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HomeCrypto NewsMarketShiba Inu To Launch WBONE as Team Reveals Upcoming Shibarium Development Plans 

Shiba Inu To Launch WBONE as Team Reveals Upcoming Shibarium Development Plans 


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Shytoshi Kusama has shared new updates regarding Shiba Inu’s L2 blockchain Shibarium.

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Following the successful relaunch of Shibarium, Shiba Inu lead developer Shytoshi Kusama has provided an update on the next significant steps for the L2 blockchain.

According to a screenshot shared by Shiba Inu’s marketing team member Lucie, Kusama revealed that the development team will soon launch the official Wrapped BONE (WBONE) token.

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It bears mentioning that WBONE is the wrapped version of Bone ShibaSwap (BONE), the official gas token of Shibarium.

Kusama assured members of the official Shibarium Telegram group that there is no problem with WBONE development. He made this known a few hours after the Crypto Basic reported that Shiba Inu enthusiasts had delegated 19,825,860 (19.82 million) BONE tokens.

Team to Launch Smart Contract Verification This Week

Meanwhile, Kusama said Shibarium’s smart contract verification is on the way. He disclosed that the feature will roll out this week.

In addition, Kusama said the team will soon renounce the BONE contract. Notably, with the renunciation, it will be impossible for the team to mint new BONE tokens.

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Shiba Inu community members have called on the team to renounce the BONE contract. Enthusiasts of the project argue that BONE has not been listed on top exchanges because the token’s contract has not been renounced.

Plans are being made to renounce the BONE contract, as revealed by Kusama.

ShibaSwap Will Move to Shibarium Soon

Furthermore, Kusama also revealed that Shiba Inu’s decentralized exchange ShibaSwap will soon move to Shibarium.

It can be recalled that the team promised to transfer all Shiba Inu-related products, including its non-fungible token (SHIBOSHIS), ShibaSwap, and metaverse (Shib: The Metaverse) to Shibarium once it launches on mainnet.

With Shibarium live on mainnet, the team wants to start by moving ShibaSwap to the L2 blockchain. The lead developer revealed that Shibarium still has a long way to go in terms of development.

“Now on my end, we will focus on building decentralized systems and showcasing Shibarium projects,” Kusama added.

Shibarium was in private mode for over a week after encountering technical difficulties due to heavy traffic. Thanks to combined efforts from Shiba Inu’s developers, Unification team, and devs at Polygon, Shibarium was finally relaunched for public use.

Reacting, Kusama and top developer Kaal Dhairya expressed gratitude to Polygon developers for helping with Shibarium scaling.

Shibarium Wallets Surpass 70K

At the time of writing, Shibarium’s interacting wallets have exceeded 70,000. The number of wallets currently stands at 70,345, with 381,798 transactions processed so far.

Additionally, the total blocks on the Shibarium mainnet have reached 337,132, with an average block duration of 5.0 seconds.

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.



Lele Jima
Lele Jima
Lele Jima is a cryptocurrency enthusiast and journalist who is focused on educating people about how the nascent asset class is transforming the world. Aside from cryptocurrency-related activities, Jima is a lover of sports and music.

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