According to an update from the crypto exchange, the leading altcoin of the Shiba Inu (SHIB) ecosystem will be listed on Gate.io.
Gate.io is a top 20 exchange with over $800 million in 24-hour trading volume, Has been updated Thursday’s Shivaswap (BONE) trading page has a countdown to when the altcoin will go live.
Similar to Polygon (MATIC) on Ethereum (ETH), BONE will be used for gas pricing and governance of Shibarium, a long-awaited Layer 2 project designed to make Shiba Inu more efficient. It is also the native token of Shiba Swap, his Shiba Inu realm of decentralized finance (DeFi) and decentralized exchange (DEX).
Gatio.io’s BONE listing comes just as ShibaSwap has confirmed that a beta version of Shibarium will be released sometime next week.
The release dates for both the beta and official versions of Shibarium have been the subject of debate, with Shytoshi Kusama, the project’s pseudonymous lead developer, providing definite dates to avoid disappointment due to potential delays. says no.
Earlier this month, BONE was also listed on Bitget, another cryptocurrency exchange of similar size to Gate.io. The Shiba Inu community has filed a petition in early February asking Binance, the world’s largest cryptocurrency exchange, to list BONE, but Binance has yet to respond.
At the time of writing, BONE is up 45% over the last 30 days and just under 10% over the last 24 hours. Doge Killer (LEASH), another altcoin within the Shiba Inu ecosystem, has also outperformed the cryptocurrency market, currently up 150% year-to-date.
LEASH is expected to power the upcoming Non-Fungible Tokens (NFTs) and Shibaverse, a metaverse project for the Shiba Inu community. The exact utility of LEASH will be determined as we get closer to the Shibaverse release.
At the time of writing, LEASH is trading at $711 and has a market cap of $76 million.
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