With the launch of Shibarium’s public beta this week, Shiba Inu enthusiasts are excited.
The official Shib account made the announcement on Twitter, urging fans to stay tuned for more details on how to access the beta site.
attention #SHIBARMY 🚨
we are happy to announce #Zhibaoguan The public beta is launching this week! 🎉
Make sure you stay tuned to our official socials over the next few days as we announce all the details on how to access the beta site. Long live Shibb! #ShibariumBeta 🦴 pic.twitter.com/0fG3u3mY4S
– Shib (@Shibtoken) March 7, 2023
The public beta is a major milestone for the Shibarium project, led by Shiba Inu developer Shytoshi Kusama. The platform aims to be a layer 2 solution that brings many benefits to the SHIB community, including faster and cheaper transactions, greater scalability and enhanced security.
The public beta comes after months of development and testing by the Shibarium team, who have worked tirelessly to ensure the platform is ready for public use.
During the beta, users will be able to test different features of the platform and provide feedback to the team on any issues they encounter.
It is worth noting that the beta version of Shibarium will be used for testing purposes only and users should not use it for any commercial transactions. The team also warned users to be wary of scammers who may try to take advantage of the public beta release.
The launch of Shibarium is expected to drive more SHIB adoption and help cement its position as the leading cryptocurrency.
BONE takes off
Shiba Inu’s ecosystem token, BoneShibaSwap (BONE), was arguably one of the biggest beneficiaries of the latest Shibarium news.
BONE’s current spot price is $1.76, indicating that it is making steady efforts to reduce its accumulated losses over the past seven days.
Source: TradingView
BONE has a direct role in powering the protocol as the designated primary token within the Shibarium ecosystem. This means that the utility of BONE will increase and the token will see increased purchases in the near future.
BONE’s price history has been positive over the years and year-to-date — relatively low volatility compared to other tokens in the larger ecosystem, especially SHIB.
While SHIB was only up nearly 5% the day after the news, BONE returned nearly 35% the day before the pullback. Year-to-date, BONE has recorded a 92.64% growth, making it one of the best performing altcoins in the memecoin ecosystem.
- This Token on Layer 2 Shibarium Grows Over 2,700% in Just 2 Weeks
- Shibarium Lists This Week – BONE Enters Top 100 for First Time
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