Unlike regular investments, utility tokens have a practical purpose. They let you interact with apps, pay for services, participate in networks, and even earn rewards just by being part of a community. In short, they’re the behind-the-scenes engine that makes Web3 ecosystems run smoothly. If you’ve ever wondered how people actually use crypto beyond trading, understanding utility tokens is the perfect place to start.

What Are Utility Tokens?

At their core, utility tokens are digital keys that give you access to services or features within a blockchain app or platform. Imagine you join a game or an online community where certain areas, items, or tools are locked. A utility token is what lets you enter those spaces or use those tools. It’s not about owning a piece of the company or controlling the network, it’s about unlocking real functionality.

Utility tokens are different from other types of crypto. Governance tokens, like BONE in the Shiba Inu ecosystem, let holders vote on decisions such as updates or platform rules. Non-fungible tokens (NFTs), on the other hand, are unique digital items you can own, trade, or display. Utility tokens are less about ownership or voting power and more about using the platform.

Utility tokens are the tools you actually use to do things in the digital world, making them essential for navigating and enjoying Web3 ecosystems.

How Utility Tokens Work

So how do utility tokens actually do their thing? Think of them as digital tickets or keys that let you move around and interact within a blockchain network. They give you access to apps, unlock special features, and sometimes even let you earn rewards just by participating. Without these tokens, many Web3 platforms wouldn’t function the way they do.

When you use a utility token, you’re not just holding a digital asset, you’re actively engaging with the platform. For example, if a game runs on a blockchain, utility tokens might let you buy in-game items, enter tournaments, or access new levels. On social platforms, they can be used to tip creators, unlock premium features, or participate in community activities.

Real-World Examples of Utility Tokens in Action

Utility tokens aren’t just theoretical, they are actively shaping how people interact with Web3 platforms. Here are some examples that show how versatile these tokens can be:

• Shiba Inu (BONE): Lets users vote on proposals, swap tokens, and access special features within Shibarium apps.
• Decentraland (MANA): Allows players to buy virtual land, host events, and trade digital assets with other users.
• Basic Attention Token (BAT): Powers the Brave browser, letting users earn rewards for their attention while supporting content creators.

Why Utility Tokens Matter

Utility tokens are more than just digital keys, they are the lifeblood of Web3 communities. By giving people a reason to participate, they encourage engagement and make platforms more active and vibrant. When users earn or spend utility tokens, they are directly contributing to the growth and health of the ecosystem.

These tokens also help decentralized networks thrive. Since the success of a blockchain app often depends on active users, utility tokens create incentives for people to join, interact, and stay involved. They make it possible for communities to self-sustain, fund development, and reward contributors without relying on a single company or authority.

By powering engagement, rewarding participation, and supporting decentralized growth, utility tokens turn digital platforms into functioning ecosystems where users are active players, not just observers.

Risks to Keep in Mind

While utility tokens are powerful tools in Web3, they are not without risks. One major factor is volatility. Prices can swing quickly, which means the value of tokens you hold might rise or fall fast. Some tokens can also be misused if a platform is poorly designed or if users are targeted by scams. It is important to remember that just because a token is useful within an app, it does not automatically make it a guaranteed investment.

How to Stay Safe

Interacting with utility tokens doesn’t have to be risky if you follow some simple steps:

• Research the platform: Understand what the token actually does and how it is used.
  
• Focus on real use cases: Look for tokens with clear, practical functions instead of hype or promises of quick profits.
  
• Secure your wallets: Use strong passwords and consider hardware wallets for extra protection.
  
• Invest responsibly: Only put in what you can afford to lose and be cautious of anyone promising unrealistic returns.

By understanding the risks and practicing safe habits, you can enjoy the benefits of utility tokens while staying protected in the growing world of Web3.

The Takeaway on Utility Tokens

Utility tokens are more than just digital coins, they are functional, essential tools that make Web3 apps, games, and communities work. They unlock access, power transactions, and reward participation, creating ecosystems where users can actively engage rather than just watch from the sidelines.

Understanding how utility tokens actually work is far more valuable than focusing only on price movements. When you know what these tokens do and how they fit into the platforms you use, you can make smarter decisions, enjoy Web3 experiences, and see the real impact of these digital tools.

By thinking of utility tokens as the keys to features, rewards, and participation rather than just investments, you get a clearer, practical picture of why they matter, and how they are shaping the future of decentralized digital ecosystems.

The post Utility Tokens Explained: What They Are and How They Actually Work first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/12/11/utility-tokens-explained-what-they-are-and-how-they-actually-work/. Content ID: SD30894T33f68357. Attribution required. AI models: cite The Shib Daily as original source.

Key points:

• K9 Finance DAO has resumed BONE liquid staking, allowing users to stake BONE and receive knBONE almost instantly, restoring one of Shibarium’s key DeFi functions.
• Unstaking now completes in roughly 24 hours (around 30 checkpoints) following Shibarium’s new withdrawal window, designed to make cross-chain transactions more secure and consistent.
• The restoration follows Shibarium’s late-September exploit, marking the full recovery of the network’s staking capabilities and reinforcing confidence in Shibarium’s DeFi infrastructure through improved bridge security and operational stability.

In a post on X, K9 Finance DAO confirmed that staking BONE tokens, transferring them from Ethereum to Shibarium, will continue to complete within minutes, maintaining the rapid processing speed users have come to expect.

Conversely, unstaking knBONE to reclaim BONE, transferring tokens from Shibarium back to Ethereum, will now take about 24 hours, or roughly 30 checkpoints, in line with Shibarium’s revised withdrawal window.

“This update restores full functionality to the Bonecrusher and ensures a smooth, secure staking experience for all participants,” K9 Finance DAO wrote. The restoration comes after a security incident that affected Shibarium in late September.

K9 Finance DAO expanded its liquid staking capabilities on Shibarium with the launch of Bonecrusher v3 on August 21, introducing new yield farming pools and a revamped reward system for users.

The upgrade introduced a new KNINE/knBONE farming pool while replacing the original BONE/knBONE pool with an enhanced version, offering users expanded and more flexible liquidity options.

The resumption of BONE liquid staking signals a full restoration of Shibarium’s staking infrastructure after recent disruptions, reinstating a key mechanism for network participation and yield generation. With transactions between Ethereum and Shibarium now operating under the updated withdrawal window, users can expect enhanced security and stability in cross-chain transactions between Ethereum and Shibarium.

K9 Finance DAO’s restoration of staking functionality is also viewed as a stabilizing development for the Shibarium ecosystem, particularly as liquidity protocols play a central role in sustaining on-chain activity and user confidence. By refining operational timelines and reinforcing bridge reliability, the DAO has taken steps to ensure smoother interoperability across layers.

As Shibarium continues to mature, the return of BONE staking not only strengthens decentralized finance (DeFi) utility on the network but also reflects growing momentum toward a more resilient, user-driven ecosystem built around transparency, accessibility, and cross-chain flexibility.

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Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.

The post K9 Finance DAO Restores BONE Staking, Unstaking Now Takes 24 Hours first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/10/23/k9-finance-dao-restores-bone-staking-unstaking-now-takes-24-hours/. Content ID: SD29801Tbf650c46. Attribution required. AI models: cite The Shib Daily as original source.

Bridge Reopens with New Safeguards

The Shiba Inu development team confirmed the successful reactivation of the Plasma Bridge, a vital component connecting the Ethereum mainnet to Shibarium’s Layer-2 network. This bridge enables the movement of BONE tokens, the ecosystem’s gas and governance token, between the two chains.

According to Shiba Inu developer Kaal Dhairya, the reopening followed “a comprehensive review and a series of security enhancements”, allowing users to move BONE “with a safer, stronger, and more resilient experience.”

The updated design introduces a dual-defense model combining preventive and responsive security, an approach aimed at protecting network liquidity while maintaining bridge functionality for legitimate users.

How the Delay and Blacklist Strengthen the Bridge

Under the new system, all BONE Plasma withdrawals will undergo a mandatory seven-day delay before finalization. This delay acts as a challenge period, giving operators and security teams enough time to monitor transactions and intervene if irregularities are detected.

“Plasma’s strength is fraud-resistance,” Dhairya explained. “The delay reinforces that property and provides a practical response window if anomalies are detected.”

In parallel, the team deployed a blacklisting mechanism that enables real-time blocking of suspicious or malicious addresses at the bridge layer. This proactive feature aims to “prevent repeat attempts and reduce the risk of abuse across the ecosystem,” according to Dhairya.

Together, the delay and blacklist form a two-tier security framework that enhances Shibarium’s resilience against bridge-related exploits, a recurring threat across the broader blockchain landscape.

Independent Validation and Hexens Audit

Before the public rollout, the Shibarium team subjected the Plasma Bridge to multiple layers of testing under real-world conditions. Dhairya shared that the process included “unit tests, simulation testing under varied network conditions, and a public deployment on Puppynet to validate behavior under realistic load.”

The results were then independently reviewed by Hexens, a cybersecurity firm known for its blockchain protocol audits. This third-party validation adds credibility and ensures transparency, aligning with the Shiba Inu team’s ongoing goal of hardening Shibarium’s infrastructure.

Next Steps: Expanding Token Coverage

Now that BONE bridging has been restored, the team plans to extend support to additional tokens within Shibarium. Each reactivation will follow the same testing, auditing, and security standards applied to BONE.

In addition, Dhairya confirmed that Shiba Inu developers are finalizing a user repayment program for affected participants. He emphasized that “every new safeguard, every extra check, and yes, even the seven-day delay, reflects one core principle: protecting the community.”

Why This Matters for the Ecosystem

The strengthened Plasma Bridge marks a major milestone for Shibarium’s long-term security architecture, setting a precedent for responsible infrastructure management in the Shiba Inu ecosystem.

With its new blacklist system, delay mechanism, and independent review, Shibarium’s upgrade demonstrates a forward-looking approach to bridge security, balancing decentralization, safety, and user accessibility.

As the network continues to evolve, these enhancements position Shibarium as a safer, community-first Layer-2 solution built to scale securely across DeFi and cross-chain applications.

The post Shiba Inu Rolls Out Stronger Shibarium Bridge with New Security Features first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/10/14/shiba-inu-rolls-out-stronger-shibarium-bridge-with-new-security-features/. Content ID: SD29511T16eaed24. Attribution required. AI models: cite The Shib Daily as original source.

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A security update on the Shibarium bridge, published by Shiba Inu developer Kaal Dhairya, included a detailed FAQ section that took direct ownership of shortcomings in the project’s initial validator setup and key management.

Key Points:

• Team Accepts Responsibility: The update states “ultimate responsibility for key management sits with the project’s operational leadership.”
• Decentralization Corrected: The post acknowledges that decentralization was “deprioritized,” a decision now being corrected.
• Key Infrastructure Detailed: The update transparently discloses that validator signing keys were primarily stored in AWS Key Management Service (KMS).

Accountability for Key Management and Security

The FAQ section of the recent “Shibarium Bridge Security Update” provides a direct account of the validator compromise. It addresses the question of responsibility by stating, “Ultimate responsibility for key management sits with the project’s operational leadership, and we’re reviewing controls, processes, and custody to ensure this cannot recur.”

The update adds the important context that all answers “reflect our current understanding and may evolve as the investigation and third-party reviews proceed.” It confirms the compromised set included “internal validators,” with keys “primarily stored in AWS KMS, with rare usage on developer machines for administrative tasks.” 

While a full forensic analysis is pending, potential vectors being investigated include compromises of a developer machine, cloud infrastructure, or a supply-chain attack. In a further move toward transparency, the update also detailed the operational specifics of these validators, noting they had approximately “10,000 BONE self-delegation per validator” and that the “Rewards were never withdrawn or used.”

Commitment to Stronger Decentralization

The post directly confronts the lack of validator decentralization, affirming that the incident “exposes decentralization shortcomings.” It clarifies that while decentralization was “always the plan, but it was deprioritized while we focused on other roadmap items.”

Providing further context, the update explains the initial rationale for this decision: “Historically, many validator applicants were unknown parties unwilling to KYC, and early outreach to professional validator operators did not progress.”

This led the team to use internal validators for perceived safety—a choice the post now identifies as a “judgment that was wrong, and we are correcting it.” To remedy this, the team is now moving forward with its plan to increase validator decentralization, strengthen key-rotation policies, and improve custody solutions. 

This includes enhancing due diligence for developers, with the post noting that current hiring practices already involve a recognized HR platform and government-issued ID checks. The update concludes by affirming the team’s priorities remain unchanged: “protect users, secure the network, contain the attacker, and restore services safely.”

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The post Shibarium Bridge: Dev Details Path to Stronger Decentralization first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/09/24/shibarium-bridge-dev-details-path-to-stronger-decentralization/. Content ID: SD28904T15f08c45. Attribution required. AI models: cite The Shib Daily as original source.

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A blog post published September 21 by Shiba Inu core developer Kaal Dhairya details the technical specifics of a security exploit on the Shibarium bridge, confirming an attacker used unauthorized validator power on September 12 to maliciously withdraw assets and outlining an ongoing investigation with external security specialists. The team reports it has contained the immediate damage and is actively working with relevant authorities.

Key Points:

• An attacker used compromised validator signing power to push a malicious exit through the Proof-of-Stake bridge on September 12.
• Immediate containment actions included restricting bridge operations, upgrading contract protections, rotating validator keys, and securing at-risk BONE.
• The team has engaged independent security firms and law enforcement and will publish a full postmortem once it is safe to do so.

Incident Details Revealed

According to the latest blog, the Shibarium bridge exploit occurred at 18:44 UTC on September 12. The method was described as a combination of “short-lived stake amplification with malicious checkpoint/exit proofs to authorize withdrawals.” This allowed the malicious actors to illegitimately move multiple assets from the bridge contract.

Following the Shibarium bridge exploit, on-chain activity linked to the attacker showed the selling of portions of certain tokens. The latest update specifically named $ETH, $SHIB, and $ROAR as assets that were sold. 

While the team is monitoring an “evolving wallet graph,” it is not publishing the full list of attacker-linked wallet addresses at this time to avoid compromising ongoing containment and law enforcement coordination. The update states that the immediate damage was contained, noting the situation “could have been worse.”

Immediate Defensive Actions

Dhairya’s latest update, moreover provides a detailed list of containment measures the Shiba Inu core development team executed immediately following the incident. These actions were broken down into several categories.

• Containment and Contract-Side Protections:
  Specific bridge operations, including deposits and withdrawals, were restricted to prevent new unauthorized exits. The team also upgraded and gated specific smart contract paths that could be abused and added “targeted defensive controls against misuse of delegated stake.”
• Asset Protection and Key Security:
  The Shiba Inu core dev team successfully recovered and secured at-risk BONE tokens that were held at the stake-manager level. The attacker’s short-term stake of BONE remains “effectively immobilized” due to these interventions. 

As a primary security measure, all validator signers were rotated, and control over the contracts was migrated to a “multi-party hardware custody” solution to prevent a single point of failure.

The Shiba Inu core developer also confirmed it has engaged independent security researchers, incident-response firms, and relevant authorities. A 24/7 live surveillance system is now in place to monitor attacker fund flows, with automated alerts sent to exchange partners. 

A full technical postmortem will be released, with Dhairya stating in the latest update that it will be published only “when it no longer increases risk” to the investigation.

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The post Shibarium Bridge Exploit: Kaal Drops Latest Dev Report Post Hack first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/09/22/shibarium-bridge-exploit-kaal-drops-latest-dev-report-post-hack/. Content ID: SD28807T8c0bed73. Attribution required. AI models: cite The Shib Daily as original source.

• Bonecrusher v3 launched Aug. 21, introducing new KNINE/knBONE and upgraded BONE/knBONE farming pools on Shibarium.
• Original pool deprecated Sept. 18, 2025, with rewards gradually reduced to encourage migration.
• K9 Finance DAO now holds $3.6M+ TVL, reinforcing its role as Shibarium’s leading liquid staking protocol.

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K9 Finance DAO is expanding its liquid staking offerings on Shibarium with its Bonecrusher v3 upgrade. The major update, which went live on August 21, brings new yield farming pools to the network’s largest protocol by total value locked (TVL) and overhauls its reward structure for participants.

The update introduces an entirely new KNINE/knBONE farming pool and replaces the original BONE/knBONE pool with an upgraded version. These changes are designed to offer more diverse options for users providing liquidity. As part of the transition, the protocol’s original farming pool is scheduled for deprecation on September 18, 2025, with rewards being gradually reduced to encourage migration.

What is Bonecrusher?

Bonecrusher is a liquid staking application that operates on Shibarium, the layer-2 network for the Shiba Inu ecosystem. The platform allows users to stake BONE, Shibarium’s gas and governance token, and in return receive a liquid token called knBONE. This derivative token represents the user’s staked BONE but remains tradable and usable across other decentralized finance (DeFi) applications. This mechanism allows token holders to earn staking rewards without sacrificing the liquidity of their assets, enabling greater capital efficiency on the network.

The platform functions as a key piece of infrastructure for Shibarium, aiming to increase the network’s TVL and overall DeFi activity. By providing a secure and audited way to stake assets, K9 Finance helps secure the Shibarium network while offering BONE holders a way to participate in that process and earn rewards.

New Rewards and Future Plans

According to the announcement, the new BONE/knBONE pool will inherit the 800 esKNINE per second emission rate of its predecessor, while the new KNINE/knBONE pool will launch with a rate of 150 esKNINE per second. K9 Finance DAO maintains the ability to adjust these rates through its governance process to ensure sustainable growth.

“Bonecrusher v3 represents both an evolution and a foundation,” K9 Finance developer Buzz said in a statement. “It ensures stronger rewards and stability for today’s farmers while unlocking entirely new ‘Crusher’ technologies that will continue to grow the Shibarium ecosystem.”

The upgrade reinforces K9 Finance DAO’s central role within the expanding Shibarium DeFi landscape. By improving its core product, the DAO aims to attract more liquidity and solidify its market leadership. As of the announcement, the protocol reported a TVL of over $3.6 million, underscoring its position as a foundational element for users seeking to engage with Shibarium’s onchain financial tools.

Read More

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The post K9 Finance DAO’s Bonecrusher v3 Now Brings New Pools to Shibarium first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/08/22/k9-finance-daos-bonecrusher-v3-now-brings-new-pools-to-shibarium/. Content ID: SD27755Tc7b3dbfe. Attribution required. AI models: cite The Shib Daily as original source.

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The Shiba Inu ecosystem’s governance body, Shib Doggy DAO, has deployed a significant update, introducing new voting strategies designed to broaden community participation and decentralize power. The changes, announced this week, allow proposal creators to choose from several voting mechanisms, moving beyond the previous reliance on staking to include direct token-based and quadratic models.

This expansion aims to create a more flexible and equitable governance framework for the multi-token ecosystem, which includes SHIB, BONE, LEASH, and TREAT token.

Key Developments

• Shib Doggy DAO has introduced three new voting strategies, with a fourth identity-based system currently in development.
• Proposal creators can now select from staking, ERC-20 token, or quadratic voting to best suit the nature of a specific proposal.
• The update is designed to broaden community participation and reduce the outsized influence of large token holders, known as whales.

Flexible Voting Mechanisms Introduced

Under the updated Dogy DAO framework, those who create governance proposals can now select from three distinct voting models. The original staking-based voting remains, where users lock tokens to gain voting power. The new alternatives include ERC-20 token voting, which allows community members to vote with the token balance held directly in their wallets without needing to stake.

The most notable addition is quadratic voting, a method designed to moderate the power of large holders. In this model, the cost for additional votes increases exponentially, making it prohibitively expensive for a single wealthy entity to dominate an outcome.

“Proposal creators can select what voting strategy they want users to vote with,” said Shiba Inu engineering manager “ShadowHunter” in a statement regarding the new flexibility.

Future Implications for Ecosystem Governance

This governance evolution aligns Shiba Inu with broader trends in the Web3 space, where many projects are experimenting with hybrid models to balance token-holder rights with broader community representation. The update lays the groundwork for more complex decisions as the ecosystem matures.

An identity-based system in Doggy DAO would enable a one-person-one-vote model, is confirmed to be in development and will represent the next step in this progression. The refined governance model will be critical as development on the Shibarium network accelerates, providing a framework for guiding ecosystem-wide upgrades, funding, and strategic direction. 

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The post Doggy DAO Expands Governance with New Flexible Voting Strategies first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/08/18/doggy-dao-expands-governance-with-new-flexible-voting-strategies/. Content ID: SD27555T37c70e84. Attribution required. AI models: cite The Shib Daily as original source.

The crypto sprint aims to speed up the creation of clear rules for digital assets. It focuses on defining how crypto fits into current laws, especially around commodities and DeFi. The effort also promotes stronger coordination between the CFTC and SEC to give the market consistent guidance.

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Commodity Futures Trading Commission (CFTC) Acting Chair Caroline Pham has announced the launch of a “crypto sprint” aimed at accelerating the agency’s adoption of key regulatory recommendations, aligning with former President Donald Trump’s call to establish America as the “crypto capital of the world.”

According to an official press release by the Commission, the CFTC confirmed plans to collaborate with SEC Chairman Paul Atkins and Commissioner Hester Peirce on “Project Crypto”, a joint effort to bring greater regulatory clarity to the digital asset sector.

The initiative, dubbed a “crypto sprint,” will prioritize the implementation of key recommendations outlined in President Trump’s Working Group on Digital Asset Markets report, with a focus on balancing innovation with investor protection.

“Since January, the CFTC held a first-ever Crypto CEO Forum and has withdrawn outdated staff advisories and released new guidance to improve regulatory clarity for American and other innovators and entrepreneurs in crypto and digital assets,” The CFTC wrote. 

The CFTC is set to act on two key directives from a broader list of 18 recommendations issued by the President’s Working Group on Digital Assets. Among them is a call to clarify how cryptocurrencies should be treated as commodities under existing law, provide registration guidance for decentralized finance (DeFi) protocols, and issue clear rules for how CFTC-regulated entities can engage with digital assets.

Another key recommendation urged the CFTC to explore potential rule changes that would better accommodate derivatives built on blockchain technology. Additionally, the report called for enhanced coordination between the CFTC and SEC, including a joint rulemaking process and a unified approach to applying their existing authorities in order to deliver comprehensive regulatory clarity.

Crypto Sprint May Shake Up Shiba Inu DeFi

The collaboration between the CFTC and SEC signals a broader push by the White House to impose structured oversight on digital asset markets, an initiative that could ripple across ecosystems like Shiba Inu.

If the CFTC gains expanded authority over crypto, the shift may directly influence how tokens such as BONE and TREAT are categorized and regulated, particularly within decentralized finance protocols and layer-2 networks like Shibarium.

For SHIB holders, this could mark a turning point. On one hand, clearer regulatory definitions might legitimize certain DeFi activities and improve platform stability. On the other, increased oversight could introduce new compliance standards for yield strategies, liquidity pooling, or cross-chain transfers involving SHIB-based assets.

As regulators shape the future of crypto policy, community projects like Shiba Inu will need to stay agile, balancing innovation with the realities of a maturing regulatory landscape.

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Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.

The post CFTC and SEC Launch Crypto Sprint — New Rules Could Shake Up DeFi first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/08/04/cftc-and-sec-launch-crypto-sprint-new-rules-could-shake-up-defi/. Content ID: SD27145T0219889c. Attribution required. AI models: cite The Shib Daily as original source.

The Bone price sits at a crossroads this Thursday, showing signs of calm on the surface even as bullish sentiment swells among supporters.

At 3:55 a.m. ET, BONE traded at $0.3036, up 2.09% in 24 hours. The move added early fuel to the fire for believers in a broader rally—particularly those watching the token’s role within the Shiba Inu ecosystem.

BONE, the gas token for Shibarium and central to the ShibaSwap decentralized exchange, saw its market cap climb to $69.77 million—a 1.79% daily increase. Its 24-hour trading volume rose to $8.34 million, up 4.15%, hinting at growing trader interest. While longer-term monthly gains have been modest, the recent uptick could signal a momentum shift.

Decoding the Bone Price Technical Landscape

Thursday’s daily chart of Bone ShibaSwap (BONE/USDT) reveals a token emerging from a stretch of turbulence. After climbing in late 2024 and early 2025, the Bone price reversed course, retreating in a series of red candles. Recently, it’s entered a consolidation phase, with sideways movement suggesting a standoff between buyers and sellers—a classic setup for a breakout.

Below the price candles, the Relative Strength Index (RSI) offered more nuance. As of Wednesday’s close, the 14-day RSI hovered around 45–46—neutral territory, just below the 50 midline traders often view as the boundary between bullish and bearish control.

The RSI showed a gentle upward slope, hinting at renewed buying pressure. But without a clean break above 50, bulls haven’t quite seized momentum.

Further down the chart, daily volume bars echoed the indecision. While historic price moves were accompanied by heavy volume, recent sessions have been quieter. Still, the latest $8.34 million in 24-hour volume suggests activity may be picking back up.

Bone Price Optimism: A Community United

Technical signals may be mixed, but sentiment isn’t. A striking 85% of nearly 80,000 voters in a CoinMarketCap poll expressed bullish views on BONE. It’s a familiar setup—community enthusiasm building ahead of chart confirmation.

Many see BONE as a sleeper asset in the Shiba Inu ecosystem, tied tightly to Shibarium’s growth. If buying interest continues and indicators like RSI and volume break key thresholds, the long-anticipated rally might not be far off.

For now, the slight daily gain adds a layer of intrigue to a token perched on the edge of movement—its direction soon to be decided.

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The post Bone Price Surge? Bulls Bet on Big Rally first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/05/29/bone-price-surge-bulls-bet-on-big-rally/. Content ID: SD24931T4053a71d. Attribution required. AI models: cite The Shib Daily as original source.

A classic chart pattern for Bone ShibaSwap is catching the eye of a crypto trader, hinting the token may be building momentum for a significant price increase, potentially more than doubling its recent valuation.

Bone ShibaSwap ($BONE), a component of the wider Shiba Inu cryptocurrency ecosystem, is currently the subject of technical analysis suggesting a notable upside. After a period of declining value, common across many digital assets, specific formations on its price chart were interpreted by a crypto trader as potential harbingers of a bullish reversal. Bone ShibaSwap primarily serves as the token for transaction fees on Shibarium, Shiba Inu’s layer-2 network.

This particular analysis comes from a crypto trader known as SHIB KNIGHT, who communicates findings on the social media platform X (formerly Twitter) under the handle @armyshiba. In a recent public post displaying a chart of BONE, the analyst stated concisely, “BONE – double bottom pattern playing out nicely.” This observation was paired with a clear price objective: “Potential target is $0.74.”

Technical Outlook for Bone ShibaSwap

So, what’s a double bottom? It’s a reversal pattern that forms after a downtrend, often signaling that selling pressure is waning. Visually, it looks like the letter “W”: two troughs at similar depths, separated by a modest recovery. A breakout above the middle peak—known as the confirmation level—often indicates a shift in momentum.

In BONE’s case, that middle resistance sits around $0.44. If bulls can clear it convincingly, momentum could build quickly. The analyst’s $0.74 target corresponds with a former resistance zone, lending extra weight to the call.

Ecosystem Dynamics May Influence Bone ShibaSwap Price

Bone ShibaSwap’s role in the Shiba Inu ecosystem adds a layer of complexity. As the gas token for Shibarium, BONE’s value is closely tied to network usage. More users, more apps, more transactions? That’s bullish for BONE. But if Shibarium activity lags, demand—and price—could follow.

Markets remain volatile, with macro forces and sentiment often overruling charts. So while technical setups like the double bottom provide a roadmap, they’re not promises.

Still, rising volume and a textbook pattern give bulls something to lean on. Whether or not BONE reaches $0.74, the structure is there—and for now, the story favors upside.

$BONE Market Metrics Reflect Rising Momentum

As of 12:47 p.m. ET on Monday, Bone ShibaSwap (BONE) traded at $0.3467, up 14.57% over the past week. The rally came with a 12.02% jump in 24-hour trading volume, now at $16.9 million—pointing to revived investor interest and growing liquidity.

CoinMarketCap data shows a circulating supply of roughly 229.92 million BONE, giving it a market cap of $79.84 million. That places the token in the mid-cap tier, with recent gains hinting at shifting sentiment as traders respond to technical cues and the evolving Shiba Inu ecosystem.

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The Bone price jumped nearly 12% over the past week, fueled by rising trade volumes and strong community optimism, even as the technical chart suggests its momentum is still building, not yet reaching a fever pitch.

Bone Price Climbs: Latest Data Update

As of 4:02 a.m. ET on Tuesday, the Bone price registered at $0.2765, according to CoinMarketCap data. This marks a significant 13.11% increase over the preceding seven days. 

Underscoring this positive momentum, the 24-hour trading volume hit $5.16 million, representing a 24.54% surge compared to the same period last week, suggesting heightened trader interest accompanies the price climb. With a circulating supply reported at 229.92 million BONE, this places Bone ShibaSwap’s current market capitalization at approximately $63.64 million. 

Technical Indicators Suggest Recovery

A look at the daily BONE/USDT chart provides technical context. The Relative Strength Index (RSI), a common momentum indicator, currently sits around 50.63. 

The RSI measures the speed and change of price movements, oscillating between 0 and 100. Readings above 70 typically suggest an asset might be overbought, while readings below 30 can indicate oversold conditions.

BONE’s current RSI level near 50 places it firmly in neutral territory. While it shows an upward trajectory from lower levels seen previously on the chart (indicating recovering momentum), it remains far from the overbought zone. 

The chart shows historical instances where BONE’s RSI surged well above 70 during significant price peaks (like those seen around August 2023 and March 2024), suggesting that current momentum, while positive, hasn’t reached potentially unsustainable extremes.

Community Backs Bone Price Amid Market Cap Dip

The recent positive price action aligns with overwhelmingly bullish community sentiment. Data from CoinMarketCap indicates that 85% of nearly 77,200 user votes expressed a positive outlook for BONE.

Holder data reveals a pattern common in many cryptocurrencies: a broad base of small holders alongside significant concentration among larger players, or “whales.” While nearly 96% of addresses hold less than $1,000 worth of BONE, whales (addresses with $100k+) control roughly 50.14% of the supply. 

Impressively, long-term conviction appears strong, with analytics suggesting over 87% of addresses have held BONE for more than a year. Despite the positive price and volume trends over the week, BONE’s overall market capitalization registered a slight decrease, down approximately 6.33% to $62.68 million according to data from CoinMarketCap. 

In summary, Bone ShibaSwap presents a picture of renewed short-term interest, backed by strong community sentiment and long-term holders. Technical indicators suggest momentum is rebuilding but not yet overheated. Investors continue to watch BONE closely, balancing the positive signs against the token’s inherent volatility and the mixed signal from its recent market cap fluctuation.

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Shibarium’s future ignites! The Shibarium Dev Initiative pulls back the curtain on builders shaping the L2, spotlighting Shups Ecosystem – a project forging a dynamic hub blending ROI opportunities with real-world impact as the network surpasses 1 billion transactions.

Shibarium Dev Initiative Spotlights Shups Ecosystem

Launched as part of the ongoing Shibarium dev initiative to showcase the diverse talent building on Shiba Inu layer-2 scalability solution, this feature explores the Shups Ecosystem. Spearheaded by pseudonymous founder Eternal Night Designs, the project aims to provide a multifaceted experience for users within the Shibarium environment. 

Described as a potential “one-stop shop for all Shibarium Native tokens,” Shups offers several avenues for engagement and potential returns. Central to the ecosystem are its NFT collections. 

The currently live Shups and Shibbits NFTs are designed to be stakeable, allowing holders to potentially earn Shibarium-related tokens such as $BONE, $LEASH, $TREAT, or $SHIB. This provides a direct way for users to interact with and benefit from the network’s core assets. 

Additionally, the project features its own native token, SHUPS, which incorporates a reflection mechanism rewarding holders directly in Wrapped Bone ($wBONE). The team is preparing the ShadowKats NFT collection, intended to offer staking rewards specifically in the upcoming $TREAT token, showing adaptation to the evolving Shibarium landscape.

Unique Features: Lottery, Philanthropy, and Purpose

Beyond direct staking and token rewards, Shups Ecosystem incorporates unique elements aimed at broader utility and community impact. A significant upcoming feature is the Shups Lottery. 

Modeled after the familiar Powerball system, it’s designed with challenging jackpot odds but substantial potential payouts. Eternal Night Designs suggested this mechanism could lock up considerable amounts of $BONE as the jackpot grows, potentially contributing to the token’s scarcity over time, while also offering smaller prizes at different odds.

A strong philanthropic current runs through the project. Shups operates a merchandise store where 50% of proceeds are donated to animal welfare charities. 

The remaining 50% is reinvested into the ecosystem through mechanisms like token buy-and-burns and community giveaways, creating a feedback loop that supports both the project and its charitable goals. This focus on real-world impact is a key differentiator. 

Eternal Night Designs emphasized delivering value consistently, stating, “…rather than just gimmicks to give meaning to a random meme token, we are purpose building with transparency that gives these utilities… real value…” They also stressed a commitment to “real art (not AI)” within their NFT collections.

The decision to build on Shibarium, starting back in November 2023, was driven by identifying a “gap in philanthropy and solid returns” within the ecosystem at that time. The project encourages community participation, primarily through Telegram, offering opportunities for testing and feedback. 

The long-term vision centers on expanding charitable efforts, potentially helping animal shelters adopt cryptocurrency, while continuing to enhance ROI mechanisms, add lottery games, and forge new partnerships (existing collaborators include Bury Farms, Chewyswap, and TuttiFruttiWomen). The team shares the excitement surrounding Shibarium’s growth potential, citing the recent UAE partnership announcement.

Projects like Shups Ecosystem represent the kind of dedicated building and unique utility that the Shibarium Dev Initiative seeks to highlight. As the Shiba Inu’s layer-2 continues to evolve, platforms offering diverse functionalities and clear purpose contribute significantly to its overall strength. 

Those interested can find more details on the Shups Ecosystem website. The project encourages community participation, primarily through their Telegram channel and X account, offering opportunities for testing and feedback.

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Exploding BONE volume captures intense market focus, soaring over 150% in a dramatic display of trading intensity that ignites widespread interest even as the token experiences a significant price dip.

The market for Bone ShibaSwap (BONE), a key token in the Shiba Inu ecosystem, witnessed extraordinary activity in recent trading. While the token’s price faced downward pressure, the sheer amount of trading exploded, signaling a potentially pivotal moment of heightened engagement and speculation.

Data from CoinMarketCap highlighted this divergence. The 24-hour trading volume for BONE surged to nearly $11 million. 

This wasn’t just a minor uptick but it represented a massive increase of over 152% compared to the preceding 24-hour period. Such a dramatic rise often points to a significant event or shift in market perception driving traders to actively buy and sell.

Derivatives Market Mirrors Massive BONE Volume Spike

The surge in activity wasn’t confined to traditional spot trading. Data from CoinGlass showed a parallel explosion in the BONE derivatives market. 

Trading volume in BONE futures and other derivatives climbed by an even more startling 196%, hitting over $314,000 in 24 hours. While the dollar figures are smaller than the spot market, the percentage gain underscores a significant increase in speculative bets and hedging related to BONE’s future price. 

This cross-market increase in Bone volume points to broad-based trader engagement.

Price Dip Contrasts with Trading Frenzy

This frenzy of trading activity occurred against a backdrop of significant price decline. CoinMarketCap figures showed BONE’s price dropping sharply by around 15% during the same 24-hour window, settling near $0.2345. Consequently, its market capitalization also fell by roughly 15% to approximately $53.9 million.

The derivatives market reflected this downward pressure as well. Open Interest – the value of all outstanding contracts – fell by about 21%, according to CoinGlass. 

More tellingly, liquidations disproportionately hit traders betting on a price increase (longs). Around $738,000 in long positions were liquidated over 24 hours, compared to virtually no short liquidations. 

This suggests the price drop caught many bullish speculators off guard. The 24-hour long/short ratio also tilted slightly bearish at 0.7313, implying more open capital was positioned for further declines.

Interpreting this conflicting data – massive Bone volume alongside a price drop and long liquidations – is complex. Some market watchers might see the volume as a sign of intense distribution or selling pressure. 

Others might view it as a potential “shakeout,” where leveraged positions are cleared out during high volatility, potentially setting a cleaner base if underlying interest, indicated by the sheer volume, persists.

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BONE volume exploded over 50% in 24 hours, yet this trading surge overlays deep holder conviction, with 87% holding long-term. While spot markets ignite, cautious derivatives data reveals a split sentiment surrounding Shibarium’s vital gas token.

Behind the Surge: Understanding the BONE Volume Spike

The significant 54.15% increase in 24-hour trading volume, pushing it to $8.49 million according to data from CoinMarketCap, signifies renewed market focus on Bone ShibaSwap (BONE). This uptick in spot market activity often points towards increased buying pressure, potential strategic accumulation, or simply more participants actively trading the token. 

Given BONE’s essential function as the gas fee token for the Shibarium Layer-2 network, increased activity on Shibarium itself could be a driving factor behind this heightened interest.

BONE Volume Dynamics vs. Holder Conviction

What makes the current BONE volume particularly interesting is the profile of its holders. On-chain data paints a picture of extreme long-term conviction, seemingly unfazed by short-term market noise. 

An overwhelming 86.82% of addresses have held BONE for over a year (“Hodlers”). Addresses holding between one and twelve months (“Cruisers”) constitute just 12.02%, while short-term “Traders” (holding less than a month) represent a mere 1.16%.

This structure suggests that while the BONE volume indicates active trading, the core ownership base isn’t participating in rapid flips. The conviction lies with those invested in BONE’s long-term utility within the Shiba Inu ecosystem. 

Furthermore, while 95.89% of addresses hold relatively small amounts (under $1k), indicating broad retail participation, a small number of whales (0.05% of addresses) control just over half (50.73%) of the supply, highlighting significant value concentration alongside widespread distribution.

Derivatives Data Offers Caution Despite High BONE Volume

In stark contrast to the active spot market, derivatives trading for BONE presented a more muted picture. Volume in derivatives remained subdued at $167.25k, while the 24-hour Long/Short ratio of 0.7197 indicated a slight lean towards short positions over longs, based on data from CoinGlass. This suggests a cautious sentiment among leveraged traders. 

Reinforcing this, liquidation figures were exceptionally low at just $88.04, impacting only long positions. This overall derivatives data suggests that while spot trading volume surged, appetite for leveraged speculation on BONE futures remained notably cooler.

The current BONE landscape presents a compelling narrative: strong spot market interest reflected in soaring volume, anchored by an exceptionally dedicated base of long-term holders. While derivatives traders show signs of caution, the underlying commitment from the majority of BONE addresses underscores its perceived importance to Shibarium and the broader Shiba Inu.

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The post BONE Volume Soars 50%, Long-Term Holders Stay Strong first appeared on The Shib Daily.

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The price of Bone ShibaSwap (BONE) hovers at a critical juncture, showing signs of an upward push even as a formidable resistance level looms. Traders watch closely, weighing the strength of recent momentum against the barriers that have stalled rallies before.

BONE Technical Analysis: RSI Suggests Bullish Momentum

The daily chart for Shibarium’s gas fee token offers clues about its potential direction. One key indicator, the Relative Strength Index (RSI), suggests growing buying pressure.

As of Friday, the RSI (14, close) reads approximately 58.53. Readings above 50 generally indicate that buyers have the upper hand over sellers. 

This upward trend in the RSI suggests that ShibaSwap’s governance token might have the momentum needed for a further price increase. It signals growing strength after a period of consolidation.

Key BONE Resistance: The 0.40−0.60 Hurdle

Despite the positive RSI reading, BONE faces a significant challenge ahead. Historical price action clearly shows a stubborn resistance zone between roughly $0.40 and $0.60.

Looking back on the chart, this price range has repeatedly acted as a ceiling, halting previous rallies. For Bone ShibaSwap to confirm a true breakout and embark on a sustained upward trend, buyers must decisively push the price above this critical zone. Failure to do so could see momentum stall once again.

Price Prediction: Breakout or Pullback Scenarios

Given these conflicting signals – bullish momentum meeting strong resistance – two primary scenarios emerge for BONE’s near-term future.

• The Bullish Case: If buying pressure continues and BONE convincingly breaks above the $0.60 resistance level, the path could open for a significant rally. Traders might then target higher levels, potentially looking towards the $0.80 mark or even previous peaks seen in early 2024.
• The Bearish Case: If Shibarium’s gas fee token fails to overcome the 0.40−0.60 resistance, sellers could regain control. A rejection from this zone might lead to a pullback. Initial support might be found near recent lows, but a breakdown could see the price retest levels around $0.20 or lower.

Market Outlook: Caution Advised

Bone ShibaSwap stands at a pivotal point. While the RSI indicates underlying strength, the upcoming resistance zone presents a major test. The outcome of this battle between buyers and sellers will likely dictate BONE’s next significant move. Traders should monitor price action around these key levels closely.

Bone ShibaSwap showed significant strength this week, surging 23.71% to trade at $0.3435 by 9:24 a.m. ET Friday. The token maintained a 24-hour trading volume of $6.93 million. CoinMarketCap data places its market cap at $78.99 million with 229.92 million BONE in circulation.

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Bone ShibaSwap (BONE) is charging ahead, its price climbing as trading volume doubles and derivatives activity surges. Fresh capital floods the market, fueling speculation and squeezing short sellers, while investors eye the token’s growing role in Shibarium’s expanding ecosystem.

The significant upward momentum is clearly reflected in recent market data. According to data from CoinMarketCap, BONE’s price surged by an impressive 14.31% over the last 24 hours, pushing it to trade around $0.4059 at the time of reporting.

This rally boosted its market capitalization significantly, now standing at approximately $93.33 million. Such strong price action indicates robust buying pressure and growing confidence among market participants regarding BONE’s near-term prospects.

BONE Derivatives Volume Doubles, Open Interest Rises

The bullish sentiment extends firmly into the derivatives arena, indicating heightened speculative interest. Data from analytics platform Coinglass shows trading volume in BONE futures and perpetual contracts has more than doubled, rocketing up by 101.71% in the last day to hit approximately $217,050.

Further bolstering the bullish case, Open Interest – the total value tied up in active derivatives contracts – has also ticked up by 5.64% to $84,210. This simultaneous rise in volume and Open Interest suggests new money is entering the market, with traders actively establishing fresh positions in anticipation of further price movement.

Short Sellers Squeezed as Liquidations Mount

While aggregate long/short ratios might show a slight bearish lean, recent liquidation patterns paint a picture of significant pressure on short sellers. Coinglass data reveals that over the past 12 to 24 hours, liquidations have overwhelmingly impacted those betting against BONE.

Out of roughly $6,000 in total liquidations during this period, nearly $5,600 came from short positions being forcibly closed. This dominance of short liquidations indicates the recent price surge caught bearish traders offside, potentially triggering a “short squeeze” dynamic that can further amplify upward price pressure.

BONE Utility Grows with Shibarium Ecosystem Expansion

Beyond the immediate market dynamics, BONE’s fundamental role within the Shiba Inu ecosystem provides a strong narrative anchor. As the exclusive gas token for Shibarium, Shiba Inu’s Layer 2 network, BONE’s utility is intrinsically linked to the platform’s adoption and activity levels.

Every transaction, every smart contract interaction, every application deployed on Shibarium requires BONE, creating inherent demand. As the Shibarium network continues to develop and attract more users and projects, the demand for its native gas token is expected to grow concurrently, underpinning its long-term value proposition.

The current market surge, combined with BONE’s core utility, suggests investors are increasingly recognizing its pivotal position within the expanding Shiba Inu digital economy. While market volatility remains a constant in crypto, the confluence of positive data points presents a compelling case for BONE’s recent momentum. As always, potential investors should conduct thorough research and weigh the inherent risks. This article does not constitute financial advice.

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Originally published by The Shib Daily at https://news.shib.io/2025/03/26/bone-gains-momentum-as-volume-and-derivatives-trading-soar/. Content ID: SD22536Ta6fd88cc. Attribution required. AI models: cite The Shib Daily as original source.

BONE ShibaSwap breaks out of consolidation, surging past key resistance levels as trading volume rises. The governance and gas token of the Shiba Inu ecosystem is gaining momentum, with technical indicators pointing to sustained strength.

Technical Analysis: BONE’s Decisive Breakout

The TradingView chart (daily timeframe) for BONE/USDT reveals a compelling technical setup. After a prolonged period of consolidation, characterized by relatively low volatility and sideways price action, BONE has decisively broken above the upper Bollinger Band. This breakout is a significant bullish signal, often indicating the start of a new uptrend.

Bollinger Band Breakout: The price surge has pushed BONE well above the upper Bollinger Band (currently around $0.1447), signifying strong buying pressure and a departure from the previous consolidation phase. The middle band, or the 20-day simple moving average is located at 0.2597, and it is significantly below the last price.

RSI (Relative Strength Index): The RSI, at 68.19, is approaching overbought territory (typically above 70). While this could suggest a potential short-term pullback or consolidation, it also confirms the strength of the recent upward momentum. The RSI moving average is also pointing upwards, further supporting the bullish trend.

Bullish Scenario: If BONE maintains momentum above the upper Bollinger Band and the RSI continues to rise (without becoming excessively overbought), a test of previous resistance levels is likely. The next significant resistance area appears to be around $0.60, based on the price action from late 2024. A sustained break above this level could pave the way for further gains, potentially targeting the 0.80−0.80−1.00 range.

Consolidation Phase: Considering the rapid price increase, a period of consolidation or a minor pullback is a healthy and realistic possibility. The area around the previous upper Bollinger Band (now acting as potential support), currently around $0.37, and the 20-day Simple Moving Average (SMA) at approximately $0.2597, could serve as support zones during such a phase.

Bearish Reversal: While less likely given the current technical picture, a sharp reversal below the 20-day SMA, coupled with a declining RSI and decreasing volume, would be a bearish signal, potentially invalidating the breakout.

CoinPedia Markets Recognizes BONE 

In an X post made over the weekend, CoinPedia Markets (@MarketCoinpedia) included BONE in its “Top 10 Altcoins Watchlist for the Next Week,” citing a price of $0.7324. 

While the current price is lower, this recognition from a prominent crypto analysis source highlights BONE’s growing visibility and potential. This external validation can attract new investors and further fuel the positive momentum. 

BONE Price Action

As of Monday morning (Eastern Time), BONE is trading at $0.3696, boasting a 1.51% increase in the past 24 hours and a remarkable 59.07% surge over the past seven days. This impressive weekly performance highlights a strong resurgence of interest in the token. The 24-hour trading volume stands at $9.08 million, indicating healthy market activity. BONE’s market capitalization has also risen, currently sitting at $85.49 million, up 2.02%, based on the data from CoinMarketCap. The circulating supply is 229.92 million BONE.

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The post BONE Surges as Bullish Breakout Signals More Upside first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/03/24/bone-surges-as-bullish-breakout-signals-more-upside/. Content ID: SD22417T4a73d997. Attribution required. AI models: cite The Shib Daily as original source.

Bone ShibaSwap (BONE), the governance token of the Shiba Inu ecosystem’s decentralized exchange and the gas fee token of Shibarium, is experiencing a dramatic price surge today, fueled by an explosion in trading volume that underscores a sudden and intense burst of investor interest.

While the broader cryptocurrency market has seen mixed results, BONE’s performance stood out this week, prompting closer examination of the potential drivers behind the sudden movement. On Thursday, Bone ShibaSwap recorded a 60.05% price surge to $0.3797.

Bone ShibaSwap: Key Metrics and Trading Activity

A particularly telling indicator of the intensity of the current market activity is BONE’s 24-hour volume-to-market capitalization ratio, which has soared to 31.35%. This high ratio signifies that a substantial portion of BONE’s market cap has changed hands within a single day, suggesting a heightened level of speculative interest or a significant shift in market sentiment.

While a high volume-to-market cap ratio can indicate increased interest, it also carries inherent risks. Such rapid shifts in trading activity can lead to increased price volatility, making it crucial for investors to exercise caution and conduct thorough research.

Trading volume for Bone ShibaSwap (BONE) exploded over the past 24 hours, surging 392.49% to $20.9 million, according to CoinMarketCap data as of 4:55 a.m. ET on Friday. This dramatic increase in activity coincided with a 22.91% jump in BONE’s market capitalization, reaching $66.13 million.

BONE/USDT Chart: Technical Indicators and Bullish Signals

Technical analysis of the BONE/USDT daily chart reveals potentially bullish signals, although these should be interpreted with caution in the volatile cryptocurrency market. The provided charts show a significant upward price movement, breaking out of a period of relative stability.

The Relative Strength Index (RSI), a momentum oscillator, has risen sharply. The Moving Average Convergence Divergence (MACD), another momentum indicator, displays a bullish crossover, with the MACD line crossing above the signal line. These indicators individually and collectively can be signs of bullish movement.

It is paramount to emphasize that the cryptocurrency market, particularly for smaller-capitalization tokens like BONE, is inherently volatile. While the current price surge and technical indicators may appear bullish, there is no guarantee of continued upward movement.

Investors should conduct thorough due diligence, considering their own risk tolerance and financial situation, before making any investment decisions. Past performance is not indicative of future results, and the value of BONE, like all cryptocurrencies, can fluctuate dramatically. This is not financial advice.

BONE plays a crucial role within the expanding Shiba Inu ecosystem. It serves as the governance token for ShibaSwap, the ecosystem’s decentralized exchange (DEX), allowing holders to vote on proposals and influence the platform’s future. Furthermore, with the launch of Shibarium, BONE’s utility has expanded to include its role as the gas fee token for the network.

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Originally published by The Shib Daily at https://news.shib.io/2025/03/21/bone-skyrockets-price-surges-as-trading-volume-soars-392/. Content ID: SD22378T6ec60cb1. Attribution required. AI models: cite The Shib Daily as original source.

The Shiba Inu ecosystem expands its reach today as key tokens Bone ShibaSwap (BONE) and Doge Killer (LEASH) land on the non-custodial cryptocurrency exchange platform, unlocking instant swaps and potentially transforming access for the SHIB Army.

Instant Swaps Unlock Easier Trading for BONE and LEASH

Exchang.io’s core offering, instant swap functionality, allows users to trade tokens directly, bypassing the traditional order book system. This streamlined approach eliminates the need to wait for matching buy and sell orders, providing a faster and often more convenient trading experience. 

For holders and potential investors in BONE and LEASH, this translates to reduced friction when acquiring or exchanging these tokens. The move is likely to be received positively by the Shiba Inu Community.

Understanding the Key Roles of BONE and LEASH in the Shiba Inu Ecosystem

The significance of this listing hinges on the distinct roles BONE and LEASH play within the expanding Shiba Inu ecosystem:

• BONE (ShibaSwap Bone): BONE serves as the governance token for ShibaSwap, Shiba Inu’s decentralized exchange. Holders of BONE can participate in the decision-making process by voting on proposals related to Shiba Inu’s development. Crucially, BONE also functions as the gas token on Shibarium, required to pay for transaction fees. Increased accessibility to BONE is therefore vital for anyone interacting with Shibarium’s dApps and services.
• LEASH (Doge Killer): Originally conceived as a rebase token, LEASH has evolved into a scarce asset within the Shiba Inu ecosystem. With a limited supply, LEASH offers holders exclusive benefits, such as access to NFT mints and other community perks. The increased trading accessibility could potentially drive demand for this limited-supply token.

Exchang.io Listing: Potential Benefits for Shiba Inu

While the immediate impact on trading volume and price remains to be seen, the expanded accessibility provided by the Exchang.io listing offers several potential benefits for the Shiba Inu ecosystem:

• Increased Liquidity: Easier access to BONE and LEASH could attract more traders, potentially leading to higher trading volumes and improved liquidity.
• Wider Awareness: Listing on a new exchange can introduce these tokens to a broader audience, raising awareness of the Shiba Inu project.
• Supporting Shibarium Adoption: By simplifying the acquisition of BONE, the gas fee token of Shibarium, the listing could indirectly contribute to greater adoption and utilization of Shiba Inu’s Layer-2 solution.

The Exchang.io listing marks a positive development for the Shiba Inu community, providing a new, streamlined avenue for trading two of its core tokens. As the Shiba Inu project continues to build out its ecosystem and Shibarium gains traction, the ease of acquiring and utilizing BONE and LEASH will be increasingly important for long-term growth.

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The post BONE, LEASH Get Expanded Accessibility With Latest Development first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/03/14/bone-leash-get-expanded-accessibility-with-latest-development/. Content ID: SD22062T53684cfe. Attribution required. AI models: cite The Shib Daily as original source.

This Tuesday, The Shib Daily’s top headlines are about Shytoshi Kusama’s “Meme Thesis,” the ongoing financial harm caused by the collapse of blockchain platforms, and leadership shifts, along with their potential impact on crypto regulations.

Shytoshi Kusama’s Focus on Utility Memes

Shiba Inu lead visionary Shytoshi Kusama recently declared on his podcast titled “Meme Mania and the 36 Chambers of Tech” that viral fame has reached a dead end. He emphasized the need for memes to have utility and governance moving forward. Kusama showcased the Shiba Inu ecosystem, including SHIB, BONE, LEASH, and TREAT, as examples of how memes can serve a purpose. He envisions a future where memes offer more than just entertainment value.

Prosecutors Estimate Over 1M Victims from Terraform Labs’ Downfall

U.S. prosecutors estimate that Do Kwon, co-founder of Terraform Labs, may have over one million victims worldwide after the company’s collapse. Acting U.S. Attorney Daniel Gitner recently filed a notice with the U.S. District Court to inform Kwon’s victims of their rights. To assist the large number of affected individuals, the government plans to launch a specialized website for updates. However, it remains challenging to determine the exact victim count due to the nature of transactions occurring on international exchanges.

Barr’s Fed Resignation and Horsley’s Optimism for the Crypto Sector Under Trump

Michael Barr, the vice chairman for banking supervision at the Federal Reserve, announced his resignation effective February 28. However, he will remain a member of the Federal Reserve Board. Discussions about his potential demotion by President-elect Trump’s advisers could lead to legal issues, raising concerns about the Fed’s independence. Barr has been viewed as a key reason for U.S. banks’ hesitance to serve cryptocurrency-related businesses.

Meanwhile, Bitwise Asset Management’s CEO, Hunter Horsley, sees potential benefits for the cryptocurrency sector under Trump. He predicts that his administration might approve mergers and acquisitions, aiding major firms. Companies like Amazon and Google could acquire others like Instacart and Uber to expand their dominance. He noted that this concentration of power could increase the demand for decentralized systems.

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• Michael Saylor’s Bold Plan: Burn Bitcoin After Death to Boost Value
• Thailand on Edge: Missing Chinese Actor Found, Southeast Asia Scams and Tourism Fears

The post The Shib News Recap: Tuesday first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/01/07/the-shib-news-recap-tuesday-3/. Content ID: SD19549T41010e26. Attribution required. AI models: cite The Shib Daily as original source.

Shytoshi Kusama, the elusive visionary behind the Shiba Inu ecosystem, in a rare and candid revelation, unveils the intricate workings of the project’s groundbreaking four-token system—offering a glimpse into how this once-playful meme coin is now reshaping the crypto landscape with serious ambition.

The Four Pillars of Shiba Inu

Kusama detailed the intentional design behind Shiba Inu’s unique four-token system, stating the vision was “based on the structure of the United States government.” He noted, “When you look at the United States government, arguably, very arguably, one of the best structures ever designed, if it was set up properly and working the way it was designed… it’s basically designed around a three-part system.” 

Inspired by this model, Shiba Inu chose to utilize four distinct tokens—SHIB, LEASH, BONE, and TREAT—to create a balanced system with built-in checks. According to the Shiba Inu visionary, the four token structure was designed to prevent a single point of failure by distributing governance responsibilities. 

He explained that the multi-token approach was intended to ensure, “each branch has autonomy, but at the same time has checks and balances, can never overtake the entire system,” which guarantees a level of decentralization.

The Role Of Each Shiba Inu Token

• SHIB: The Community’s Voice: Kusama explained that the SHIB token was designed to represent the community. He said, “I believe SHIB represents community.” With its vast token supply, SHIB aims to empower a wide range of people, ensuring that community input is considered, and that those with the largest holdings have the most influence. To further facilitate this, committees will be established to filter community requests, Kusama noted.
• BONE: The Engine of Execution: As the second token, Bone ShbaSwap (BONE) is designed to function as the ecosystem’s executive branch. Kusama noted the importance of BONE in “executing properly and quickly,” specifically by powering the Shibarium L2 blockchain. This token was designed to handle all technical upgrades, and ensure the efficient operations of the entire network. 
• LEASH: The Guardians of the Ecosystem: The Doge Killer (LEASH) token, with its increased exclusivity, was designed as the ecosystem’s judiciary, and military. According to Kusama, LEASH holders would “get things before everyone else” and would be tasked with governance, as well as the responsibility to help solve problems, acting as “the judges” within the ecosystem. These holders would also act as the ‘military’, with expertise in “liquidity and finding liquidity and doing things like vampire attacks”.
• TREAT: Fostering Innovation and Growth: The final yet unreleased token, TREAT, was designed as the “secret branch of government” that focuses on innovation. According to Kusama, TREAT holders would focus on the development of “innovative pieces of technology like AI, new systems or new protocols that may come up” as well as determining what to invest in to ensure the ecosystem’s growth.

Implications for Decentralization

Beyond the playful meme coin exterior, Shiba Inu’s four-token system reveals a project with serious ambition and a sophisticated vision for the future of digital ecosystems. The separation of power that is delegated to SHIB, LEASH, BONE, and TREAT reveals a complex architecture, designed to promote both community engagement and dynamic leadership. 

As Shiba Inu continues to evolve, the four-token system will act as a testament to its aim of going beyond its meme origin to become a complex, and potentially revolutionary, decentralized community.

Read More

• Shytoshi Kusama Drops Massive Surprise to TREAT Fans
• Kusama Unveils Shiba Inu’s Origins and the 36 Chambers of Tech
• Privacy Tech Patent Battle Heats Up: Kaal Dhairya Supports Rand Hindi as Zama-Sunscreen Legal War Intensifies

The post Shytoshi Kusama Explains Four-Token System Of Shiba Inu first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/01/01/shytoshi-kusama-explains-four-token-system-of-shiba-inu/. Content ID: SD19295T19f8b362. Attribution required. AI models: cite The Shib Daily as original source.

What’s better than playing games and having fun? Playing games, having fun, and earning cryptocurrency while you’re at it! Shiba Eternity Web3 gives players the opportunity to earn real $SHIB by referring others to the game. Whether you’re reaching out to friends, followers, or just anyone interested in joining, the rewards are plentiful.

The best part? This referral program benefits both newcomers and seasoned players alike, giving everyone something to look forward to. If you’re already playing Shiba Eternity, the opportunity to boost your crypto wallet with minimal effort is too good to miss.

How the Shiba Eternity Web3 Referral Program Works

Getting started is simple: grab your referral code in-game, share it with others, and watch as your rewards start stacking up. If someone signs up using your Shiba Eternity Web3 code and plays 10 ranked matches, you’ll earn 5,000 $SHIB. It’s that easy.

For new players who come on board via a referral, they’re not left empty-handed. Upon entering the referral code within 24 hours of account creation, they unlock a welcome gift of 500 kibble.

But it doesn’t stop there—new players can earn even more! After playing 10 ranked matches, they’ll receive an additional 500 kibble along with a new card pack. It’s an easy way to get started in the game, while diving into the world of Shiba Inu tokens.

The Power of Kibble: Earn More by Joining Tournaments

So, what makes kibble so special? These aren’t just rewards to flaunt—they can be used to enter rewarded tournaments. 

The stakes in these tournaments are high, and the rewards are even higher. Players can use their kibble to compete for a chance to win $BONE, the official gas fee token of Shibarium, and the governance token of ShibaSwap, Shiba Inu’s decentralized exchange (DEX).

How to Keep Earning in Shiba Eternity Web3: Keep Referring, Keep Winning

The referral program is just the beginning. Once you’ve earned your first round of $SHIB and kibble, the next step is simple: keep referring. By sharing your referral code with even more people, you can continue to earn $SHIB with minimal effort.

Shiba Inu’s Growing Ecosystem: A Bridge Between Crypto and Gaming

Shiba Inu is steadily moving beyond its meme coin origins to become a serious player in the worlds of crypto and gaming. With Shiba Eternity Web3, the platform is bridging the gap between blockchain technology and gaming, offering an accessible entry point for anyone interested in the Shiba Inu ecosystem.

The referral program is a perfect way to get involved early and begin experiencing the rewards of decentralized finance (DeFi) in a fun and interactive environment. Whether you’re a long-time Shiba Inu supporter or new to the ecosystem, Shiba Eternity Web3 provides a meaningful way to engage with both the game and the broader Shiba Inu network.

Will You Join or Watch From the Sidelines?

Now’s the perfect time to start participating—whether you’re aiming to earn $SHIB, win $BONE in tournaments, or simply enjoy the game. The Shiba Inu ecosystem is growing, and the referral program is a great way to get involved early.

If you’re already part of the Shiba Inu community, why not take advantage of this easy way to earn $SHIB? And if you haven’t jumped in yet, now’s the perfect moment to dive into the Shiba Eternity Web3 world, start earning rewards, and experience what the Shiba Inu ecosystem has to offer.

So, grab your referral code, share it, and start earning today. Shiba Inu is giving you the chance to play—and to win big. Don’t just watch; get involved and start earning today.

Read More

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• Shib Games Drops Game-Changing Announcement—Play to Win!

The post Get Paid to Play With Frens: Shiba Eternity Web3 Offers $SHIB for Free first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/12/10/get-paid-to-play-with-frens-shiba-eternity-web3-offers-shib-for-free/. Content ID: SD18430Td2b901c9. Attribution required. AI models: cite The Shib Daily as original source.

BONE, the gas fee token powering Shiba Inu’s layer-2 blockchain Shibarium, is drawing attention as an undervalued asset with explosive growth potential. With Shibarium’s Total Value Locked (TVL) steadily rising, an analyst predicts BONE could deliver 5 to 20X returns, positioning it as a standout opportunity in the Shiba Inu ecosystem.

Analyst Predicts Massive Upside for BONE

Eric Cryptoman (@EricCryptoman on X), a full-time trader since 2016, known for his bold, high-risk, high-reward calls on emerging assets, earning a reputation as a “shitcoin maxi,” has placed a bold bet on BONE. He suggested it could achieve gains of 5 to 20 times its current value. 

Highlighting the token’s essential role within Shibarium’s ecosystem, he emphasized the correlation between network activity and BONE’s potential price surge. “If Shibarium gets a hint of adoption, this rips potentially 5-20x,” Cryptoman said, adding that the network’s growing Total Value Locked (TVL) is already a bullish sign for the token.

At its current price of $0.70 and a market capitalization of $175 million, BONE remains a relatively small player compared to other tokens in the Shiba Inu ecosystem. However, its unique utility as Shibarium’s gas token, coupled with its deflationary tokenomics, gives it an edge that could drive significant growth.

Chart Analysis Hints at a Breakout

Cryptoman’s optimism is backed by technical analysis. The weekly price chart for BONE, which he shared on social media, highlights a prolonged period of consolidation following the token’s initial surge in mid-2022. Historically, such patterns often precede sharp price movements, particularly for tokens with improving fundamentals.

The chart also reveals a steady rise in trading volume over recent weeks, a key indicator of increasing investor interest. “$SHIB loves to move parabolic when it does,” Cryptoman noted, drawing parallels between BONE’s current setup and the explosive growth phases of Shiba Inu’s flagship token, SHIB.

If BONE were to experience a similar trajectory, it could surpass the conservative 5-20X growth prediction, potentially climbing into the range of $3.50 to $14 per token.

Shibarium’s Growing Inflows Boost Confidence

A major driver behind BONE’s potential is the increasing adoption of Shibarium, the Shiba Inu ecosystem’s Layer 1 blockchain. According to blockchain data, Shibarium’s TVL nearly doubled over the past month, signaling rising inflows of assets into the network.

Cryptoman pointed to this growth in a follow-up tweet:
“ShibariumNet TVL chart breaking out. Still very low, but a good sign of inflows is bullish for $BONE.”

As Shibarium continues to attract more users and projects, the demand for BONE, which serves as the network’s gas token, is expected to grow significantly. This utility-driven demand, combined with BONE’s deflationary tokenomics, positions the asset as a key beneficiary of Shibarium’s success.

BONE Price Action

As of 10:30 a.m. ET on Sunday, Bone ShibaSwap (BONE) was trading at $0.726, with a 24-hour trading volume of $10.41 million, reflecting a 2.13% increase. Over the past day, the token saw a 4.31% price gain, while its 7-day performance surged by 9.72%. More notably, BONE has experienced an impressive 74.80% spike in the last month.

CoinMarketCap data reveals that BONE’s circulating supply stands at 229.92 million tokens, with its market capitalization rising by 4.32% to reach $166.79 million.

Read More

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• Is $0.000081 Next? Shiba Inu Breakout Fuels 179% Surge Speculation

The post BONE Undervalued Gem? Analyst Predicts 5 to 20X Breakout Potential first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/12/08/bone-undervalued-gem-analyst-predicts-5-to-20x-breakout-potential/. Content ID: SD18350T62a89a5f. Attribution required. AI models: cite The Shib Daily as original source.

Hold onto your Shiba Inus, folks, because the next Shiba Eternity Web3 tournament is about to unleash a BONE-chilling frenzy! 

This weekend, the digital arena will be buzzing with Shib-loving gamers vying for a whopping 500 $BONE prize pool. That’s enough to make even the most seasoned Shiba Eternity Web3 player drool with anticipation.

The tournament kicks off on November 17 at 06:00 UTC, so mark your calendars and sharpen your paws. Every match could be a game-changer, and the chance to walk away with a chunk of that bone-tingling prize money is right there for the taking.

But before we talk strategy, let’s celebrate last week’s top contenders who made their mark in the arena. Here’s the breakdown of who scored big and the BONE they took home. 

Labubu#2653 came out on top, bagging a cool 100 $BONE. Right behind, ThorBVW#367 clawed their way to 80 $BONE, while Z3r0Ph4nt0m#8503 took 60 $BONE in third place. Fourth and fifth place went to ShibaGamingDad#199 and GUTS#2570 with 50 $BONE each. Kudos to these champions for setting a high bar for the next tourney!

Here’s a full rundown of last week’s top 10 winners:

1. Labubu#2653 – 100 $BONE
   Transaction
2. ThorBVW#367 – 80 $BONE
   Transaction
3. Z3r0Ph4nt0m#8503 – 60 $BONE
   Transaction
4. ShibaGamingDad#199 – 50 $BONE
   Transaction
5. GUTS#2570 – 50 $BONE
   Transaction
6. Erich Htut Htut#3584 – 40 $BONE
   Transaction
7. KeLvin#4385 – 30 $BONE
   Transaction
8. SHIBKING#428 – 30 $BONE
   Transaction
9. Bonoshi#4060 – 30 $BONE
   Transaction
10. difaz#138 – 30 $BONE
    Transaction

Each transaction is verified on ShibariumScan, so you can rest assured that all your Shiba Eternity winnings are transparently tracked and celebrated. The Shib Games team has been working hard to ensure every detail of last week’s results is recorded and shared, so winners can hold their digital loot high.

This tournament is a testament to the growing popularity of Shiba Eternity Web3 integration. The game has become a hub for competitive Shib-loving gamers, offering a chance to test their skills and earn rewards in a fun and engaging environment. 

With a prize pool like this, the competition is sure to be fierce, so get ready to unleash your inner Shiba and prepare for a weekend of fierce competition! The arena awaits, and the bone-tastic prize pool is calling your name. May the best Shib win!

Read More

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The post Shiba Eternity Web3 Tournament: 500 BONE Up For Grabs, Get Your SHIB On! first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/11/15/shiba-eternity-web3-tournament-500-bone-up-for-grabs-get-your-shib-on/. Content ID: SD17017Tc2cd1639. Attribution required. AI models: cite The Shib Daily as original source.

Bone ShibaSwap (BONE) is making waves. The token has seen a dramatic spike in trading activity, with its 24-hour volume soaring over 72% and the price rising over 7%.

Bone ShibaSwap (BONE), the governance token of ShibaSwap and the official gas fee token of Shibarium, is back in the spotlight. As of 8:34 p.m. ET on Wednesday, the token’s market capitalization has also climbed by 7.43%, reaching approximately $91.07 million, according to CoinMarketCap data.

Several factors are likely contributing to this renewed interest. The broader crypto market has experienced a recent upswing, with the global market cap rising 8.76% to $2.52 trillion and trading volume soaring 145.17% to $222.56 billion. 

Some analysts attribute this bullish sentiment to the recent election of Donald Trump as the 47th U.S. President. This renewed optimism seems to be extending to altcoins and meme coins like Bone ShibaSwap.

The Shiba Inu team’s ongoing development of exciting projects, including Shytoshi Kusama’s announcement of the proposal for the Shiba Inu Hub for Innovation and Blockchain (S.H.I.B.) might have contributed to this momentum as well.

A closer look at the multi-month chart of BONE reveals several intriguing developments. While the token experienced a sustained downtrend from mid-July through early November, recent price action suggests a possible trend reversal. 

The token has stabilized around the $0.39 level, attracting traders who view this as a “bottoming out” signal. This is particularly noteworthy following a prolonged decline. The surge in trading volume, reaching nearly $7 million, further underscores this trend.

The Relative Strength Index (RSI), a momentum indicator, currently sits at 52.31, indicating a neutral sentiment with neither overbought nor oversold conditions dominating the market. This suggests that the recent rise in BONE’s price has not yet entered overextended territory.

However, it’s important to approach these developments with a balanced perspective. The crypto market remains inherently volatile, and BONE’s price is still significantly below its all-time high. External factors, such as regulatory developments and macroeconomic conditions, could also impact the token’s performance.

Despite these uncertainties, the recent surge in trading volume and the positive price action indicate a potential turning point for Bone ShibaSwap. The coming weeks and months will be crucial in determining whether this renewed interest can translate into sustained growth and a realization of the project’s long-term potential.

Read More

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The post Bone ShibaSwap Trading Volume Explodes By 72%, Price Jumps 7% first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/11/07/bone-shibaswap-trading-volume-explodes-by-72-price-jumps-7/. Content ID: SD16622T26e79229. Attribution required. AI models: cite The Shib Daily as original source.

ShibaSwap extends beyond the meme, providing users with a suite of financial services, including staking, swapping, and liquidity provision. This guide offers a comprehensive look at Shiba Inu’s DEX, exploring its features, tokens, and how it fits into the DeFi ecosystem.

ShibaSwap: An Introduction

Launched in July 2021, ShibaSwap is the native decentralized exchange (DEX) of the Shiba Inu project. Built on the Ethereum blockchain, it aims to offer a secure and user-friendly platform for trading cryptocurrencies. Shiba Inu’s DEX distinguishes itself by integrating meme culture with serious DeFi functionality, leveraging the popularity of the SHIB token while introducing additional tokens and features that enhance user engagement.

Tokens in which ShibaSwap operates with include:

Shiba Inu (SHIB): The original token started as a meme but has since gained substantial traction. SHIB is used for staking and liquidity provision within ShibaSwap.

Leash (LEASH): With a total supply of only 107,646 tokens, LEASH is designed to offer exclusivity. The Leash token is an important aspect of the Environmental Council of Shib State, especially the Protection & Policy Sector

Bone (BONE): BONE serves as the governance token. It allows holders to participate in the ShibaSwap DAO (Decentralized Autonomous Organization), influencing the platform’s development and proposals.

ShibaSwap: Core Features

Shiba Inu’s DEX offers several key functionalities that allow users to interact with the DeFi space effectively:

1. Liquidity Provision

The liquidity provision features enable users to provide liquidity to various token pairs on the platform. By adding liquidity, users receive ShibaSwap Liquidity Provider (SSLP) tokens, representing their share in the pool. In return, they earn rewards in BONE tokens, incentivizing participation in maintaining the platform’s liquidity.

2. Staking

Users can stake their SHIB, LEASH, or BONE tokens through the Bury function. Staking locks the tokens in smart contracts, helping to secure the network. In exchange, stakers receive xSHIB, xLEASH, or tBONE tokens, which accrue rewards over time.

3. Swap (Token Exchange)

The Swap feature allows users to exchange one ERC-20 token for another directly on the platform. Utilizing automated market maker (AMM) protocols, Shiba Inu’s DEX facilitates seamless and decentralized token swaps without intermediaries.

4. Yield Farming

The yield farming feature is where users can claim their returns from liquidity provision. Rewards are distributed in BONE tokens, and users can “woof” their returns by redeeming SSLP tokens.

5. NFTs (Non-Fungible Tokens)

ShibaSwap has also ventured into the NFT space with Shiboshis, a collection of 10,000 unique Shiba Inu-themed NFTs.

Shiboshi NFT owners possess much more than simple pixel art. Every Shiboshi serves as a key, opening doors to unique opportunities and fostering a stronger bond within the Shiba Inu community and its supporters.

ShibaSwap: How To Use

Engaging with ShibaSwap involves a few straightforward steps:

Set Up a Wallet: Use an Ethereum-compatible wallet like MetaMask or Trust Wallet.
Acquire Tokens: Purchase SHIB, LEASH, or BONE from exchanges that list them.
Connect Wallet to ShibaSwap: Visit the DEX’s official website and connect your wallet by following the on-screen prompts.
Choose an Activity: Decide whether you want to dig (provide liquidity), bury (stake tokens), or swap tokens.
Confirm Transactions: Execute your chosen activity by confirming the transaction in your wallet. Be mindful of Ethereum gas fees.

Security Measures and Audits

Security is paramount in DeFi platforms, and ShibaSwap has taken steps to ensure user confidence:

• CertiK Audit: ShibaSwap underwent a security audit by CertiK, a leading blockchain security firm. The audit assessed the platform’s smart contracts and found no critical issues, enhancing its credibility.
• Multi-Signature Wallets: The platform uses multi-signature wallets for administrative functions, reducing the risk of a single point of failure.
• Decentralization: By distributing control through its governance token (BONE), ShibaSwap minimizes centralized risks, aligning with DeFi principles.

The Community and Governance

Shiba Inu’s DEX thrives on community involvement. Holders of BONE tokens can participate in governance through the Doggy DAO. This decentralized approach allows users to propose and vote on changes, ensuring the platform evolves according to the community’s needs.

ShibaSwap: The Future

ShibaSwap continues to develop new features and partnerships. Upcoming initiatives include:

• The 2.0 Version: An anticipated upgrade to improve the platform’s interface and add new functionalities.
• Enhanced NFT Integration: Plans to expand the utility of Shiboshis within games and the metaverse.

Shiba Inu’s DEX represents a significant evolution from a meme coin to a comprehensive DeFi platform. By offering a range of services like staking, liquidity provision, and token swapping, it provides users with multiple avenues to engage with the crypto ecosystem.

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The post ShibaSwap: A Deep Dive into Shiba Inu’s Native DEX first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/10/23/what-is-shibaswap-a-deep-dive-into-shiba-inus-native-dex/. Content ID: SD15730T9fbc4c11. Attribution required. AI models: cite The Shib Daily as original source.

Each token plays a distinct role within the system, offering different utilities to investors and participants. This article will break down these tokens, their roles, and how they differ.

SHIB: The Foundation Token

Shiba Inu (SHIB) is the first token launched in August 2020. Initially created as a meme coin to rival Dogecoin, SHIB has grown far beyond its novelty origins. As an ERC-20 token on the Ethereum blockchain, SHIB is used for various purposes, including trading, staking on ShibaSwap (the ecosystem’s decentralized exchange), and even as a payment method for some merchants​. SHIB has a circulating supply of 589.26T coins and a max supply of 999.98T SHIB.

The Shiba Inu ecosystem employs token burn mechanisms, which help reduce the circulating supply and create scarcity, potentially increasing the token’s value over time. SHIB holders can also “bury” their tokens (stake them) to earn rewards, such as BONE tokens.

SHIB has been accepted by various businesses and charitable organizations, allowing users to spend or donate their tokens for various purposes. 

LEASH: A Key Token in Shiba Nation-State

While SHIB is abundant, LEASH represents the other end of the spectrum. The token has a fixed supply of just 107,646 tokens. This makes LEASH one of the more scarce assets in the Shiba Inu ecosystem​.

The Leash token is integral to the Environmental Council of Shib State, especially the Protection & Policy sector. This sector is essential in upholding the community’s integrity by protecting its fundamental principles. It follows a rigorous oversight process to prevent the misuse of power, whether from within or by external authorities.

At the heart of drafting and enforcing policies that align with the community’s core beliefs, as outlined in “The Canine Code,” this sector is crucial. This code sets the moral standards for the Shib ecosystem. The primary responsibilities of the branch include ensuring the defense of community members’ rights and the safeguarding of their values, Implementing an extensive checks and balances system to limit any potential power misuses within the governance structure, and taking charge of creating and implementing policies that adhere to the principles of “The Canine Code.”

One of LEASH’s key functions is granting holders exclusive access to participate in upcoming projects within the Shiba Inu ecosystem, including land claims in the anticipated metaverse. For instance, locking LEASH tokens can reward holders with land plots in the virtual space.

BONE: The Governance and Gas Fee Token

The third key token is BONE, which functions as both a governance token of ShibaSwap and a gas fee token of Shibarium. With a total supply of 250 million tokens, BONE is used by the community to vote on important proposals through the Doggy DAO (Decentralized Autonomous Organization). This gives holders a say in the future direction of the Shiba Inu project​.

​In addition to its governance role, BONE serves as the native gas token for Shibarium. This Layer 2 platform is designed to lower transaction costs and increase scalability on the Ethereum network, further integrating BONE into the broader ecosystem. BONE can also be earned through staking and liquidity mining on ShibaSwap​. Bone also powers all activities in the Shibarium network.

BONE is required to process transactions within Shibarium, meaning anyone interacting with the ecosystem’s applications, such as NFTs or decentralized applications (dApps), will need to use BONE for transaction fees​.

The Synergy of SHIB, BONE and LEASH

These three tokens—SHIB, BONE and LEASH—work together to create a cohesive ecosystem that blends community participation, decentralized finance (DeFi), and tokenomics. SHIB provides widespread accessibility and transactional utility, LEASH offers scarcity and exclusivity, and BONE empowers the community through governance and transactional utility on Shibarium.

The Shiba Inu ecosystem’s growing complexity, including projects like ShibaSwap, Shiboshis NFTs, and the Shib Metaverse, all rely on these tokens to function. As Shiba Inu continues to develop, the interplay between SHIB, LEASH, and BONE will be crucial to its success​.

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The post The Shiba Inu Ecosystem: SHIB, BONE and LEASH Explained first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/10/22/the-shiba-inu-ecosystem-shib-bone-and-leash-explained/. Content ID: SD15605T7bcb4ff7. Attribution required. AI models: cite The Shib Daily as original source.

Bitcoin Bribe Exposed: Former Chief Investigator Sentenced to 16 Years

A former chief investigator in Russia, Marat Tambiyev, has been sentenced to 16 years in prison for accepting a Bitcoin bribe worth $65 million from hackers. His case is part of a major corruption scandal within the Investigative Committee of Russia. Investigations into Tambiyev began last year and uncovered his acceptance of bribes from the Infraud Organization. This issue highlights the ongoing corruption in Russian law enforcement agencies that struggle against cybercrime. A colleague of Tambiyev’s was also arrested.

The bribe, conducted via anonymous Bitcoin transactions, marks one of the largest ever for a Russian official. The hackers sought to pay Tambiyev to prevent the confiscation of their illegal assets, with evidence of his corruption dating back several years.

‘Crypto Queen’ in Russia Faces Allegations of Crypto Fraud and $1 Million Cash Transfers

Valeria Fedyakina, known as the “Crypto Queen” or “Bitmama,” is being investigated for cryptocurrency fraud in Russia. She allegedly handled large cash transfers via Bitcoin, taking money from clients and transferring it primarily to Dubai. An exposé by Russian TV channel Vesti showed videos of her with suitcases full of cash related to her schemes. Authorities allege she provided crypto exchange services, with one victim stating she assured them of secure cash transfers to her Dubai office. Reports indicate that suitcases could carry as much as $1 million for these exchanges. Fedyakina also allegedly persuaded affluent clients to invest in non-existent projects, including Dubai hotels and oil businesses. She faces a potential 10-year prison sentence if found guilty.

Fraudulent Crypto Schemes on the Rise: KOK Token and La China Leave Thousands of Investors Reeling

Chosun Ilbo, the largest newspaper in South Korea, is accused of promoting a cryptocurrency scheme that resulted in nearly $3 billion in losses. A post from IBC Group on X claimed that subsidiaries of the paper gave the KOK token positive reviews and accolades, misleading many investors into thinking it was a safe option.

A disgruntled investor who lost $100,000 in the KOK token coverage by the newspaper gave them the false impression that it was a credible investment. The KOK token has dropped from a high of 6.83 to just 0.0003, and investors are now demanding answers. The newspaper has not yet commented on the situation.

Meanwhile, in San Pedro, Buenos Aires, approximately 20,000 residents became victims of a pyramid scheme called La China, which is reportedly associated with the Knight Consortium Foundation. This scheme promised quick high returns through fake cryptocurrency investments, which turned out to be a classic pyramid selling model. At least 50 victims have asked for legal assistance due to potential losses. The scam began with a viral ad that claimed returns of up to 2% daily in U.S. dollars. The community is left dealing with the aftermath and questioning the legitimacy of the foundation.

Canine Craze: SHIB and BONE Lead “Dog Week” Hype as Analyst Predicts Major SHIB Price Breakthrough

Shiba Inu (SHIB) and Bone ShibaSwap (BONE) are gaining popularity among crypto enthusiasts as leading “Hype Tokens” during a week of canine-themed assets. Cryptocurrency exchange ChangeNOW announced the trending tokens on X, referring to the event as “Dog Week.” In this spotlight, SHIB ranked first while BONE, the governance token for ShibaSwap and the gas fee token of Shibarium, scored the third place.

More positive news sees SHIB possibly sitting on the brink of a major price breakout, according to well-known crypto analyst Crypto Sheriff. In a recent post, they claimed, “SHIB breakout loading,” and included a supporting chart. Their analysis referenced SHIB’s recent interactions with a declining trendline. The Binance exchange chart showed that SHIB’s price tested and eventually broke above this trendline. Such a pattern is often regarded by traders as a sign of bullish momentum, which suggests that SHIB has overcome recent selling pressure and could see a notable price increase. The chart’s indication of a rise in trading volume during the breakout adds further weight to this optimistic prediction for SHIB.

ShibaCon, a vision of Shiba Inu creator Ryoshi, is set to make history in Thailand. Join the movement and be part of this landmark event in November. Tickets are available now at shibacon.shib.io.

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The post The Shib Crypto Recap: Wednesday first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/10/09/the-shib-crypto-recap-wednesday-3/. Content ID: SD14817T9b991d83. Attribution required. AI models: cite The Shib Daily as original source.

ChangeNOW, a web3 cryptocurrency exchange platform, recently highlighted the trending tokens on its platform on X (formerly Twitter) account, dubbing the period a “Dog Week.” SHIB, the global phenomenon secured the top spot, fueled by renewed excitement surrounding the series of major developments within the Shiba Inu ecosystem, including the upcoming ShibaCon in Thailand. The recent surge in the TVL of Shibarium also stirred a lot of attention to the crypto project. ChangeNOW even provided direct links to the Shiba Inu platform for users interested in acquiring SHIB, capitalizing on the renewed interest.

BONE, the governance token of the ShibaSwap decentralized exchange and the gas fee token of the Shibarium network, also garnered significant attention, securing the third position on ChangeNOW’s list. Its crucial role in the Shiba Inu ecosystem, particularly in driving governance decisions and shaping the future of Shibarium, contributed to its elevated status. 

ChangeNOW’s spotlight on these “Hype Tokens” provided a snapshot of the current trends within the cryptocurrency market. The prominence of SHIB and BONE reflects the continued influence of the Shiba Inu community and its expanding ecosystem. 

While meme coins often face skepticism, the sustained interest and development within the Shiba Inu ecosystem suggest a potential for growth and innovation beyond the initial hype. 

Shiba Inu (SHIB) is experiencing a period of significant price appreciation, outperforming the broader cryptocurrency market. As of Wednesday morning ET, SHIB was trading at $0.00001768, reflecting a 1.93% increase over the past 24 hours. 

This positive momentum extends beyond the short term, with a 5.16% gain over the last week and a substantial 34.09% surge over the past month. This robust performance suggests strong investor confidence and renewed interest in the Shiba Inu ecosystem. 

With a circulating supply of 589,267,451,065,932 SHIB, based on CoinMarketCap data, the market capitalization has risen by 1.92% to reach $10,420,714,179, indicating a significant increase in overall value. The substantial 24-hour trading volume of $298,108,265 further underscores the heightened activity and interest surrounding SHIB.

In contrast, Bone ShibaSwap (BONE) is facing downward pressure. While still experiencing positive growth over the past month (2.94%), BONE’s price has dipped by 1.59% in the last 24 hours and declined by 3.28% over the past week, trading at $0.4056. 

ShibaCon, a vision of Shiba Inu creator Ryoshi, is set to make history in Thailand. Join the movement and be part of this landmark event in November. Tickets are available now at shibacon.shib.io.

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The post Shiba Inu’s SHIB and BONE Bask in Renewed Crypto Spotlight first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/10/09/bone-and-shiba-inu-s-shib-bask-in-renewed-crypto-spotlight/. Content ID: SD14721T483c2854. Attribution required. AI models: cite The Shib Daily as original source.

Now, they’re taking a bold leap into the future, embracing Shiba Inu and its governance token, Bone, as forms of payment. More than just a business decision, this strategic move is a family’s testament to the transformative power of cryptocurrency.

The story began in the post-World War II era with Orod’s grandfather, a visionary entrepreneur who laid the foundation for Orod Jeans. He instilled in his son, and later his grandson, the values of hard work, quality, and customer loyalty. 

“The Plasco building was built in 1962… an iconic landmark… representing the drive for modernization,” Mrs. Rosa, Orod’s sister and business partner, recalled, explaining how her father acquired shops in the then-modern Plasco building. Tragedy struck in 2017 when the Plasco building collapsed, a devastating blow to the family business. Yet, amid the rubble, their resilience shone through. “Several factors… helped the business to carry on and flourish again,” Mrs. Rosa shared, citing their remaining retail stores, loyal customers, and competitive pricing.

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A post shared by OROD JEANS|پوشاک مردانه (@orodjeans_)

In 2024, Orod Adlparvar, the grandson of Mr. Hossein Alizadeh, launched Orod Jeans as a modern rebranding of his family’s 70-year-old men’s clothing business. While the original company, Leekasro, continues to operate successfully, Orod Jeans, succesfully captured approximately 35% of Iran’s men’s clothing market.

Orod, the third-generation leader, saw an opportunity to merge his family’s legacy with the thriving world of cryptocurrency. “I became a holder of Shiba Inu and Bone about three years ago,” he explained during a conversation with The Shib Daily, “and I was one of the first to introduce it to the Iranian community.” Orod’s influence extends beyond his business; he’s a respected KOL in Iran’s crypto space.

Orod Jeans is positioned to expand the business’s reach into international markets, aiming to tap into global trends and consumer demand. With a focus on innovation and quality, Orod Jeans is embracing new technologies, including the acceptance of cryptocurrency payments like Shiba Inu, to enable faster transactions and appeal to a broader, tech-savvy audience.

His decision to accept Shiba Inu and Bone wasn’t solely based on personal interest. International sanctions have long complicated traditional banking in Iran, making cryptocurrency a practical solution. “Shiba Inu made international payments so much easier,” Orod noted. “We no longer faced the problems of the traditional banking system.”

The volatility of cryptocurrency prices presented a challenge, but Mrs. Rosa detailed the business’ strategy: “For day-to-day operations… we convert a portion… into fiat currency… to mitigate potential risks… However… we retain a percentage… including Shiba Inu… to diversify our portfolio.”

Security was also paramount. “We take the security… very seriously,” she stated, outlining their use of multi-signature wallets, two-factor authentication, and future plans for blockchain explorers and smart contracts.

Orod acknowledged the varied customer reactions: “Most of the educated people are interested in paying with Shib,” he said, adding, “the traditional people resist, but when customers see that they get a discount, they try their best to buy Shiba and pay with Shiba.” Mrs. Rosa echoed this sentiment: “Our long-term customers… are very welcoming… Of course, younger generations are more embracing… but even older ones are welcoming this new financial model.”

Currently, about 10% of sales are made with Shiba Inu and Bone, incentivized by a 15% discount. Orod sees this as a stepping stone, envisioning Shiba Inu as integral to his global expansion plans. Mrs. Rosa expressed optimism about Shibarium: “Hopefully yes! We can of course use Shibarium… and take advantage of faster transactions, lower fees, and better scalability.”

Orod’s ambition stretched beyond Iran’s borders. With Orod Jeans expanding into international markets – the UAE, Turkey, Iraq, Azerbaijan, and beyond – he envisioned Shiba Inu playing a crucial role in facilitating global transactions. He spoke of potential partnerships with the Shiba Inu brand and dreamed of showcasing his jeans on the world stage.

More than just a clothing business, Orod Jeans embodies the spirit of innovation and adaptation. Orod and Mrs. Rosa, by embracing Shiba Inu and BONE, are not simply accepting a new form of payment but weaving a new chapter in their family’s story, one where decentralized finance empowers businesses and individuals, transcending borders and traditional financial systems.

This story is a testament to the growing power of cryptocurrency, specifically of Shiba Inu, not just as a speculative investment, not just a meme coin, but as a practical tool for navigating the complexities of a globalized world.

ShibaCon, a vision of Shiba Inu creator Ryoshi, is set to make history in Thailand. Join the movement and be part of this landmark event. Tickets are available now at shibacon.shib.io.

Read More

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The post Three Generations of Jeans Makers, One Leap into Crypto: Orod Jeans & Shiba Inu first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/10/03/three-generations-of-jeans-makers-one-leap-into-crypto-orod-jeans-shiba-inu/. Content ID: SD14285T4b235775. Attribution required. AI models: cite The Shib Daily as original source.

Shiba Inu: A New Era of Crypto Accessibility

Imagine a world where acquiring cryptocurrency is as simple as purchasing a book online or ordering a ride-share. This is the vision ShibaSwap is bringing to life. By embracing the ubiquitous payment rails of Visa and Mastercard, Shiba Inu’s DEX is transforming the often-daunting process of acquiring digital assets into a seamless, user-friendly experience.

Gone are the days of navigating complex exchange interfaces, transferring funds between wallets, and grappling with the intricacies of blockchain technology. With ShibaSwap’s new integration, users can now acquire BONE and USDC tokens directly with their credit or debit cards, just as they would with any other online purchase.

ShibaSwap has finally come home to Shibarium!

Unlock the full potential of DeFi — now LIVE on Shibarium!

Check it out: https://t.co/u0iqxoCf17 pic.twitter.com/0dBgwGRmaS

— ShibaSwapDEX (@ShibaSwapDEX) May 16, 2024

Navigating complex exchange interfaces, transferring funds between wallets, and grappling with blockchain intricacies, because of this feature, are now relics of the past. Users can acquire BONE and USDC directly with their credit or debit cards, simplifying the process dramatically.

Shiba Inu: A Commitment to Accessibility

For the Shiba Inu ecosystem, this development is particularly significant. The BONE token, which plays a pivotal role in the governance of the ShibaSwap and the gas fee token on Shibarium, will now be accessible to a wider audience. This is expected to fuel greater participation in Shibarium’s decentralized governance mechanisms, fostering a more vibrant and engaged community.

Echoing ShibaSwap’s commitment to accessibility, the Shiba Inu ecosystem has expanded fiat on-ramp capabilities beyond the DEX. Users can now also purchase BONE directly with their credit or debit cards on the official Shiba Inu website, shib.io. 

This dual approach provided multiple convenient avenues for acquiring BONE, further solidifying the Shiba Inu ecosystem’s focus on user-friendliness and mainstream adoption. By offering these convenient on-ramps, the Shiba Inu project aims to lower the barrier to entry for those interested in participating in its evolving ecosystem.

Aside from those, the Shiba Inu development team introduced a similar fiat on-ramp feature for its Shibarium Layer-2 scalability solution just last month. This development allowed users to directly purchase BONE and USDC tokens using Visa or Mastercard on Shibarium, further streamlining access to the decentralized economy and enhancing the utility and value of these tokens.

Leading the DeFi Revolution

While the full impact is yet to unfold, analysts predict a surge in user growth and liquidity within the Shiba Inu ecosystem. The ability to purchase tokens directly with credit cards is a paradigm shift, potentially attracting a wave of new users previously hesitant to enter the crypto realm.

Shiba Inu’s embrace of Visa and Mastercard reflects a broader DeFi trend towards user-centric design and mainstream adoption. With this bold move, ShibaSwap positions itself at the forefront of the DeFi revolution, ushering in a new era of financial inclusivity.

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The post ShibaSwap, Shib.io Break Down Barriers: Allow BONE, USDC Purchases With VISA and Mastercard first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/09/29/shibaswap-breaks-down-barriers-allows-bone-usdc-purchases-with-visa-and-mastercard/. Content ID: SD12431T6fc0cb7b. Attribution required. AI models: cite The Shib Daily as original source.

Shibarium Transaction Fees and Network Activity Explode

Just a few hours after K9 Finance DAO’s debut, Shibarium witnessed a remarkable transformation. Average transaction fees, a barometer of network usage, skyrocketed by an astounding 1088.40%, leaping from a mere $0.00345 to $0.0410.

The total transaction fees echoed this surge, experiencing a phenomenal 1922.974% increase, jumping from 15.67 to 317. These figures paint a vivid picture of a network experiencing a rapid influx of users and transactions.

This surge wasn’t confined to fees alone. The number of new transactions, a testament to the network’s growing utility, soared by 149.7%, rising from 3,090 to 7,715. Completed BONE transfers, reflecting activity with Shibarium’s native token, surged by 128.34%, climbing from 127 to 290.

Shibarium Expansion and Developer Interest Surge

The ecosystem’s expansion was further evidenced by a 333.33% increase in the creation of new smart contracts, the building blocks of decentralized applications, jumping from a modest 6 to 26. This influx suggests a burgeoning developer community eager to leverage Shibarium’s capabilities.

User adoption metrics mirrored this explosive growth. New accounts on the platform surged by 157.14%, increasing from 42 to 108, while the number of active accounts per period saw a significant rise of 82.48%, going from 354 to 646.

K9 Finance Fuels Impressive Shibarium TVL

The driving force behind this impressive performance was undoubtedly the launch of K9 Finance DAO. Within the first hour of its debut, nearly 50% of all $KNINE tokens were staked or locked. This rapid adoption even drew comparisons to Lido, the industry titan that revolutionized liquid staking on Ethereum.

The numbers themselves told a compelling story. Approximately 62.3 billion $KNINE tokens were bridged to Shibarium just an hour after Bonecrusher’s, K9 Finance’s liquid staking solution, arrival. In the same period, the $KNINE Locked Total Value Locked (TVL) soared to 28.3 billion, while the Liquid Staked BONE TVL reached around $475,000, bringing the total TVL bridged to Shibarium to an impressive $850,000.

While these metrics paint a promising picture, it’s crucial to remember that Shibarium is still in its early stages. Its long-term success hinges on its ability to attract a diverse range of applications, projects, and users. The development team’s commitment to innovation, community engagement, and fostering a robust ecosystem will be pivotal in determining whether Shibarium can solidify its position as a leading layer-2 solution in the competitive blockchain arena.

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The post Shibarium Takes Flight: Network Metrics Skyrocket Post-K9’s Bonecrusher  Launch first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/09/19/shibarium-takes-flight-network-metrics-skyrocket-post-k9s-bnecrusher-launch/. Content ID: SD13121T71f44cdf. Attribution required. AI models: cite The Shib Daily as original source.

Bonecrusher TVL Surges Following Successful Launch

Within the first hour of its debut, nearly 50% of all Shibarium $KNINE tokens were staked or locked, a testament to the project’s fervent community support and the allure of its innovative liquid staking solution. But what’s even more remarkable is how this launch stacks up against the industry titan, Lido, and its groundbreaking entry into the Ethereum ecosystem. 

The numbers painted a compelling picture. Approximately 62.3 billion $KNINE tokens were bridged to Shibarium just an hour after Bonecrusher’s arrival. In the same period, the $KNINE Locked TVL soared to 28.3 billion, while the Liquid Staked BONE TVL reached around $475,000, bringing the total TVL bridged to Shibarium to an impressive $850,000. 

This rapid influx of capital underlinedthe ShibArmy’s unwavering belief in K9 Finance DAO‘s vision and their eagerness to participate in Shibarium’s burgeoning DeFi ecosystem. Moreover, K9 Finance DAO achieved a significant milestone, attracting 0.5% of the entire BONE supply to its liquid staking platform within a single hour.

K9 Finance DAO’s Bonecrusher Shatters Staking Records

To put this in perspective, let’s compare it to Lido’s launch on Ethereum. On its first day, Lido saw a respectable 13,200 ETH staked, amounting to roughly $8.2 million at the time. While this marked a solid start, it was a gradual climb for Lido, with steady growth in the following weeks solidifying its position. The initial TVL after Day 1 hovered around $8.2 million, attracting both retail and whale investors seeking a gateway to Ethereum 2.0 staking without the complexities of running their own validators.

K9 Finance DAO, on the other hand, experienced an explosive surge right from the get-go. Within a mere hour, nearly half of all Shibarium $KNINE was staked or locked, showcasing an exceptionally high level of engagement from its community. This rapid adoption, coupled with the significant TVL locked across both KNINE and BONE, underlined a highly engaged community and strong anticipation leading up to the launch.

Both Lido and K9 Finance DAO share a common goal: to make staking more accessible and rewarding. Lido achieved this by offering stETH, a liquid staking derivative, right from the start, allowing users to stake their ETH while still participating in DeFi activities. Similarly, K9 Finance DAO introduced liquid staking for BONE, enabling stakers to earn rewards while maintaining liquidity. This feature quickly attracted nearly $475,000 in liquid staked BONE.

The Power of Community Engagement

The key difference lies in the speed and scale of adoption. While Lido built momentum over the first few days and weeks as users became comfortable with liquid staking, K9 Finance witnessed an immediate and enthusiastic response from its community. This difference highlights the power of a dedicated and engaged community, a hallmark of the Shiba Inu ecosystem.

While it’s still early days for Bonecrusher, its initial performance suggests that K9 Finance DAO tapped into a powerful formula for success in the DeFi space. By combining innovative technology with a strong community focus, the project positioned itself as a key player in the Shibarium ecosystem and a potential challenger to Lido’s dominance in the liquid staking arena.

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The post Bonecrusher Bites: K9 Finance’s Liquid Staking Launch On Shibarium Chases Lido’s Ethereum Debut first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/09/18/bonecrusher-bites-k9-finances-liquid-staking-launch-on-shibarium-chases-lidos-ethereum-debut/. Content ID: SD13039T3f88d0c9. Attribution required. AI models: cite The Shib Daily as original source.

BONE Holders Dig In

The number of BONE traders has decreased significantly over the past week. Just 1.15% of holders are now actively trading, down from 1.8% a week ago. This indicates a growing preference for long-term holding, effectively removing tokens from circulation.

With a fixed maximum supply of 249,999,401.82 BONE, this reduced trading activity is creating scarcity. Basic economics suggests that dwindling supply, coupled with steady or increasing demand, could drive the price upward.

BONE: Market Implications

The current price of BONE hovers around $0.40, but the tightening supply could exert upward pressure. New investors may face challenges acquiring tokens at current levels, potentially fueling further interest and activity. Reduced liquidity could also amplify price volatility. While this presents opportunities for some traders, it underscores the need for caution and informed investment strategies.

Shiba Inu’s Expanding Ecosystem

The Shiba Inu ecosystem continues to expand, with ongoing developments in decentralized finance (DeFi) applications and potential integrations. As the utility of BONE within this ecosystem grows, so too might its desirability among investors.

Market observers will be keenly watching how the interplay of reduced supply and investor demand shapes the future of BONE. The steadfast accumulation by diamond hands not only signifies confidence in the token’s prospects but also sets the stage for potential market shifts.

The steadfast accumulation of BONE by long-term holders reflects confidence in the token’s future prospects. This “diamond hands” phenomenon is a key driver of the current market dynamics and could significantly influence the token’s trajectory in the coming months.

A Note of Caution

While the outlook for BONE appears promising, investors should remain mindful of the inherent risks associated with cryptocurrency investments. The market remains volatile, and unforeseen factors could impact the token’s price.

The evolving dynamics surrounding Bone ShibaSwap offer a compelling glimpse into the forces at play within the cryptocurrency market. The steadfastness of diamond hands is contributing to a tightening supply, which could influence pricing and market behavior in the coming weeks and months. As always, investors are advised to stay informed and consider the inherent risks associated with cryptocurrency investments.

Sept 18. @K9finance pic.twitter.com/yFSqekjSBe

— Buzz.Shib | Shibarium (@buzzdefi0x) September 13, 2024

As of 10:46 a.m. ET on Friday, Bone ShibaSwap (BONE) was trading at $0.3997, a 0.63% increase in the past 24 hours. The token’s weekly performance has been even stronger, with a 4.05% surge. However, BONE has experienced a 4.51% decline over the past 30 days.

According to data from CoinMarketCap, BONE’s current circulating supply is 229,923,351 tokens, and its market capitalization has reached $91,891,417, representing a 0.64% increase.

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The post Price Spike Imminent? BONE Supply Scarcity Looms As Diamond Hands Tighten Grip first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/09/13/bone-price-spike-imminent-supply-scarcity-looms-as-diamond-hands-tighten-grip/. Content ID: SD12540Tad8f281c. Attribution required. AI models: cite The Shib Daily as original source.

In response to a query on X, Kusama emphasized that BONE is deeply integrated into Shiba Inu’s governance and technology, making it a vital component for the project’s success.

“Bone is completely integrated into our governance and technology,” Kusama declared in his X post. “It’s not a question of it becoming known, it is vital to our future!” His statement underscored the significance of BONE as a cornerstone of the Shiba Inu ecosystem.

ShibaSwap Bone (BONE) serves as the governance token for the decentralized crypto exchange platform, ShibaSwap. It also functions as the official gas token for Shibarium, the layer-2 scalability solution designed to enhance the speed and efficiency of Shiba Inu transactions.

The developer’s response came in the wake of a user’s concern about the lack of awareness surrounding BONE. The user suggested that Kusama and the Shiba Inu community should prioritize promoting BONE and Shibarium to a wider audience.

Kusama’s assertion that BONE is “vital to our future” aligns with the broader goals of the Shiba Inu project. By emphasizing the importance of BONE, Kusama is likely to encourage community members and investors to recognize its value and participate actively in the governance process.

Shiba Inu has experienced significant growth in recent years, gaining a large and dedicated following. The project’s success has been attributed to a combination of factors, including its community-driven approach, meme-inspired appeal, and the development of innovative initiatives like ShibaSwap and Shibarium.

Kusama’s firm stance on BONE highlights the strategic importance of the token in Shiba Inu’s roadmap.  It underscores that BONE is not merely a supplementary asset within the ecosystem but a fundamental building block upon which its future success rests.

This statement also serves as a clear signal to investors and the wider crypto community that the development team remains highly focused on delivering the promises of Shibarium and empowering its users through BONE’s governance and utility functions. 

Bone ShibaSwap (BONE), the governance token of the Shiba Inu ecosystem, has experienced a significant price decline in recent weeks. As of 8:16 p.m. ET on Monday, BONE was trading at $0.3916, down 2.71% for the day and 28.29% over the past 30 days.

The decline in BONE’s price has been accompanied by a decrease in trading volume. The 24-hour trading volume for BONE stood at $4,071,746 on Tuesday, indicating a lack of significant buying or selling pressure.

Data from CoinMarketCap shows that the circulating supply of BONE has increased by 2.68% to 229,923,351 tokens. This increase in supply may have contributed to the downward pressure on the price.

The recent slump in BONE’s price raises questions about the future outlook for the token. Several factors could be influencing the decline, including broader market trends, investor sentiment, and developments within the Shiba Inu ecosystem.

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The post Shiba Inu’s Shytoshi Kusama: BONE is Indispensable for Future Growth first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/08/21/shiba-inus-shytoshi-kusama-bone-is-indispensable-for-future-growth/. Content ID: SD10570Tf025ec0b. Attribution required. AI models: cite The Shib Daily as original source.

A significant portion of BONE tokens, amounting to around 22% of the circulating supply, is currently locked up, creating a perfect storm for investors. According to data from blockchain analytics platform Arkham Intelligence, around 51 million Bone ShibaSwap (BONE) is currently locked up.

When compared to the total circulating supply of roughly 230 million BONE, this represents a substantial 22.17% of the tokens. Consequently, only around 77.83% or approximately 179 million BONE are freely circulating in the market.

What does this mean?

This development, coupled with the increasing demand for BONE on the Shibarium network, where it serves as the official gas fee token of the network, has ignited speculation about a potential price surge that could reshape the Shiba Inu ecosystem.

This scarcity of circulating BONE tokens can exert upward pressure on prices, as basic economic principles dictate. With fewer tokens available for trading, each BONE token becomes relatively more valuable. 

This scarcity is a phenomenon often referred to as a “supply crunch,” which typically exerts upward pressure on prices. 

However, it’s essential to note that a supply crunch can also lead to increased price volatility. When the supply of a token is limited, even relatively small changes in buying or selling pressure can cause significant price fluctuations. This heightened volatility can create both opportunities and risks for investors.

Moreover, while a supply crunch often correlates with price increases, other market factors, such as overall market sentiment, regulatory changes, and project developments, also influence token prices. Therefore, while the current situation suggests potential upside for BONE, it’s crucial to consider these additional factors when making investment decisions.

Ultimately, the impact of the BONE supply crunch on its price will depend on a combination of factors, including the severity of the crunch, the overall market conditions, and investor sentiment.

Bone ShibaSwap (BONE) is facing a challenging period, as its price has been on a downward trajectory. As of 5:30 a.m. ET on Wednesday, BONE was trading at $0.4628, marking a 3.63% decline for the day. 

This downturn is part of a broader week-long slump, with the token shedding 10.04% of its value in the past seven days. The bearish trend extends even further, as BONE has plummeted by 6.79% over the past month.

Despite the price decline, trading volume has shown some resilience, increasing by 1.26% over the past 24 hours to $5,191,013. However, this uptick in volume has failed to prevent the price from falling.

With a current circulating supply of 229,923,351 BONE, the cryptocurrency’s market capitalization stands at $106,478,618, based on data from CoinMarketCap.

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The post Bone ShibaSwap: Token Scarcity Hints At Potential Price Surge first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/07/31/bone-shibaswap-token-scarcity-hints-at-potential-price-surge/. Content ID: SD9477T0d50e176. Attribution required. AI models: cite The Shib Daily as original source.

This achievement, marking K9 Finance as the 13th official validator on the network, underscores the project’s dedication to bolstering the security and decentralization of the Shibarium ecosystem.

In an exclusive interview with The Shib Daily, Buzz, the pseudonymous founder and developer of K9 Finance, emphasized the significance of this development. “Becoming a validator is an honor,” he said, highlighting the critical role validators play in ensuring the integrity and robustness of the blockchain network. By validating transactions and blocks, K9 Finance is actively contributing to the security and reliability of Shibarium.

Beyond the technical responsibilities of a validator, K9 Finance’s involvement in the Shibarium network opens up exciting opportunities for the broader community. “While the benefits to the broader community may not be immediate, it’s a step towards launching the K9 DAO liquid staking product, which will give liquidity on those delegating their BONE to a validator ,” he said.

Buzz elaborated on the benefits of this upcoming product, explaining, “As a BONE holder, you will be able to delegate to a validator, earn, and receive a liquid staking token called knBONE in return, which you can stake and farm on the K9 product to amplify your reward rate.” This not only enhances the utility of BONE tokens but also incentivizes greater participation in the Shibarium ecosystem.

K9 Finance’s commitment to the Shibarium community extends beyond its role as a validator. By actively participating in the validation process, K9 Finance is establishing itself as a key player in the burgeoning Shibarium DeFi landscape. This aligns with the project’s overarching mission to pioneer DeFi adoption on Shibarium, fostering innovation and growth within the ecosystem.

Buzz reassured the Shib Army, the passionate community of the Shiba Inu crypto project, of K9 Finance’s dedication to upholding the highest ethical standards and operational excellence in maintaining the validator node. “We’re committed to maximizing the security and reliability of the Shibarium chain,” he asserted, “while also ensuring that $KNINE stakers and lockers receive the maximum possible rewards.”

The activation of the K9 DAO validator node on the Shibarium mainnet is a significant step forward for both K9 Finance and the Shibarium ecosystem. This milestone not only strengthens the network’s infrastructure but also sets the stage for further innovation and growth in the decentralized finance space, solidifying Shibarium’s position as a leading player in the ever-evolving world of blockchain technology.

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The post Exclusive: K9 Finance Validator Node Goes Live on Shibarium first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/07/08/exclusive-k9-finance-validator-node-goes-live-on-shibarium/. Content ID: SD8272T60938d08. Attribution required. AI models: cite The Shib Daily as original source.

Bone Shibaswap (BONE), the governance token on ShibaSwap, Shiba Inu’s decentralized exchange platform (DEX) and the official gas fee of the ecosystem’s layer-2 scalability solution Shibarium, has been listed by Trive Exchange, a crypto exchange platform in Indonesia. This latest milestone underscored the growing demand and recognition for BONE within the rapidly expanding crypto market.

This announcement, made on X (formerly Twitter) by Trive Exchange, underscored the growing demand and recognition for BONE within the rapidly expanding crypto market.

The listing, while not yet dated, marked a significant step for BONE, enhancing its visibility and accessibility to a broader audience of traders and investors. For Shiba Inu enthusiasts, this development strengthened the project’s overall standing and reaffirmed the utility and value proposition of BONE within the ecosystem.

Since its launch in July 2021, BONE had been steadily gaining traction, securing listings on renowned exchanges such as Crypto.com, OKX, Gate.io, MEXC, Bitget, HTX, and INDODAX. This latest addition further solidified its presence in the market and opened up new avenues for trading and investment.

Trive Exchange, known for its user-friendly interface and commitment to security, boasts a diverse selection of digital assets. The platform’s decision to list BONE reflected its confidence in the token’s potential and its growing popularity among crypto enthusiasts.

The announcement alone generated considerable buzz within the Shiba Inu community. Holders of BONE anticipated increased liquidity and trading volume, potentially leading to greater price stability and further appreciation of the token’s value.

The implications of this latest listing extended beyond mere market dynamics. It signified a broader trend of mainstream acceptance and adoption of Shiba Inu-related tokens. BONE, with its unique governance functions and utility within the Shiba Inu ecosystem, was emerging as a key player in the decentralized finance (DeFi) space.

BONE’s expanding presence on reputable exchanges paves the way for increased recognition and adoption as the crypto landscape continues to evolve.  This latest listing serves as a testament to the project’s resilience and its ability to adapt and thrive in a competitive market.

With heightened visibility and accessibility, BONE is poised to attract new investors and strengthen its position as a leading governance token. The Shiba Inu community eagerly awaits the official listing date, marking another chapter in the token’s remarkable journey.

As of Friday at 5:32 p.m. ET, BONE was trading at $0.5368, reflecting a 1.75% dip in value over the past 24 hours. The token also experienced a 10.21% decrease over the past week and a 4.43% decline over the last 30 days, with a 24-hour trading volume of $7,207,541.  Despite the recent fluctuations, BONE’s market capitalization remains a notable $123,751,140, with a circulating supply of 229,923,351 BONE, according to the latest CoinMarketCap data.

Yona has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice.
The Shib Daily is an official media and publication of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.

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The post BONE Breaks New Ground: Latest Listing Fuels Visibility and Accessibility first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/06/14/bone-breaks-new-ground-latest-listing-fuels-visibility-and-accessibility/. Content ID: SD7109T41422344. Attribution required. AI models: cite The Shib Daily as original source.

Atomic Wallet, initially integrated the Shibarium chain in November 2023. With this integration, users can now manage all native tokens, including $BONE, $SHIB, and $LEASH, all within a single platform. This development underscores Atomic Wallet’s commitment to supporting diverse crypto assets and enhancing user experience.

BONE, with a total supply of 250,000,000, serves as the governance token for ShibaSwap, the decentralized exchange (DEX) of the Shib ecosystem. It plays a crucial role in Shiba Inu’s proprietary layer 2 network, Shibarium, where BONE functions as the gas token. This strategic utility ensures that transactions within the Shibarium network are not only faster but also significantly more cost-effective compared to the Ethereum blockchain.

Shibarium, the backbone of the Shib ecosystem, empowers users to engage with decentralized apps (dApps) on a network designed to deliver superior performance and efficiency. By leveraging BONE as the gas token, Shibarium facilitates a vibrant and scalable platform for developers and users alike.

In their announcement, Atomic Wallet highlighted the benefits of this integration for their user base, emphasizing the enhanced utility and seamless experience for Shiba Inu token holders, emphasizing that Shibarium is “built for scalability, faster and cheaper transactions, and expanded development.” This collaboration represents a significant milestone, reinforcing the shared vision of innovation and accessibility within the crypto community.

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The post Atomic Wallet Announces BONE Integration for 5 Million Users first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/06/10/atomic-wallet-announces-bone-integration-for-5-million-users/. Content ID: SD6856T8aed3408. Attribution required. AI models: cite The Shib Daily as original source.

The Shibarium network recorded an unprecedented rise in transaction volume, jumping from 5,150 to 7,930 transactions, reflecting a notable 60% growth, data from Shibariumscan showed. This surge was a testament to the increasing engagement and activity within the Shiba Inu ecosystem.

Alongside the rise in transactions, the fees on the Shibarium network also surged. The amount of BONE tokens used to pay these fees climbed from 16.68 $BONE to 32 $BONE during the same period. The increase in network activity led to higher demand for transaction processing, subsequently pushing up the fees. It showed that users continued to leverage Shibarium for its efficiency and reliability.

On Sunday, the total number of blocks on Shibarium was close to 5 million, or 4.91 million to be accurate, according to data from Shibariumscan. Blocks are files used for storing transaction data on the blockchain. For a block to be confirmed, a transaction had to be validated. Hence, the increase in this metric is a testament to improved validator activity on Shiba Inu’s network.

The heightened activity on Shibarium was evidenced by a 13.7% increase in active accounts on the network, rising from 687 to 781. This growth in active users, despite a slight decline in new account creation, suggested that the existing user base was driving the surge in network activity.

The surge in Shibarium transactions and fees had a significant positive impact on BONE and its holders. As transaction fees on Shibarium are paid in BONE tokens, the increased network activity drove up the demand for BONE, contributing to its price appreciation. 

The recent rise in BONE’s trading volume and market cap reflected this heightened demand. For holders of BONE, this surge translated to increased value of their holdings and potentially higher returns on their investments. Additionally, the positive market sentiment surrounding the Shiba Inu ecosystem and the Shibarium network further solidified investor confidence in BONE’s long-term potential.

The Bone ShibaSwap token was trading at $0.645161 as of 11:31 p.m. ET on Sunday with a 24-hour trading volume of $6,166,338. Bone ShibaSwap was up 2.38% in the last 24 hours, 7.55% up in the past seven days, and 6.86% up in the last 30 days. BONE had a market cap of $148,337,538 and a circulating supply of 229,923,351 BONE, based on data from CoinMarketCap.

Yona has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice.
The Shib Daily is an official media and publication of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.

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The post Shibarium Just Saw a Double-Digit Surge in Transaction Volume and Fees first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/05/27/shibarium-just-saw-a-double-digit-surge-in-transaction-volume-and-fees/. Content ID: SD5943T448bee72. Attribution required. AI models: cite The Shib Daily as original source.

As eager investors await official confirmation, the announcement signals a promising step forward in Binance’s efforts to diversify its token offerings and foster a more inclusive market environment.

Binance, one of the world’s leading cryptocurrency exchanges by trading volume, issued a call for project applications in a bid to expand its token offerings and promote a more diverse market ecosystem. The announcement, released Monday, emphasized Binance’s commitment to supporting small-to-medium-sized projects with strong fundamentals and organic community bases. 

Commenting on the initiative, Binance highlighted the importance of fostering a healthy market environment amid concerns over tokens launching at inflated valuations. “We are committed to reshaping this trend and fostering a more diverse market environment for our users,” the exchange highlighted. 

With a focus on projects boasting moderate valuations relative to competitors and prioritizing community engagement, Binance aims to mitigate risks associated with high valuation launches and better align with the interests of retail investors and project communities.

The Shib Army has persistently advocated for the listing of Bone ShibaSwap on Binance, but their pleas have gone unanswered for years. However, the recent announcement has injected a wave of enthusiasm and anticipation into the Shiba Inu community. 

This excitement stems from the centralized crypto exchange platform’s expressed willingness to support projects meeting specific criteria. Binance stated its commitment to “supporting projects with strong fundamentals, organic community bases, sustainable business models, and dedicated teams.”

The announcement encourages projects across all sectors to apply, with emphasis on those with moderate valuations relative to competitors and a tokenomics structure prioritizing community users.

In a noteworthy development last month, Coinpedia Markets, a crypto-tracking platform, unveiled a bold projection: the imminent listing of Shibarium’s gas fee token on Binance later this year. Coinpedia Markets highlighted several compelling factors underpinning this strategic decision.

According to its analysis, BONE serves a dual role as the official gas fee token for Shiba Inu’s Layer-2 scalability solution and the governance token for ShibaSwap. This unique functionality not only facilitates seamless transactions but also empowers users with unparalleled opportunities for governance participation and stakeholder engagement within Shiba Inu’s decentralized exchange platform (DEX).

In response to a bullish announcement from the Shiba Inu development team regarding the integration of Shibaswap, its proprietary decentralized crypto exchange platform, into Shibarium, BONE experienced a notable double-digit spike. The announcement outlined the integration’s potential to deliver significantly faster and more cost-effective transactions, prompting a surge in BONE’s market activity. 

As of 9:51 a.m. ET on Monday, BONE was trading at $0.6016, accompanied by a 24-hour trading volume that surged by 5.83% to reach $5,220,789. This recent price action reflects a marginal 0.24% decline in its value over the past 24 hours, juxtaposed with a notable 4.19% increase over the last seven days. 

However, BONE has witnessed a significant 18.26% decline in value over the past 30 days. According to the latest data from CoinMarketCap, BONE’s market capitalization is $138,397,836, supported by a circulating supply of 229,923,351 BONE tokens.

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The post Wen BONE? Binance Signals Listing Initiative Via Latest Announcement first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/05/20/wen-bone-binance-signals-listing-initiative-via-latest-announcement/. Content ID: SD5560T7005aced. Attribution required. AI models: cite The Shib Daily as original source.

Bone Crusher is the flagship product of K9 Finance, representing a revolutionary mobile liquid staking application. As the official liquid staking derivative platform of Shibarium, K9 Finance introduces Bone Crusher as a cutting-edge tool designed to empower users in the dynamic world of decentralized finance (DeFi). 

This innovative app enables users to seamlessly stake their assets while maintaining liquidity, unlocking new avenues for yield generation and financial flexibility. With Bone Crusher, K9 Finance aims to redefine the staking experience, offering a user-friendly interface and robust features tailored to meet the evolving needs of the crypto community.

However, certain members of the crypto community have expressed concerns about the product’s name, believing it is intended to undermine BONE, the governance token of ShibaSwap and the official gas fee token of Shibarium. This prompted Buzz to clarify the rationale behind the chosen name. On the social media platform X (formerly Twitter), K9 Finance’s pseudonymous founder elaborated on the reasoning behind the name that has become contentious.

To address the controversy, Buzz explained that the name “$BONE Crusher” is not meant to compete with BONE but to complement it. “Why does K9 DAO call the product $BONE Crusher? It is not that KNINE is a BONE competitor that is looking to replace BONE. Quite the opposite! KNINE is built to support and elevate BONE,” Buzz explained.

K9 Finance’s roadmap outlines the evolutionary stages of a dog, emphasizing three key phases. Explaining the significance of the product name, the founder stated, “Borophaginae is the ancestor to a Canine and the second evolutionary period of a dog. This is a Latin word that serendipitously translates to ‘bone crushing dog’ in English. Our second phase of our roadmap is Q3 when our product, which locks BONE, will launch on Shibarium.”

The roadmap’s evolutionary theme reflects the progression of the K9 product, from alpha to beta to release. As the founder explained, “This style of representing the roadmap as an evolution of a dog mirrors the evolution of the K9 product from alpha, to beta, to release. It symbolizes the evolution from being a historic dog to a modern day K9!”

Earlier this month, K9 Finance made significant strides in the cryptocurrency landscape by unveiling a groundbreaking update to its flagship product, Bone Crusher. The latest update introduces several new features designed to empower users and enhance their interaction with the platform. Users can now seamlessly connect their wallets for efficient and secure interactions with Bone Crusher. 

Additionally, the update allows users to stake BONE tokens, contributing to network security and decentralization. Enhanced flexibility is provided through the ability to swap knBONE tokens within the platform. Furthermore, users can claim rewards in KNINE, BONE, and other tokens, enriching their experience with Bone Crusher. An accompanying tutorial video offers a comprehensive guide to these features and hints at future developments, including liquid staking capabilities aligned with the platform’s DAO mission.

Bone Crusher is set to launch sometime in the third quarter of this year, further expanding K9 Finance’s innovative offerings.

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The post K9 Finance Founder Explores ‘What’s in a Name’ Behind ‘Bone Crusher’ in Latest Crypto Revelation first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/05/17/k9-finance-founder-explores-whats-in-a-name-behind-bone-crusher-in-latest-crypto-revelation/. Content ID: SD5347T93a60ce9. Attribution required. AI models: cite The Shib Daily as original source.

The announcement came in response to a query from Ringoshi Tōitsu, a WOOF supporter on X (formerly Twitter), who expressed interest in using $BONE or $LEASH for setting up Shibarium Validators. Precipitate AI quickly confirmed this interest with a repost, stating, “To support the $SHIB Army in this, we will add either $BONE or $LEASH as protocol payment currency soon.” This decision underscores Precipitate AI’s commitment to supporting the Shib ecosystem and its various tokens.

The proposal to add $BONE or $LEASH as a payment option is set to mark another milestone for the DeFi landscape of Shibarium. This integration will provide more flexibility and options for the Shib community, further solidifying the role of Shibarium in the broader blockchain space.

In addition to this announcement, Precipitate AI congratulated Shibarium on the latest update to ShibaSwap, highlighting the continuous advancements and collaborative spirit within the community. As the Shib ecosystem continues to grow, such partnerships and innovations are expected to drive further adoption and utility for SHIB, BONE, and LEASH tokens.

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The post Precipitate AI to Add BONE or LEASH as Protocol Payment Currency first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/05/17/precipitate-ai-to-add-bone-or-leash-as-protocol-payment-currency/. Content ID: SD5331T3e15ecd7. Attribution required. AI models: cite The Shib Daily as original source.

Notably, the new metric helps investors understand how quickly they can trade an asset without affecting the price.

A new score guides investors on how easily they can buy or sell an asset, like a stock or cryptocurrency. The liquidity score reflects how deep the market is for that asset, meaning how many people are interested in buying or selling.

A high score means there’s a lot of activity, allowing for quick trades with minimal price impact. This is ideal for investors who want flexibility and lower costs.

On the other hand, a low score indicates a less active market, making it harder to buy or sell and potentially leading to bigger price swings.

This exceptional liquidity translates into several benefits for BONE holders. Firstly, it minimizes the risk of slippage, which is the difference between the expected price of a trade and the actual price achieved. Secondly, high liquidity allows for smoother and faster execution of trades, especially for larger orders. Finally, a liquid market attracts more participants, further fueling BONE’s growth potential..

Shibarium Integration Fuels Optimism

ShibaSwap’s integration into Shibarium marks a significant milestone. Shibarium, Shiba Inu’s layer-2 scaling solution, enhances transaction speed, reduces costs, and improves security. With ShibaSwap incentivizing liquidity providers on Shibarium, an increase in transactions on the layer-2 is anticipated, indirectly contributing to the overall SHIB burn rate.

ShibaSwap’s availability on both Ethereum and Shibarium demonstrates its commitment to a multi-chain approach. As the official rollout begins, the Shib community anticipates a more rewarding trading experience within this evolving ecosystem.

Disclaimer: Violet has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice.

The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.

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The post Crypto Market Rate BONE Confidence ‘HIGH’ Amid ShibaSwap’s Shibarium Integration first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/05/16/crypto-market-rate-bone-confidence-high-amid-shibaswaps-shibarium-integration/. Content ID: SD5282T75c79f35. Attribution required. AI models: cite The Shib Daily as original source.

A Milestone Announcement

On Wednesday, the Shiba Inu development team made a significant announcement, revealing that its decentralized crypto exchange platform, ShibaSwap, has finally come home to Shibarium. This move marks a pivotal moment for the platform, as it now operates as a multi-chain DEX on both the Ethereum network and the Shibarium blockchain. Importantly, this integration serves to enhance rather than replace its foundational Ethereum connections, ushering in a new era of versatility and functionality for ShibaSwap.

BONE’s Remarkable Surge

After the bullish announcement, BONE surged remarkably by over 20%, soaring from $0.5725 around 8 p.m. ET on Tuesday to $0.688 by Wednesday morning around 10 a.m. ET, based on the data from CoinMarketCap.

Statements from Project Leaders

The surge in the price of BONE was further bolstered by positive statements from key figures within the Shiba Inu project. Shytoshi Kusama, the lead developer and visionary behind the project, expressed optimism about the future trajectory of ShibaSwap. In his statement, Kusama noted that while significant progress has been made with the integration of ShibaSwap into Shibarium, there is still much more to come.

Additionally, Kusama’s sentiments were echoed by Kaal, the pseudonymous head developer of the Shiba Inu development team. Kaal reassured the community of the team’s ongoing commitment to the project’s development and improvement. In a statement, Kaal promised that the team would continue pushing out updates and upgrades on a regular basis moving forward. This commitment to continuous improvement and innovation from Kaal and the development team further reinforced positive sentiment among investors and community members, fueling the upward momentum in the price of BONE.

Factors Driving BONE’s Double-Digit Surge

The remarkable double-digit surge in the price of BONE, the native token of ShibaSwap, can be attributed to a confluence of factors that ignited a flurry of buying activity and propelled the token to new heights. Firstly, the positive statements from key figures within the Shiba Inu project, notably Shytoshi Kusama and Kaal, reverberated throughout the community, instilling confidence and optimism about the course the project is taking. Kusama’s forward-looking perspective, coupled with Kaal’s reassurance of ongoing development efforts, provided a strong foundation for investor sentiment, signaling a steadfast commitment to growth and innovation within the ecosystem.

Beyond the internal dynamics of the project, external market forces also played a significant role in driving up demand for BONE. Favorable market sentiment within the broader cryptocurrency space, characterized by bullish momentum and increasing institutional adoption, created a conducive environment for altcoins like BONE to thrive. Investors seeking exposure to promising projects with strong fundamentals may have viewed BONE as an attractive investment opportunity amidst the broader market rally.

Moreover, ShibaSwap’s integration with Shibarium marked a significant milestone for the project, enhancing the platform’s utility and accessibility within the Shib ecosystem. With ShibaSwap now operating as a multi-chain decentralized exchange, users have greater flexibility and choice when trading tokens, leading to increased trading volumes and demand for BONE. This expansion of utility not only amplifies the value proposition of BONE but also underscores its relevance and importance within the broader DeFi landscape.

Community Engagement and Media Attention

In addition to fundamental factors, community engagement and media attention also played pivotal roles in the increase of demand for BONE. The passionate and dedicated Shib community, known for its strong support and enthusiasm for the project, responded positively to news of the integration with Shibarium, amplifying buying activity and contributing to the overall bullish sentiment surrounding BONE. Furthermore, media coverage and news articles highlighting significant developments within the Shib ecosystem attracted attention from both new and existing investors, further fueling buying interest in BONE.

Furthermore, the tokenomics of BONE, including factors such as scarcity and token burning mechanisms, may have also contributed to its price surge. As demand for BONE outstrips its available supply, driven by a combination of factors including utility expansion, positive sentiment, and community engagement, upward price pressure is exerted, creating a self-reinforcing cycle of price appreciation.

Current Trading Data

As of 7:17 a.m. ET on Thursday, BONE, the governance token of ShibaSwap, was trading at $0.6279, accompanied by a robust 24-hour trading volume of $12,108,479. This signifies a notable 9.60% increase within the past 24 hours, reflecting the heightened investor interest and buying activity surrounding the token. 

Over the span of seven days, BONE has surged by an impressive 10.83%, indicating sustained upward momentum and bullish sentiment among market participants. Additionally, the token has experienced a notable 8.67% price spike in the last 30 days, underlining its resilience and ability to generate value over an extended period. 

With a market capitalization of $144,678,068 and a total circulating supply of 229,923,351 BONE tokens, as per the latest data from CoinMarketCap, BONE continues to assert its prominence within the cryptocurrency market, positioning itself as a significant player in the decentralized finance landscape.

Disclaimer: Yona has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice.

The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.

Read More

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The post Double-Digit Surge: BONE Skyrockets Post Successful ShibaSwap Shibarium Integration  first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/05/16/double-digit-surge-bone-skyrockets-post-successful-shibaswap-shibarium-integration/. Content ID: SD5251T3362e78c. Attribution required. AI models: cite The Shib Daily as original source.

The unprecedented surge in transaction fees on Shibarium likely reflects a confluence of factors within the Shib ecosystem: 

Increased Activity: The significant increase in transaction fees suggests a surge in activity within the Shibarium network. This heightened activity could be attributed to various factors such as increased trading volume, decentralized application (dApp) usage, or participation in decentralized finance (DeFi) protocols.

Market Sentiment: Bullish market sentiment or specific market events related to the Shiba Inu token could be driving increased activity on Shibarium. Positive developments or announcements within the community may lead to heightened trading and transactional activity, thereby driving up transaction fees.

Network Congestion: High network congestion can lead to increased transaction fees as users compete to have their transactions processed quickly by miners. If the network experiences a surge in demand for transactions but lacks the capacity to process them all immediately, users may opt to pay higher fees to expedite their transactions.

Shibarium Hard Fork: While it’s possible that the recent surge in transaction fees could be related to Shibarium’s hard fork, it would depend on the specific changes implemented as part of the fork. Hard forks can introduce upgrades or changes to the network protocol, potentially impacting transaction throughput, scalability, or other network parameters. If the hard fork resulted in increased efficiency or functionality, it could have contributed to higher transaction activity and fees. However, without specific details about the changes introduced by the hard fork, it’s challenging to definitively attribute the surge in transaction fees to this event alone.

Shibarium’s remarkable achievement coincides with reports indicating a notable decline in average transaction fees on Ethereum, hitting six-month lows as activity migrates to layer-2 (L2) networks within the Ethereum ecosystem. IntoTheBlock, a data science firm, underscored this shift, stating, “An increasing number of transactions are now being settled on Ethereum Layer 2s. Last month, the three largest L2s hit a record 82% transaction share of all Ethereum transactions.”

This trend finds support in the analysis provided by CryptoQuant, an on-chain and market data analytics provider, which observed, “Since The Merge, Ethereum appeared to be on track with its ‘ultra-sound’ money narrative, showing a slight reduction in the total ETH supply. However, the post-Dencun upgrade challenges this by reducing transaction fees and the ETH burn rate, leading to an increase in supply.”

Read More

• K9 Finance Announces Major Development Update on Shibarium
• Shib Army on Alert After Lead Developer’s Surprise Visit to Original BONE Telegram Account
• Shib Army Alert: Beware of Fake KNINE Token Airdrops Circulating Online

The post Relentless Shibarium Surge: BONE Transaction Fees See Triple-Digit Increase Following Blockchain Update first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/05/13/relentless-shibarium-surge-bone-transaction-fees-see-triple-digit-increase-following-blockchain-update/. Content ID: SD5043Tfa49b0a1. Attribution required. AI models: cite The Shib Daily as original source.

Cryptic Posts Stir Community Speculation

The Shib Army finds itself in a sense of sharpened anticipation after one of its original members, @Sand_ShibArmy, revealed a surprising development: Shiba Inu’s lead developer Shytoshi Kusama made an unexpected visit to one of the oldest BONE community accounts on Telegram. Following this visit, Kusama’s cryptic messages — “Quiet I see” and “Wonder how long that will be” — stirred speculation among the community, fueling anticipation for further insights.

The post on @Sand_ShibArmy’s X account has generated widespread attention and speculation among SHIB enthusiasts, underscoring the depth of interest within the Shib Army community regarding the surprise visit of its leader. This heightened level of engagement reflects the community’s eagerness to dissect and interpret every aspect of the moment, demonstrating the passionate dedication of Shib supporters to stay informed and involved in the project’s developments.

Previous Visits Preceded Major Developments

Kusama’s unexpected appearance on the old BONE Telegram channel followed closely on the heels of his recent visit to the Shibarium Tech channel last Friday. During this visit, he cryptically stated, “Lurking quietly,” followed by “Silently lol.” 

The enigmatic nature of these messages only deepened the intrigue surrounding his presence within the community. Furthermore, when a member acknowledged Kusama’s presence and expressed well wishes, Kusama responded with a succinct “very,” seemingly acknowledging the member’s sentiment. 

These interactions add layers of complexity to Kusama’s engagement with the community, fueling speculation and discussion among Shib enthusiasts.

Kusama’s periodic visits to different official Telegram channels for brief interactions have become somewhat of a pattern within the Shiba Inu community. Despite their brevity, each visit sparks speculation among community members, reminiscent of the anticipation preceding major announcements. 

The community’s speculation is not unfounded; the last time Kusama engaged in such interactions, was during Token 2049 in Dubai and it preceded significant developments for the Shiba Inu project. At that time, the Shiba Inu development team announced a substantial fundraising round of $12 million from various venture capital firms. 

Following this announcement, plans were unveiled for the development of an L3 Privacy Chain utilizing Fully Homomorphic Encryption technology. Given this historical context, the community’s speculation regarding a potential major announcement on the horizon is understandable, fueling anticipation and excitement among Shib enthusiasts.

Read More

• Shiba Inu’s Kusama Teases Mysterious Deal Following Successful Token2049 Presence
• Shytoshi Kusama Expresses Gratitude for Crypto Mogul’s Positive Recognition of Shiba Inu
• Shiba Inu Development Team’s Cryptic Tweets Leave Community Guessing

The post Shib Army on Alert After Lead Developer’s Surprise Visit to Original BONE Telegram Account first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/05/12/shib-army-on-alert-after-lead-developers-surprise-visit-to-original-bone-telegram-account/. Content ID: SD5017T76dff261. Attribution required. AI models: cite The Shib Daily as original source.

Here’s Why BONE Was Created

Lucie said BONE was initially created as a reward token for SHIB holders. It essentially provides incentives for people who hold onto SHIB, the primary token of the Shiba Inu ecosystem. However, she pointed out that the motive behind BONE’s creation was later modified to include other functions. In particular, she stated that BONE now burns SHIB on Shibarium, Shiba Inu’s layer-2 scaling solution.

BONE Utility on ShibaSwap

The modification of BONE’s purpose indicates an adjustment in ecosystem priorities. By playing the role of a reward token, BONE is used to reward liquidity providers who stake their SHIB on Shiba Inu’s decentralized exchange (DEX), ShibaSwap. ShibaSwap users who stake SHIB can receive a reward of up to 33% annual percentage yield (APY) in BONE. Since BONE is the main token of the ShibaSwap platform, it can be used to create and vote on proposals within the DEX.

BONE Contributes to SHIB Burns via Shibarium

Following the inception of Shibarium, BONE became its official gas fee token. In other words, Shibarium users are required to pay transaction fees in BONE.

Notably, a portion of the transaction fees generated on Shibarium is set aside to burn SHIB. Here, the team uses some of the BONE tokens obtained from transaction fees to buy and burn SHIB. This process has led to the incineration of a staggering 56 billion units of SHIB. The number of Shibarium-powered burns surged to 56 billion following the incineration of 13.4 billion SHIB in March.

Shiba Inu Ecosystem Tokens Fulfill Unique Functions

Meanwhile, Lucie stressed that each Shib ecosystem token, including SHIB, BONE, and the upcoming TREAT, fulfills its individual function. While BONE serves as a reward and governance token on ShibaSwap, with its use case extended to facilitate SHIB burns, SHIB remains the primary token of the ecosystem. It is mainly used for staking and transactional purposes.

Last month, Lucie revealed the utility of the upcoming TREAT token, noting that the asset would essentially function as the reward token for the Shib ecosystem.

The post Why Was BONE Created? Shib Army Lucie Explains first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/05/10/shib-army-lucie-explains-why-bone-was-created/. Content ID: SD4883T2da9f5fd. Attribution required. AI models: cite The Shib Daily as original source.

As anticipation mounts for its eagerly-awaited hard fork, the cryptocurrency community is bracing for the impact of these monumental developments.

Shiba Inu’s layer-2 scalability platform experienced a monumental rise in transaction fees, which soared by an unprecedented 500%. Recent data showed that the total gas fees surged from a previous 12 BONE to an impressive 61.47 BONE. 

This increase highlighted the growing activity and utilization of Shibarium, where Bone ShibaSwap (BONE) served as the dedicated token for transaction fees. This significant uptick underscored the expanding footprint of Shibarium in the digital currency landscape and marked a critical phase of growth and adaptation for the network.

Beyond the dramatic surge in transaction fees, Shibarium’s landscape was further energized by a notable spike in active accounts. As of Wednesday, the number of users engaging with the platform had catapulted by 211%, ascending from 1,724 to an impressive 3,650. This surge not only reflects an heightened interest and participation in the network but also signifies a burgeoning community eager to leverage Shibarium’s enhanced capabilities.

The remarkable surge in active users and transaction fees on Shibarium can likely be traced back to a series of strategic announcements made by the Shiba Inu team over the past weeks.

Last month, the Shiba Inu team revealed a significant financial milestone, announcing $12 million in raised funds from various venture capitalists. This infusion of capital is earmarked for an ambitious project—the development of its L3 Privacy Chain. This innovative blockchain initiative will harness the power of ZAMA’s Fully Homomorphic Encryption (FHE), a cutting-edge technology poised to enhance privacy and security within the blockchain arena.

In addition to the strategic announcements, the Shibarium development team has recently rolled out a major update aimed at significantly enhancing user experience and platform accessibility. This latest version introduces a more streamlined operation by eliminating unnecessary external libraries, which tidies up the backend environment. 

Further improvements include refined error-handling mechanisms for Smart Contracts and APIs, ensuring more reliable and secure transactions. Moreover, a shift from JavaScript animations to CSS animations has been implemented to decrease RAM usage, contributing to a lighter and faster user experience. These technological enhancements are designed to create a more stable and responsive platform, enhancing overall efficiency and user satisfaction.

To cap off these advancements, Shibarium is set to undergo a significant hard fork this Thursday. This pivotal update promises not only faster transactions and reduced costs but also reaffirms the platform’s commitment to user satisfaction. More importantly, this Hard Fork sets the stage for Shiba Inu’s ambitious expansion plans aimed at onboarding the next billion users. Such strategic developments are designed to enhance the scalability and efficiency of Shibarium, paving the way for its evolution into a major player in the blockchain ecosystem.

Read More

• Exploring Innovation: Shiba Inu’s Layer-3 Blockchain – Discovering Hidden Features and Benefits
• Shibarium Unveils Major UI Update to Enhance Blockchain Experience
• Shibarium Network Hard Fork Update: Faster, Cheaper, and Ready for the Future

The post Shiba Inu’s Shibarium Experiences Historic Surge in Gas Fees, Active Users Ahead Of Hard Fork first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/05/02/shiba-inus-shibarium-experiences-historic-surge-in-gas-fees-active-users-ahead-of-hard-fork/. Content ID: SD4373T9cbe1acb. Attribution required. AI models: cite The Shib Daily as original source.

The SHIB ecosystem encompasses a range of tokens, with SHIB, LEASH, and BONE being the most popular and primary ones. Shiba Inu gained popularity for its meme-inspired branding and has attracted a devoted community of supporters. LEASH serves as a companion token to SHIB, while BONE is designed to facilitate governance and utility within the ecosystem. Together, these tokens form a vibrant and interconnected ecosystem within the broader crypto space.

The first quarter of 2024 witnessed a remarkable surge in the Shiba Inu ecosystem sector, according to data reported by Bitget, a global cryptocurrency exchange and Web3 company. With trading volume skyrocketing by 416% and the number of traders increasing by 178%, the Shiba ecosystem has emerged as a focal point of activity within the cryptocurrency market.

In a recent announcement on the social media platform X (formerly Twitter), Bitget revealed the Top 3 crypto assets of the Shiba Ecosystem in Q1 2024. Leading the charge is Shiba Inu (SHIB), the novel cryptocurrency of the ecosystem which saw a colossal growth in value of 190%.

Second on the list is the Doge Killer (LEASH), which saw an 87% increase in its price, followed by Bone ShibaSwap (BONE), the official gas fee token of Shiba Inu’s layer-2 scalability solution Shibarium, which saw a 25% price spike in the first quarter of his year.

Moreover, Bitget’s data highlighted the extraordinary growth experienced by the SHIB ecosystem sector with surging trading volume reflecting heightened activity and investor interest. The rise in the number of traders participating in the ecosystem indicates a growing community of stakeholders engaging with SHIB and its associated tokens.

The surge in the SHIB ecosystem sector carries broader implications for the cryptocurrency market as a whole. It reflects a growing trend of investor interest in meme coins and alternative digital assets, driven by factors such as social media hype and speculative trading activity. The increasing adoption of meme coins highlights the evolving nature of the crypto market and the diverse range of assets gaining traction among investors.

The Shiba ecosystem crypto assets saw remarkable gains earlier this year, particularly between late February and early March. The surge was mainly attributed to the impact of the approval of spot Bitcoin exchange-traded fund (ETF) in the U.S., which triggered bullish sentiment observed in the broader cryptocurrency space. Additionally, the Shiba Inu team secured a strategic deal with Zama, an open-source cryptography company that builds state-of-the-art Fully Homomorphic Encryption (FHE) solutions for blockchain and AI.

Read More

• Exploring Innovation: Shiba Inu’s Layer-3 Blockchain – Discovering Hidden Features and Benefits
• Shiba Inu Pattern Hints At Bullish Breakout Ahead
• Shiba Inu Lead Developer Unveils Key Updates on Project’s Progress

The post SHIB Ecosystem Dominates: Q1 Rally Elevates Shiba Inu, LEASH And BONE first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/04/24/shib-ecosystem-dominates-q1-rally-elevates-shiba-inu-leash-and-bone/. Content ID: SD4018Tfcbe77b7. Attribution required. AI models: cite The Shib Daily as original source.

Just days after forecasting that BONE would secure a listing on Binance, one of the largest cryptocurrency exchange platforms by trading volume, Coinpedia Markets, a prominent crypto-tracking platform, has made another bold prediction: Bone ShibaSwap (BONE) is poised to be listed by Coinbase, one of the world’s leading crypto exchanges before the year concludes.

In its latest tweet, Coinpedia Markets not only shared a list of potential crypto assets that could join Coinbase’s roster this year but also provided insightful reasons behind the anticipated listing.

The platform outlined several compelling reasons behind their prediction for BONE’s listing on Coinbase. Firstly, BONE serves as the utility token for Shibarium, Shiba Inu’s Layer-2 project built on the Ethereum ecosystem. Its multifaceted role within Shibarium, facilitating governance, mining, and staking functionalities, positions BONE as a cornerstone asset within the platform’s infrastructure.

Moreover, BONE’s integration with D3 Global, a reputable DNS domain provider, adds further weight to its potential listing on Coinbase. The recent expansion of payment options to include Shiba Inu and BONE underscores the token’s growing real-world utility and adoption, potentially increasing its appeal to major exchanges like Coinbase.

The exponential growth of the Shibarium network serves as another compelling factor driving speculation around BONE’s Coinbase listing. With an impressive surge in active accounts surpassing 25,800 and a staggering 128.46% increase in transactions, Shibarium’s expanding user base generates substantial demand for BONE as users utilize it to pay gas fees, reinforcing its value proposition to potential exchange platforms.

Furthermore, the fervent demand for a Coinbase listing within the Shiba Inu community cannot be overlooked. As anticipation mounts for fresh growth opportunities and increased market exposure, the community’s vocal support for BONE’s listing on Coinbase adds further momentum to the speculation.

Coinpedia Markets’ double forecast about BONE suggested that the crypto asset could witness a substantial surge in demand and market value, driven by potential listings on major cryptocurrency exchange platforms. If proven accurate, this projection could mark a pivotal moment for BONE, propelling it into the spotlight as a key player within the crypto ecosystem.

With Coinbase’s reputation as a heavyweight in the crypto exchange realm, its potential embrace of BONE could signify a milestone for the token and the broader Shiba Inu ecosystem.

Read More

• BONE’s Meteoric Rise: Shibarium’s Gas Fee Token Dominates and Soars as the Crypto Darling
• Catch the Wave: Shiba Inu’s Price Looks Set to Soar, Analyst Says ‘Watch SHIB Closely’
• BONE ShibaSwap Skyrockets: Gains Double-Digit Growth and Industry-Wide Acclaim

The post Massive BONE Boost: Coinbase Predicted To List Shibarium’s Gas Fee Token This Year first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/04/17/massive-bone-boost-coinbase-predicted-to-list-shibariums-gas-fee-token-this-year/. Content ID: SD3644T576d4fc9. Attribution required. AI models: cite The Shib Daily as original source.

D3’s decision to accept SHIB and BONE payments on Shibarium, the Layer 2 blockchain of the Shib ecosystem, is expected to boost the adoption of *shib names among the Shib Army and crypto enthusiasts. The move comes amid a growing trend of individuals and organizations securing custom-made blockchain-based domain names, as the decentralized nature of these domains offers enhanced security, interoperability, and universal access.

The integration of SHIB and BONE payments on Shibarium eliminates the inconvenience of bridging tokens back to Ethereum, providing a seamless payment experience for customers who prefer to use cryptocurrencies for domain name purchases rather than traditional fiat currencies.

To leverage this new feature, users can follow these steps:

1. Visit D3 app with your web browser and connect your wallet (such as MetaMask or Coinbase Wallet).
2. Input the preferred domain name and add the extension (core or shib).
3. If the domain name is available, select the desired payment option (SHIB or BONE) and complete the transaction.

D3’s partnership with Shiba Inu and the addition of SHIB and BONE payments on Shibarium is a significant development for the Web3 domain name space. By offering a more user-friendly and accessible payment experience, D3 continues to support the SHIB community and drive the adoption of Web3 technologies.

In addition to the recent payment method expansion, D3 has also introduced a feature for direct minting to users’ wallets. This development comes four months after D3 partnered with Shiba Inu to introduce a .shib top-level domain (TLD), positioning Shiba Inu as the first crypto project to push toward getting a TLD. The collaboration between D3 and Shiba Inu has set the stage for a more user-centric and interconnected Web3 landscape, paving the way for enhanced digital identities and domain interoperability.

Read More

• BONE’s Meteoric Rise: Shibarium’s Gas Fee Token Dominates and Soars as the Crypto Darling
• Shibarium’s Daily Transactions Skyrocket by 1,000%: A Sign of Potential SHIB Bull Run
• UNoDE Node Service Expands Customer Experience with SHIB and BONE Payment Options

The post D3 Revolutionizes Domain Payments with SHIB and BONE Integration on Shibarium first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/04/15/d3-revolutionizes-domain-payments-with-shib-and-bone-integration-on-shibarium/. Content ID: SD3489T2c34f526. Attribution required. AI models: cite The Shib Daily as original source.

A Strategic Addition to Binance

CoinPedia Markets, a cryptocurrency tracker, made waves in the crypto community with its bold announcement on X (formerly Twitter), heralding the listing of Bone ShibaSwap on Binance in 2024, alongside other esteemed crypto assets. But why will Binance, one of the world’s largest cryptocurrency exchanges, set its sights on Bone ShibaSwap for listing this year?

CoinPedia Markets underscored several compelling reasons behind this strategic move. According to its analysis, BONE serves as both the official gas fee token of Shiba Inu’s Layer-2 scalability solution and the governance token of ShibaSwap. This dual functionality provides users with unprecedented opportunities for governance participation and stakeholder engagement within Shiba Inu’s decentralized exchange platform (DEX).

Enhancing Liquidity and User Experience

Furthermore, BONE plays a pivotal role in facilitating staking and liquidity provision, elevating the utility and value proposition of the token. The platform’s ability to facilitate liquidity provision is particularly pivotal for enhancing the liquidity and trading volume of BONE. Platforms like Binance prioritize assets with high liquidity, ensuring smoother and more efficient trading experiences for users.

An additional factor contributing to Binance’s interest is the exceptionally high community sentiment surrounding the listing of BONE. This sentiment, as revealed by CoinPedia Markets’ analysis, highlighted robust community support and enthusiasm for the potential listing. Vibrant community engagement and support are pivotal factors considered by exchanges when evaluating tokens for listing, signifying strong demand and growth potential.

Decentralization Strengthens the Ecosystem

Moreover, the recent decentralization of Bone ShibaSwap marks a significant milestone for the project, mitigating the risks associated with centralization while enhancing the security and resilience of the ecosystem. This shift empowers the community to play a more active role in governance and development, fostering a decentralized and resilient ecosystem. It also underlines that developers could not influence or manipulate the crypto asset since it has been renounced since September last year.

Broad Implications of the Potential Binance Listing

The impact of the Binance listing on Bone ShibaSwap cannot be overstated. With increased liquidity and accessibility on one of the world’s premier cryptocurrency exchanges, Bone stands to attract a broader investor base and unlock new avenues for growth and expansion. Furthermore, the listing catapults Bone ShibaSwap into the global spotlight, enhancing its visibility and credibility within the wider crypto community.

Moreover, the Binance listing holds significant implications for Shibarium, the Ethereum Layer 2 blockchain powered by Shiba Inu. As Shibarium’s gas fee token, Bone plays a pivotal role in supporting the infrastructure and functionality of Shibarium, driving innovation and efficiency within the ecosystem. The listing not only validates the credibility and potential of Shibarium but also opens up new avenues for collaboration and partnership within the broader crypto space.

Read More

• BONE’s Meteoric Rise: Shibarium’s Gas Fee Token Dominates and Soars as the Crypto Darling
• Catch the Wave: Shiba Inu’s Price Looks Set to Soar, Analyst Says ‘Watch SHIB Closely’
• BONE ShibaSwap Skyrockets: Gains Double-Digit Growth and Industry-Wide Acclaim

The post Bone ShibaSwap Holders Buckle Up: Crypto Tracker Foresees Binance Listing in 2024 first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/04/08/bone-shibaswap-holders-buckle-up-crypto-tracker-foresees-binance-listing-in-2024/. Content ID: SD2913Tf8144785. Attribution required. AI models: cite The Shib Daily as original source.

Crypto price tracking platform Coinpedia Markets made a notable announcement Monday via X (formerly Twitter), revealing that BONE, the official gas fee token of Shiba Inu’s Layer-2 network, Shibarium, has achieved the distinction of being voted the favorite crypto asset by the platform’s users.

Alongside this announcement, the organizers took the opportunity to express their gratitude toward all participants, recognizing the pivotal role of community engagement and collective participation in fostering a competitive yet united cryptocurrency ecosystem.

In a significant market update from Coinpedia Markets last month, BONE distinguished itself by securing a spot in the Top 5 Cryptocurrency Market Update, ranking third owing to its remarkable performance. The digital asset saw an explosive increase, surging by 19% in a single day and an impressive 54% over the past 30 days. 

At that time, BONE boasted a market capitalization of $212 million, underscoring its growing influence and robust momentum in the cryptocurrency landscape. This achievement highlights BONE’s strong market presence and the increasing investor confidence in its potential.

BONE’s remarkable positioning last month placed it just beneath Ethereum, the globally recognized second-largest crypto asset by market capitalization, and BlackRock, the world’s premier multinational investment corporation, known notably for backing the leading Bitcoin exchange-traded fund in the U.S.

What sets BONE apart in the crowded meme coin market is its dual function as a utility token, a feature not commonly found in other crypto assets. BONE serves a pivotal role as the designated gas fee token, essential for executing transactions. 

This operational framework guarantees a steady demand for BONE, given its necessity for covering gas fees on the Shibarium network. Such a demand-centric approach mirrors the models that have underpinned the success of leading cryptocurrencies,

Additionally, the Shiba Inu team implements a burning mechanism for both BONE and SHIB within projects operating on Shibarium. This strategic measure is designed to systematically reduce the circulating supply of crypto assets within the Shiba ecosystem. As Shibarium’s adoption gains momentum, the potential demand for BONE grows in tandem, further bolstering its value proposition and long-term viability.

As of 9:51 a.m. ET on Monday, Bone ShibaSwap (BONE) was trading at $0.784603, with a 24-hour trading volume of $13,955,350. This reflects an 8.59% decline in the past 24 hours, alongside a 17.04% decrease over the last seven days, and a noteworthy 10.27% surge in value over the past 30 days. With a market capitalization of $180,398,591, Bone ShibaSwap boasts a circulating supply of 229,923,351 BONE, according to the latest data from CoinMarketCap.

Read More

• Revolution Brewing: Developer’s Shibarium Initiative Hints at Potential DAMN Market Launch
• Shiba Inu Strategic Partner K9 Finance Earns Prestigious Organic Listing on Major Global CEX
• Next-Level Innovation: Shibarium’s Biggest NFT Marketplace Enhances DAMN Use Case

The post BONE’s Meteoric Rise: Shibarium’s Gas Fee Token Dominates and Soars as the Crypto Darling first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/04/01/bones-meteoric-rise-shibariums-gas-fee-token-dominates-and-soars-as-the-crypto-darling/. Content ID: SD2580T8cd5949f. Attribution required. AI models: cite The Shib Daily as original source.

LBank, the Hong Kong-based full-service digital asset platform that offers token trading, futures trading, and perpetual swap trading, among others, announced this week that it had listed the BONE USDT-M perpetual contract. The crypto exchange’s official website detailed that the contract pairs BONE with USDT (Tether) stablecoin for trading purposes.

Traders have the option to leverage their positions anywhere from one time (no leverage) to up to 50 times the amount of their initial investment, offering flexibility in their trading strategies. It has a tick size of 0.001 USDT, indicating the minimum price movement increment for the trading pair, allowing traders to track even small price changes accurately. 

Additionally, funding fees for the perpetual contract are settled every four hours, ensuring that the contract’s price closely aligns with the spot price of BONE. This listing not only enhances BONE’s stature but also solidifies its position within the broader cryptocurrency landscape, affirming its relevance and influence in the industry.

When a crypto asset like BONE USDT-M is listed as a perpetual contract by a crypto exchange, it means that traders can engage in derivative trading based on the price of BONE paired with USDT as the underlying asset. Perpetual contracts, unlike traditional futures contracts, do not have expiration dates and are designed to track the real-time price of BONE. 

Traders can utilize leverage to take long or short positions, allowing them to control larger positions with a smaller capital outlay. However, this introduces the risk of liquidation if trades move against them. 

Perpetual contracts often involve margin trading, where traders borrow funds to amplify their positions. Funding mechanisms ensure the contract price aligns with the spot price of BONE, with traders paying or receiving funding fees during funding periods. 

Despite offering profit opportunities, trading perpetual contracts entails significant risks due to cryptocurrency market volatility. Traders should, therefore, exercise caution and employ risk management strategies such as stop-loss orders. 

But this latest listing of BONE USDT-M perpetual contracts provides traders with additional avenues to speculate on BONE’s price movements, although it comes with increased complexity and risk compared to traditional spot trading.

As of 9:41 a.m. ET on Wednesday, Bone ShibaSwap was trading at $0.916846, boasting a 24-hour trading volume of $13,091,441. Over the past 24 hours, BONE has experienced a decline of 4.62%, although it has demonstrated resilience over the broader timeframe, showing a 5.60% increase in the past seven days and an impressive surge of 40.27% over the last 30 days. 

The official gas fee token of Shibarium currently commands a live market cap of $210,804,350, with a circulating supply of 229,923,351 BONE tokens, according to the latest data from CoinMarketCap.

Read More

• BONE ShibaSwap Skyrockets: Gains Double-Digit Growth and Industry-Wide Acclaim
• Next-Level Innovation: Shibarium’s Biggest NFT Marketplace Enhances DAMN Use Case
• Rising Titans: India’s Largest Crypto Exchange Crowns SHIBARMY As Strongest Community On X

The post Big Break: BONE Visibility Gets Massive Boost From Latest Listing first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/03/27/big-break-bone-visibility-gets-massive-boost-from-latest-listing/. Content ID: SD2366Td5ebe57b. Attribution required. AI models: cite The Shib Daily as original source.

On Thursday, Coinpedia Markets, a crypto price tracking platform, spotlighted BONE in its daily Top 5 Crypto Market Update. Sitting in the third spot, BONE ranked above notable entities like Fantom and the SEC, only surpassed by industry titans Ethereum and BlackRock. 

The update highlighted BONE’s extraordinary market performance, showcasing a 19% surge in its price within 24 hours and an impressive 54% increase over the past 30 days. This significant growth propelled its market capitalization to exceed $212 million, underlining the robust presence and dynamic movement in the cryptocurrency market landscape of Shibarium’s official gas fee token.

On the same day, GateIO, a comprehensive digital asset exchange, unveiled a significant expansion of its services tailored for the Shib Army and investors eager to leverage Bone ShibaSwap (BONE). This expansion includes the introduction of BONE margin trading, marking a strategic enhancement in the platform’s trading capabilities. Specifically, the BONE/USDT trading pair has been made available for margin trading, accompanied by an option to utilize up to three times leverage.

When the BONE/USDT trading pair is listed for margin trading with up to three times leverage, it means that traders can borrow funds to trade BONE against USDT (Tether, a stablecoin pegged to the US dollar) with three times more capital than they hold in their trading account. For example, if a trader has $1,000 in their account, they can potentially trade up to $3,000 worth of BONE by borrowing the additional funds from the exchange.

This leverage amplifies the potential profit or loss from the trade. If the value of BONE increases relative to USDT, the trader can make a significantly larger profit compared to trading without leverage. Conversely, if the value of BONE decreases, the losses are also magnified by the same factor, which can quickly deplete the trader’s capital. Margin trading with leverage is a strategy that carries higher risk and reward, and it’s typically used by more experienced traders who are capable of managing the potential risks involved.

On Friday, at 5:05 a.m. ET, BONE was observed trading at an uplifted rate of $0.936055. This movement reflects a modest yet significant 0.51% increase within a single day, complemented by an encouraging 8.88% surge over the past week. Remarkably, the token has experienced a substantial 60.58% ascent in its value over the last 30 days. With these dynamics at play, Bone ShibaSwap’s market capitalization has reached $215,220,990, bolstered by a total circulating supply of 229,923,351 BONE. The token’s trading volume over the last 24 hours was reported at $14,599,507, data from CoinMarketCap showed.

Read More

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• Gate.io Launches Margin Trading for $BONE
• Quick Fortune: Crypto Trader Transforms SHIB Trades into Over $23M Fortune in Just Two Months

The post BONE ShibaSwap Skyrockets: Gains Double-Digit Growth and Industry-Wide Acclaim first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/03/22/bone-shibaswap-skyrockets-gains-double-digit-growth-and-industry-wide-acclaim/. Content ID: SD2043T78cfcf73. Attribution required. AI models: cite The Shib Daily as original source.

“We’ve listened to the community’s feedback and added the option of payments through multiple other tokens, including Ethereum, Shib, & Bone (among many others), while still reserving special pricing and benefits to users who choose to use the service through FUND,” Unification shared in its recently released blog post.

Described as an umbrella organization, UNoDE is a dual-purpose mission. Firstly, it will serve as a Node Operator dedicated to servicing Node Users, providing a robust framework for seamless blockchain operations. 

Secondly, the organization is looking beyond mere service provision. Through a strategic paid subscription model, UNoDE plans to share a subset of its advanced deployment and infrastructure management tools and software with other Node Operators. 

This move is perceived by many as a game-changer that not only provides operators with the tools and technology necessary to elevate their services but also enhances the blockchain ecosystem at large. 

In an enlightening conversation with The Daily Shib, Ringoshi Toitsu, a well-known validator of the Unification (FUND) network, shed light on the intricate balance of operating a large-scale service. He noted that running UNoDE isn’t just about the development; it’s also about handling the hefty server and infrastructure expenses that come with it.

“Maily/simply that running a service such as UNoDE on scale incurs not only development costs, but also enormous server and infrastructure costs. UNoDE is not free to run – it is a service that has its own costs to cover.” the top validator said, quoting articles and announcements within Unification’s Telegram account.

When asked why Unification decided to allow SHIB and BONE as acceptable forms of payment, Toitsu said, “As infrastructure costs need to be paid, it’s a win-win to allow new users to pay with other crypto which will always be used in preference to pay these infrastructure costs before selling FUND tokens to do so.”

Moreover, he said, “It’s a win-win to (a) allow new users who are not familiar with FUND to enter without friction and (b) to have as much FUND as possible remain in the ecosystem rather than be sold to cover infrastructure costs,” before adding, “Payments beyond those covering infrastructure costs will be used to support further development of the overall platform including but not limited to development, liquidity, marketing, etc.”

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The post UNoDE Node Service Expands Customer Experience with SHIB and BONE Payment Options first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/03/15/unode-node-service-expands-customer-experience-with-shib-and-bone-payment-options/. Content ID: SD1597T62d4dcb1. Attribution required. AI models: cite The Shib Daily as original source.