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Shibarium Turbocharges BONE Transfers, K9 Finance Soars Too
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- 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
Share:
- 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
Can Ethereum Resist TradFi’s Push Toward Centralization? Buterin Speaks Out