Shiba Inu Set to Unveil Major Shibarium Update Soon

Shiba Inu’s marketing leader Lucie announced a major update for Shibarium’s Layer 2 blockchain, hinting at a significant development coming in less than nine days.

The focus is on knBONE, a key component of the network. Lucie revealed that a large amount of BONE currently held by validators will soon be unlocked and transformed into knBONE, which will boost liquidity on Shibarium.

This unlock presents new opportunities for users, particularly in staking and utilizing knBONE within the ecosystem. Developers are encouraged to create staking pools and integrate knBONE with NFTs.

The Layer 2 network currently processes about 1,890 transactions daily, and SHIB, the native token, has recently seen a price increase. The introduction of the ShibDev portal and ongoing token burns have also contributed to positive sentiment.

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Token Plummets 30% After Smart Contract Control Transfer

SHIB’s price rose by 2.5% to $0.00001342, reflecting broader market trends and increased investor interest, as indicated by a surge in futures open interest and derivatives volume. The token’s bullish outlook is supported by recent social media buzz and strategic ecosystem developments.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.