GroveX Exchange Lists Shiba Inu’s Governance Token, Bone ShibaSwap; Shiba Inu Community Stakes Over $24 Million on Shibarium
In a significant development for the cryptocurrency community, GroveX, a leading digital currency exchange, has officially announced the listing of Shiba Inu’s Governance token, Bone ShibaSwap, on its platform.
Facts about GroveX Exchange
GroveX Exchange, known for its comprehensive range of services including spot trading, futures trading, and margin trading, has added Bone ShibaSwap’s native token, BONE, to its roster. Users of GroveX can now access the deposit feature for BONE, with the withdrawal feature set to go live on September 8 at 7:00 PM AEST. This move is expected to provide greater accessibility and liquidity for BONE traders and enthusiasts.
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📣New Listing Alert📣@Shibtoken
will be listed on #GroveX. Details are as follows:Trading Pairs:
🔸#BONE/#USDT
🔸#BONE/#BUSDListing Date & Time:
🔸08/09/2023 at 7:00 PM AESTDeposits: Now Open
Withdrawals Open: 08/09/2023 at 7:00 PM AEST.https://t.co/oPrpP6MQQF… pic.twitter.com/tQpVEjAsay
— GroveX (@GroveXchange) September 4, 2023
Shiba Inu, a prominent name in the cryptocurrency space, recently unveiled a new digital currency known as Wrapped BONE (WBONE). WBONE serves as a standardized version of the original BONE token and is designed to facilitate seamless interactions within the Shibarium network. Its primary objective is to simplify the process of connecting and utilizing non-native cryptocurrencies across different networks and decentralized applications (dApps).
Remarkable Staking Activity on Shibarium
Etherscan.io, a renowned blockchain explorer, has unveiled staggering statistics regarding the Shiba Inu community’s engagement with the Shibarium network. As of now, Shiba Inu enthusiasts have staked an impressive 24,338,488 (24.33 million) BONE tokens, valuing at a substantial $24,508,858 ($24.50 million). This significant stakeholding represents approximately 10.5818% of the total BONE token supply, underlining the community’s strong commitment and belief in the Shibarium ecosystem.
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Shibarium Reaches 1 Million Transactions Milestone
Shibarium, a Layer 2 protocol integrated into the SHIB network, has achieved a remarkable milestone by processing over 1 million transactions. This milestone stands as a testament to the network’s robustness and its widespread adoption within the crypto community.
Shibariumscan.io, a dedicated blockchain explorer for Shibarium, reports that the network has successfully handled 1,065,521 (1.06 million) transactions. Alongside this, the count of registered wallet addresses continues to surge, with an impressive tally of 1,117,471 (1.11 million) addresses. This growth in user engagement highlights Shibarium’s position as a promising Layer 2 solution for the burgeoning SHIB ecosystem.
The addition of BONE trading pairs on GroveX Exchange, coupled with the introduction of Wrapped BONE (WBONE), signifies a significant step forward for the Shiba Inu community and the broader cryptocurrency landscape. With Shibarium’s impressive transaction volume and expanding user base, it’s clear that the SHIB network and its associated projects are continuing to gain momentum and solidify their presence in the crypto industry. As the crypto space evolves, these developments are poised to shape the future of decentralized finance (DeFi) and blockchain technology.
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