Shiba Inu’s Shibarium has stated that the public beta debut is imminent, a development that has seen the value of Bone ShibaSwap (BONE) continue to soar. The Shuttle Shibarium, Shiba Inu’s much-anticipated layer-2 scaling solution, is nearly ready for liftoff. The official Shibarium Twitter account has announced that the beta release of the platform will occur next week, and the countdown has begun.
The creators of Shibarium have assured the public that everyone can participate in the launch. As a result, everyone can learn the ropes of the new system.
Understanding the new Shibarium development
Shibarium is an Ethereum Layer 2 blockchain solution with the goal of improving the scalability of the Shiba Inu ecosystem. Ryoshi, the founder of Shiba Inu, foresees Shibarium as a platform that may facilitate faster and cheaper transactions, allowing the construction of decentralized applications (dApps) and Metaverse initiatives, streamlining Shiba Inu NFT games, and lower transaction fees. Shibarium is able to improve the efficiency of gaming and Metaverse apps by shifting transaction processing to Layer 2 protocols, hence reducing the stress on the blockchain network.
The development platform also offers robust features for the community to implement their ideas into the blockchain, encouraging the production of decentralized applications crucial to Web3 growth. With its ability to maintain token values and provide liquidity through a decentralized exchange, Shibarium has the potential to significantly improve the Shiba Inu ecosystem. Shibarium’s goal is to change the crypto business by releasing the full potential of Web 3.0 with its speed, low cost, and functional benefits.
The cost of bones has been steadily increasing
As a result of the statement, the price of Bone ShibaSwap, which has seen a few rallies due to the constant Shibarium news, appears to be enjoying a nice day, gaining close to 25% in just 24 hours. The current price of BONE is $1.84.
During the same time period, the asset’s trading volume surged by more than 740%, and its market cap increased by 22%. According to CoinMarketCap’s statistical analysis, the asset market is now being controlled by bulls.
