Huobi Lists BONE Ahead of Shibarium Launch: What This Means for Shiba Inu
Popular cryptocurrency exchange Huobi has announced that it has listed Shiba Inu's descendant token, BONE. This news comes as Shiba Inu (SHIB) is on the verge of launching its layer-2 network, Shibarium. The platform announced that deposits are open. But what does this listing mean for the Shiba Inu ecosystem?
Huobi Lists Bone ShibaSwap (BONE)
In an official announcement on April 25, Huobi Global revealed that it is listing Bone ShibaSwap (BONE), which is the Shibarium Layer-2 blockchain’s only gas fees. Bone ShibaSwap is the key token for the functioning of the Shibarium Layer 2 protocol. This means BONE will be crucial for all transactions and operations within the Shibarium network. Trading is expected to commence soon, offering investors a new way to access and utilize this vital token.
BONE: The Gas of Shibarium
Understanding the significance of BONE is paramount. As the gas token for Shibarium, it powers all transactions and operations within the layer-2 network. This makes BONE an integral part of the Shiba Inu ecosystem and its future scalability. Holding BONE provides access to the functionality of Shibarium. Huobi's listing provides greater accessibility and liquidity.
Shibarium Launch Imminent: Shytoshi Kusama Updates
Shiba Inu (SHIB) is on the verge of launching its layer-2 network, Shibarium. According to SHIB lead developer, Shytoshi Kusama the upcoming network could debut in two stages, ensuring a smooth and stable rollout. The launch of Shibarium is a significant milestone for the Shiba Inu community, offering faster and cheaper transactions, and creating new opportunities for decentralized applications (dApps).
BONE Price Reaction
So far, the price has not responded dramatically to the news of the Huobi listing. However, the coin is in the green, indicating positive market sentiment. The listing on Huobi is expected to bring more exposure and potentially increase the demand and price of BONE in the long run, especially as Shibarium gains traction.
What to Expect Next
Keep an eye on the upcoming launch of Shibarium and the performance of BONE on Huobi. This is a developing story with the potential to significantly impact the Shiba Inu ecosystem. This Huobi listing could be a stepping stone for broader adoption and utility of BONE within the larger crypto market.