Should BONE Holders Worry About Shibarium’s Delayed L2 Launch?
BONE holders, eagerly anticipating the launch of Shibarium as a promising Layer 2 (L2) scaling solution by Shiba Inu (SHIB), may find themselves grappling with a pressing question: should they be concerned about the delay in Shibarium’s release? As Shiba Inu strives to address criticisms regarding the practicality of meme coins, the delayed launch of Shibarium raises uncertainties about its impact on the overall utility and value proposition of the token Bone ShibaSwap.
Related Reading: Shiba Inu All Green Today – What’s The Energy Behind The Glow? ShibaSwap Ecosystem: BONE Token’s Role And Shibarium L2 Integration ShibaSwap, a decentralized finance (DeFi) protocol launched in July 2021, offers a range of passive income-generating services such as staking, liquidity pools, and yield farming.
Its primary aim is to enhance the utility and capabilities of the Shiba Inu ecosystem.
Latest updates on #Shibarium A spokeperson from the team said that testing is going well, and they are speeding up the release and, in his opinion (not a fact), August might be a good target for release.#SHIBA #Crypto #BONE #LEASH pic.twitter.com/FJX4ZpK4Fl — SHIB INFORMER (@ShibInformer) May 23, 2023 Within the ShibaSwap ecosystem, the BONE token functions as a governance token, granting BONE holders the ability to propose and vote on protocol changes through the Shiba Inu Doggy DAO.
This empowers the community to actively participate in shaping the future of ShibaSwap.
Furthermore, BONE has an additional crucial role as the gas token for Shibarium, the upcoming L2 blockchain.
Currently in its test Beta phase, Shibarium promises to bring improved scalability and efficiency to the Shiba Inu ecosystem. Meanwhile, the L2 scaling solution of Shibarium will likely be released in July or the third quarter of this year, according to recent statements made by the project’s principal developer: Yesterday, @shibarium_ guessed that the launch of the mainnet would be in August, while my guess is for Q3 and @ShytoshiKusama guessed July.
Shiba team is confident about the launch and have multiple teams working on it, including AI integration.
Our estimate is for 2023, and…