Shibarium Hits New Milestones, Wallets Surpass 100,000 As Staked BONE Hits 21M

Aug 27, 2023

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Staked Bone ShibaSwap (BONE) and wallet addresses on Shibarium attain new milestones as the Shiba Inu development team relaunches the network for public use.

The Shiba Inu community has regained momentum, with activities within the project ecosystem hitting new highs.

Similarly, investor interest in SHIB has heightened, as evidenced by the token’s boosted social dominance. These positive developments come shortly after the Shiba development team confirmed that Shibarium is back online and functioning properly.

Following the highly anticipated public relaunch of Shibarium, the network’s explorer showed that wallet addresses connected to the network had exceeded the 100K threshold.

With Shibarium wallets sitting at exactly 101,545 at the time of writing, total transactions on the network have risen to 445,255.

This impressive transaction volume on Shibarium coincides with 348,734 total blocks produced at an average block time of 5 seconds. Shibariumscan further showed that 66,058 transactions were executed on Monday alone.

Moreover, staked Bone Shibaswap (BONE) on the Shiba Inu layer-2 scaling network continues to increase. Currently, 12 validators exist on the L2 blockchain, with exactly 21,017,817 (21 million) BONE now staked on Shibarium.

Recall that the Shiba Inu community staked nearly 20 million BONE tokens on Monday, as reported by The Crypto Basic. The current figure shows that investors have staked an additional one million+ BONE within 24 hours.

However, amid this massive growth, Bone ShibaSwap’s price has dropped over 4.77% in the past 24 hours. Notably, BONE is exchanging hands at $1.28 at press time.

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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