Shiba Inu-related tokens, SHIB and BONE, have seen their values rise after lead developer of the meme coin, Shytoshi Kusama, announced a launch date for Shibarium in August.
in blog post On Thursday, Kusama revealed that the project will sponsor the Blockchain Futurist Conference, which will be held in Toronto in August. At this location the completed WorldPaper project will be displayed. The Shibarium-2 layer will also be discussed at the event, and “there is a very high probability of its launch.”
Shibarium gets a launch date
Kusama has also written about the Shiba Inu ecosystem becoming fully decentralized and mentioned that this will happen through Decentralized Autonomous Organizations (DAO).
The developer announced its plan to introduce DoggyDAO, a financing mechanism in Shibarium that SHIB holders will operate to support projects.
The Shibarium Layer-2 Network is one of the most anticipated projects this year, particularly within the Shiba Inu ecosystem. With a release date now set for August, many will be looking forward to what it has to offer.
Meanwhile, on-chain data indicates that Shibarium will enjoy significant community adoption. her doll testnet It has already recorded more than 28 million transactions and 17 million wallet addresses in less than five months since its launch.
Since the announcement, BONE, the native token of the layer2 network, has seen a significant rise in its value. According to data from BeInCrypto, BONE is up 51% in the past seven days, reaching $1.43 as of press time.
This news seems to have positively affected SHIB, which enjoyed a rapid rally over the weekend. According to data from BeInCrypto, SHIB stock rose to $0.00000777 after gaining nearly 6% in the past 24 hours.
Blockchain analytics firm Santiment has noticed that cryptocurrency traders are regaining interest in the meme coin. Over the past week, there have been 14 whale transfers that exceeded $1 million — the highest level in the past three months.
Besides, the number of unique tokens in circulation for SHIB also reached a 3-week high.
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