Main navigation

Shiba Inu: Crypto Lending Platform Announces Support for BONE and Shibarium

Thu, 02/23/2023 - 11:53
article image
Tomiwabold Olajide
BONE might be set to mark its seventh consecutive day of gains
Shiba Inu: Crypto Lending Platform Announces Support for BONE and Shibarium
Cover image via

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

Shiba Inu's Layer 2 solution, Shibarium, will be supported by cryptocurrency lending platform CoinRabbit, which has over 130 supported cryptocurrencies.

CoinRabbit expresses eagerness for the upcoming Shibarium mainnet launch: "Our team is waiting for the Shibarium net launch, just like the whole ShibaArmy. We're going to support Shibarium at CoinRabbit."

In addition, CoinRabbit announced its intention to list Bone ShibaSwap (BONE), the gas token for Shibarium, and Shiba Inu's governance token. It highlights a plan to list BONE next week, restating the promise it made before the new year. "Btw BONE listing is planned on next week, as we promised before New Year," CoinRabbit stated.

As previously reported, blockchain developer API NOWNodes has announced Shibarium support as a node provider. In recent weeks, platforms such as SwapZone, Atomic Wallet and Ledger have announced support for the upcoming Layer 2 Shibarium protocol.

BONE rallies

In recent weeks, BONE has entered the spotlight with platforms announcing its listing. BONE is the native token chosen to pay for gas transactions and reward validators and delegators within the Shibarium protocol.

Shiba Inu's BONE Rallies 8% as SHIB Dev Hints Positive News: Details

After rebounding from lows of $1.42 on Feb. 16, BONE has been on a steady rise, reaching a high of $2.059 on Feb. 21. From Feb. 16 to now, BONE might be set to mark its seventh consecutive day of gains.

At the time of writing, BONE was up 9.43% in the last 24 hours at $1.93.

article image
About the author

Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.