A fresh update regarding Shibarium has been posted on the SHIB official Telegram channel by the team head of the Shiba Inu development team.
A few details concerning Wbone, the Shibaswap dex, BONE coins, and contract verification were revealed by Kusama.
Shytoshi Kusama shares good news on the update
In his update, Shytoshi Kusama made a number of important promises, including that the official Wbone token will be released shortly, that contract verification would be put up this week, that BONE renunciation would be finished (nearly done now), and that Shibaswap would soon transfer to Shibarium.
ShibaSwap is the sole recognised decentralised exchange of Shibarium, according to previous remarks made by Shytoshi and the SHIB team. On this Layer-2 blockchain, however, new dexes are free to debut, and PawSwap is one of them with its PAW token and Paw Wallet developed on the PawChain network.
In his statement, Shytoshi Kusama emphasised that the SHIB team’s current priorities are “building decentralised systems and showcasing Shibarium projects.”
The Shibarium Bridge, which enables the transfer of assets from the Shibarium chain to Ethereum and vice versa, will employ WBONE, a wrapped Bone currency.
With assistance from the Polygon team, Unification Fund, and other teams, Shibarium has finally been revived. The Layer-2 blockchain currently counts more than 350,000 transactions and more than 65,000 associated wallet addresses, according to a recent blog post by Shytoshi Kusama.]
Kaal Dhairya, a prominent developer on the SHIB team, tweeted a message of gratitude to the Polygon chain’s creators today. The freshly reopened Shibarium, he added, was like a newborn infant who was overwhelmed by the large number of relatives who flocked to meet him all at once. Kaal urged Shibarium users to treat the blockchain “with love and care” moving forward.
Trillions of SHIB moved from exchanges within week
Crypto expert Ali Martinez recently tweeted that mysterious whales withdrew a stunning quantity of Shiba Inu meme currencies from centralised cryptocurrency exchanges last week.
According to Ali’s tweet, this sum is around 2 trillion Shiba Inu; all of these coins were transferred from well-known cryptocurrency exchanges to cold wallets for long-term safekeeping. Crypto whales appear to still believe in the second-largest meme currency despite SHIB’s price decline and to be buying up on it in significant quantities.
Shiba Inu has dropped by about 3% in the last day and is currently trading at $0.00000802 on the Binance platform. The token did, however, also see little gain today.
