The post Shiba Inu Executive Hints at Major Shibarium Update: What Next? appeared on BitcoinEthereumNews.com.

Shiba Inu’s marketing lead, Lucie, announced that a significant number of BONE tokens locked in validators will soon be released as knBONE on Shibarium. This move will boost liquidity within the Shibarium ecosystem and provide opportunities for developers and projects to integrate knBONE through staking pools and NFTs. On Tuesday, Shiba Inu’s marketing lead, Lucie, made an important announcement regarding the Layer 2 scalability platform Shibarium. Lucie stated that something big is coming to the Shibarium ecosystem, sparking a buzz across the broader crypto market. In a post on the X platform, Lucie stated that a large number of BONE tokens locked in validators would soon be unlocked as knBONE on Shibarium. She added that “this unlock will flood Shibarium with liquidity, and for developers, projects, and builders within the Shib community, this presents an incredible opportunity.” The Shiba Inu community has been speculating on the purpose behind this large unlock, but Lucie explained to them how users can benefit from it. She highlighted that users can farm knBONE through staking pools like K9 Finance, which is a key player on the L2 and utilized throughout the broader ecosystem, per the CNF report. The Shiba Inu market lead also stressed that SHIB developers should prioritize creating knBONE staking pools while integrating knBONE with the NFT space. They shall also accept knBONE for various use cases. “With the upcoming release of knBONE, Shibarium will experience a surge of activity as users seek to stake or spend their tokens,” Lucie noted in her post. At the time of reporting, the Shibarium network recorded 1,890 daily transactions. Meanwhile, the Shiba Inu price has gained traction amid broader market recovery and is currently trading 2.61% up at $0.00001347 with a market cap of $7.94 billion. Also, the daily trading volume has surged by 46%.…

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Filed under: News - @ September 10, 2024 6:21 pm