- Shytoshi Kusama-led Shiba Inu team relaunches Shibarium mainnet after rigorous testing.
- BONE token gains 15% as community anticipates enhanced functionality and governance.
- Shibarium’s return sparks optimism among traders, LEASH also sees an 18% price jump.
Shytoshi Kusama-led Shiba Inu team reopens Shibarium mainnet, driving BONE and LEASH prices higher. The highly anticipated moment has arrived. Shiba Inu’s developer, Shytoshi Kusama, officially relaunches the Shibarium mainnet after an extensive period of meticulous review, testing, and fine-tuning.
The resurgence of the Layer-2 blockchain has sent shockwaves through the crypto space. In particular, it is boosting the value of Shibarium’s gas token. Thus, Bone ShibaSwap (BONE), went up by an impressive 15% in just a matter of hours.
Amid a buzz of excitement, Shiba Inu influencers swarmed social media platforms to herald the revival of the Shibarium mainnet. The news was met with a swift surge in BONE’s value, demonstrating investors’ renewed confidence in the project. Reports from Shibariumscan.io revealed the renewed activity of block production and transactions, confirming the successful resurrection of the mainnet.
Shytoshi Kusama’s team had promised to elevate Shibarium’s capabilities by a staggering 1500%, thereby enhancing its security, stability, and decentralization. Key improvements include an innovative monitoring system and additional fail-safe mechanisms, such as rate limiting at the RPC level and automatic server resets.
Shiba Inu’s BONE and LEASH Prices Surge
Shiba Inu’s Lucie confirmed the deployment of bridged BONE tokens onto the Shibarium mainnet, officially reopening its doors to the public. Lucie also urged the community to exercise patience as the team diligently indexes the chain to ensure a seamless user experience.
Empowering Governance and Token Burns With the successful mainnet revival, Shiba Inu is now geared up to integrate the ShibPaper, an essential component for the platform’s governance and management framework.
The reopening of Shibarium also marks a new era of growth, as various projects and decentralized applications (dApps) will now build upon its infrastructure, boosting both token utility and token burns.
BONE Price Rises The market has responded fervently to the Shibarium mainnet relaunch. BONE’s price has surged by an impressive 15% in the last 24 hours, currently trading at $1.38. This meteoric rise has been accompanied by a substantial increase in trading volume, signaling heightened trader interest and engagement.
Meanwhile, SHIB, Shiba Inu’s native token, has experienced a more modest 1% increase over the same period, trading at $0.0000083. In contrast, LEASH, another token associated with the Shiba Inu ecosystem, has witnessed a remarkable 18% price surge, currently valued at $494.
As the crypto community witnesses the triumphant return of the Shibarium mainnet, all eyes are now on the platform’s promising future and the potential transformations it could bring to the world of decentralized finance.
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