicating interest among traders.

Meanwhile, SHIB price jumped just 1% in the past 24 hours, with the price currently trading at $0.0000083. The 24-hour low and high are $0.00000813 and $0.00000851, respectively.

LEASH price skyrocketed 18% in the 24 hours, with the price currently trading at $494.

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Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.

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