Shibarium Turbocharges BONE Transfers, K9 Finance Soars Too
- Shiba Inu’s Shibarium cuts bridge time to Ethereum by 93%.
- Faster transfers aim to improve user experience and network efficiency.
- Upgrade benefits developers, users, and governance participation
Shiba Inu’s Layer 2 blockchain, Shibarium, has implemented significant improvements to its bridge to Ethereum. This upgrade dramatically reduces transfer times for BONE tokens, the network’s governance token, from seven days to a mere 45 minutes. The move prioritizes user experience and aims to enhance network efficiency.
This development coincides with a period of positive momentum for Shibarium. The network’s Total Value Locked (TVL) has grown by 17% in just five days, reaching $2.47 million. Additionally, the price of BONE has seen an increase of nearly 2% within the last 24 hours, currently trading at $0.6865 amidst higher trading volumes.
— Shibarium Network (@ShibariumNet) May 29, 2024
Get ready for a much faster and smoother experience #SHIBARMY
We’ve cut down the bridge time from #Shibarium to Ethereum from 7 days to approximately 45 minutes!
Previously, Shibarium employed a week-long lock-in period for BONE withdrawals. This design aimed to encou…
The post Shibarium Turbocharges BONE Transfers, K9 Finance Soars Too appeared first on Coin Edition.
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Shibarium Turbocharges BONE Transfers, K9 Finance Soars Too
- Shiba Inu’s Shibarium cuts bridge time to Ethereum by 93%.
- Faster transfers aim to improve user experience and network efficiency.
- Upgrade benefits developers, users, and governance participation
Shiba Inu’s Layer 2 blockchain, Shibarium, has implemented significant improvements to its bridge to Ethereum. This upgrade dramatically reduces transfer times for BONE tokens, the network’s governance token, from seven days to a mere 45 minutes. The move prioritizes user experience and aims to enhance network efficiency.
This development coincides with a period of positive momentum for Shibarium. The network’s Total Value Locked (TVL) has grown by 17% in just five days, reaching $2.47 million. Additionally, the price of BONE has seen an increase of nearly 2% within the last 24 hours, currently trading at $0.6865 amidst higher trading volumes.
— Shibarium Network (@ShibariumNet) May 29, 2024
We’ve cut down the bridge time from #Shibarium to Ethereum from 7 days to approximately 45 minutes!
Previously, Shibarium employed a week-long lock-in period for BONE withdrawals. This design aimed to encou…
The post Shibarium Turbocharges BONE Transfers, K9 Finance Soars Too appeared first on Coin Edition.
Read More
Ethereum Price Eyes $3.5k Next Fueled By Renewed Demand from Institutional Investors