Shibarium News: Price Soars

Shiba Inu’s Layer-2 blockchain, Shibarium, is now very close to launch. In the official statement made by the Shiba Inu team, it was announced that Shibarium is almost ready to go live in beta version. In addition, detailed information about Shibarium was also given. However, no date has been given for when the second tier chain will be available.

At Shibarium, Shiba Inu will run on the Ethereum blockchain, which includes ecosystem tokens SHIB, LEASH, and BONE. New chain; scalability will allow for faster transactions and lower fees. In this way, it will be possible to create products that are common, functional and better in terms of user experience in different areas such as metaverse, Web3 and gaming. In the statement, it was noted that the combination of Shibarium’s layer-2 blockchain technology together with Web3 will not need trust, and will open the way for a new metaverse and game ecosystem where players can interact and transact in a decentralized way.

BONE will also have a special place in Shibarium, which is stated to revolutionize the Shiba Inu ecosystem and crypto field. As previously announced, BONE will be used to pay on transactions and reward validators and delegates in Shibarium. On the other hand, a certain amount of SHIB will be burned in all transactions on the network. This combustion mechanism is predicted to have a significant impact on SHIB supply over time. Finally, the decentralized exchange in the ecosystem, ShibaSwap, will be integrated into Shibarium.

After the announcement that the beta version of Shibarium will be released soon, the price of SHIB and BONE also gained momentum. SHIB experienced an increase of close to 10 percent in a short time. As of 02.30, when the news went live, the token was traded at $ 0.00001080, while BONE rose by more than 16 percent.