Shiba Inu (SHIB) Ecosystem Altcoin Rises Over 40% in One Week Amid Selection As the Network’s Sole Utility Token

Bone ShibaSwap (BONE) has become the only utility token available in the Shiba Inu (SHIB) ecosystem and is rapidly increasing in value.

The soon-to-launch Shibarium blockchain is expected to be a layer 2 upgrade of the Shiba Inu network, choosing BONE as the utility token to use for blockchain transaction fees and other activities.

The token surged over 40% last week in the news.

according to Sibarium business,

“This is to confirm and validate from us, the official source, that BONE continues to be the only token of choice for gas fees and usage. No other token is required to do so.

Additionally, to be strictly clear, Sibarium was developed for the SHIB token and not because of other projects claiming ownership or speculation around its operational reliance on other tokens.

This layer belongs to the community and is a solid foundation for innovation while evolving SHIB as an ecosystem. We will always support the Shiba Inu and its growth. “

The price of BONE has risen about 42.5% from a low of $0.779 on December 29, 2022 to a high of $1.11 on January 5.

As of this writing, BONE is changing ownership for $1.13.

It’s unclear when the Shibarium network will actually start, but it’s an exception.

To tell The creator of the Shiba Inu known as Trophias,

“As for Sibarium… I think some people will be upset because they were expecting the long-awaited Sibarium update. We needed a solid place to provide information and such.”

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