In a recent tweet, Lucie, Shiba Inu’s marketing specialist, has provided the crypto community with exciting insights into the ongoing developments within Shibarium, Shiba Inu’s Layer-2 blockchain. Lucie’s tweet hints at substantial progress “behind closed doors” that will soon showcase Shibarium’s strength and stability.
On a positive note:$BONE renouncing is currently underway as we speak, marking another crucial milestone in our journey.#Shibarium will soon demonstrate its strength and stability, with significant developments occurring behind closed doors.
— 𝐋𝐔𝐂𝐈𝐄 | ✨Shibarium✨ (@LucieSHIB) September 22, 2023
Shibarium’s Progress and BONE Contract Renouncement
One of the significant updates shared by Lucie involves the initiation of the process to renounce the contract of Bone ShibaSwap (BONE), which serves as Shibarium’s official gas token. Renouncing the BONE contract is viewed as a pivotal milestone in the journey of Shiba Inu’s ecosystem.
Crucially, the renouncement of the BONE contract signifies that the Shiba Inu team is relinquishing ownership and control over the token’s contract. Moreover, the team will no longer possess the ability to mint new BONE tokens after the contract is renounced.
The community had been persistently advocating for the renunciation of the BONE contract, prompting Shiba Inu developer Kaal Dhairya to shed light on the intricacies of the process. Given the complexity involved in renouncing the contract, Dhairya revealed that a new dummy token, named Calcium, would be created as part of the BONE renouncement process.
In a recent tweet, Dhairya reiterated the progress of the BONE renouncement, cautioning the community against trading Calcium due to its lack of liquidity.
Shibarium’s Rapid Adoption and Milestones
While these developments unfold, Shibarium is experiencing widespread adoption, with the project’s team diligently working behind the scenes. Shibarium achieved a significant milestone by surpassing 3 million transactions and amassing 1.25 million wallets in less than a month since its public relaunch.
At the time of reporting, Shibarium boasts a total transaction count of 3,077,406 (3.07 million) and has garnered interactions from 1,250,305 (1.25 million) addresses. These impressive statistics underscore the growing interest and participation in the Shibarium ecosystem.
As Shibarium continues to make strides in its development and adoption, the crypto community eagerly anticipates further updates and looks forward to witnessing the evolution of Shiba Inu’s Layer-2 blockchain. Shibarium’s ongoing advancements serve as a testament to the innovation and resilience within the broader cryptocurrency landscape.