Shibarium Hits New Milestone as Staked BONE Now at ATH

Shibarium Hits New Milestone as Staked BONE Now at ATH

Shiba Inu (SHIB) is on a very positive trajectory as one of its ecosystem tokens Bone ShibaSwap (BONE) has attained an All-Time High (ATH) on the Shibarium layer-2 scaling solution.

Shibarium by the Numbers

According to data from the Shibarium validator tracker, the staked BONE tokens have crossed the 26 billion count and are now pegged at 26,020,173.6431 units. The growing list of validators now registered on the protocol catalyzed this impressive staking figure.

Per the data, Shibarium now has 12 validators and the smart contract network has recorded a Heimdall block height of 1,013,400.

Shibarium remains a testament to how much a project in the Web3 ecosystem can dream to change its entire vision from the ground up. As a spinoff of Shiba Inu, Shibarium was conceived to help draw in decentralized applications that can help usher in the next 1 billion users into the digital currency ecosystem.

In the first days of its launch, Shibarium recorded a jammed network that showcased the need to redesign it for more intense scalability. While the early strain dampened sentiments overall, the current growth in validator commitment to the protocol proves that the future it envisages can come to reality.

Besides staked BONE, Shibarium has also been building on the key milestones over the past few weeks.  Shibarium scan data shows that the total number of transactions on the network has surpassed the 3.4 million benchmark while the number of active users has crossed the 1.25 million milestone.

Shiba Inu on Track for Price Growth

The Shiba Inu ecosystem is one of the most vibrant ecosystems around in the Web3.0 ecosystem today. Despite the number of growth triggers it is displaying, there is relatively little impact on the price of the SHIB token.

While this is the current reality, Shiba Inu is on track to change its fortune as ongoing collaborations and defined use cases can help bolster the growth of the token in the long term

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Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on Twitter, Linkedin

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.


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