- Shiba Inu introduces WBONE for seamless integration with Shibarium’s decentralized platforms.
- Shibarium reaches one million created wallets with speedy transactions but maintains a TVL of $1 million.
- Shiba Inu commits to expanding its ecosystem by renouncing the Bone contract and sharing the verified WBONE contract.
Shiba Inu has unveiled the Wrapped BONE (WBONE) token, a groundbreaking addition to the expanding Shibarium ecosystem. This development aims to facilitate seamless integration with Shibarium’s decentralized applications (dApps) and smart contracts.
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WBONE is designed to serve as a standardized representation of the BONE token within the Shibarium network. Its compatibility with Shibarium’s core infrastructure ensures that non-native crypto assets can be effortlessly bridged and utilized across various networks and dApps.
As Shibarium has gained momentum since its launch in August, it recently celebrated a remarkable achievement – reaching one million created wallets. The network’s efficient transaction processing capabilities have captivated users, confirming transactions within seconds.
Despite this surge in activity, the total value locked (TVL) on Shibarium, as reported by DeFiLlama, stands at $1 million, indicating that users have yet to capitalize on the network’s potential fully.
Shiba Inu’s commitment to the growth of Shibarium extends beyond the introduction of WBONE. The project has announced plans to renounce the Bone contract, paving the way for new validators to join its network. Details regarding this development are expected to be revealed in the coming week. Meanwhile, Shiba Inu has shared the verified contract for WBONE, emphasizing transparency and security in its ecosystem.
As the Wrapped BONE token gains traction and Shibarium continues to attract a burgeoning user base, Shiba Inu’s expansion strategy appears poised to foster rapid growth and innovation within the blockchain space.
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