Main navigation

Shiba Inu's BONE Whitelisted on This Major DEX Aggregator Ahead of Shibarium Launch

Fri, 01/06/2023 - 10:59
article image
Tomiwabold Olajide
BONE trending on Twitter as it continues to receive attention
Shiba Inu's BONE Whitelisted on This Major DEX Aggregator Ahead of Shibarium Launch
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

OpenOcean, a DEX aggregator, has announced that it has whitelisted Shiba Inu's governance token, BONE, ahead of the Shibarium launch. OpenOcean, a DEX and cross-chain swap aggregator provides swap returns with intelligent routes on most chains.

BONE ShibaSwap continues to receive attention as expectations ramp up ahead of the Shibarium launch. BONE remains a top trending item on Twitter at the time of this writing.

Likewise, SafePal, a multi-chain crypto wallet, has announced that BONE support is now available in the iSafePal software wallet.

As reported, the Shibarium official Twitter handle put out a statement reiterating that BONE is and will remain the only token required for gas fees and use when it comes to Shibarium.

SHIB: New "Shibarium Network" Platform Smashes Community Milestone

It also noted that no other tokens will be necessary to operate within the protocol, emphasizing that Shibarium has been developed for SHIB and not for the sake of other projects. The team says that the Layer 2 solution belongs to the community and will always encompass support for Shiba Inu and its growth.

Given this optimism, the BONE price is up 28% week on week. Although currently trading down 2% in the last 24 hours at $1.05, BONE was a top gainer on Dec. 5 as it shot up more than 16%. With a current market cap of $168 million, BONE has surpassed Terra's LUNA to sit in the 124th spot in the crypto market ranking.

Shibarium social hub continues to gain traction

Ahead of the much anticipated Shibarium beta launch, the Shibarium network, which will eventually become a social information hub for all things related to the Shibarium Layer 2 network and protocol, has continued to gain an enormous Twitter following.

SHIB: Shibarium Social Hub Gains Traction as Launch Nears

At the time of this writing, the Shibarium Network Twitter account has over 39,200 followers. At the close of 2022, precisely on Dec. 31, the number of followers was about 33,900. This implies that over 6,000 followers were added in less than a week.

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.