🔥🔥LASTEST NEWS‼Shibarium Relaunch Fuels BONE Price Surge and Uptick in Transaction Volumes💥

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Shibarium is an Ethereum layer 2 blockchain built to power transactions across the Shiba Inu ecosystem. However, upon its debut on August 17, the new network was plagued by congestion.

Following the successful reopening of the Shibarium network, BONE transfers spiked to nearly 13,000 on August 24.

A look at the data reveals that the number of new addresses and daily active addresses also surged. According to Etherscan, over 90,000 crypto wallets now hold the token.

At the same time, BONE, the native token of the Shibaswap decentralized exchange, defied a bearish trend that has suppressed the crypto market all week, gaining 20% in 24 hours. 

During the past seven days, the value of BONE has increased by over 18%, more than making up for losses sustained at the time of Shibarium’s failed launch. 

Meanwhile, major cryptocurrencies, including Bitcoin and Ethereum, are trading more than 10% below their prices from last month.

On the other hand, after a strong performance in recent days, BONE’s monthly change has taken it in the opposite direction. 

Although BONE has bucked the wider market trend, equivalent gains haven’t been observed across the Shiba Inu ecosystem.