Shibarium: Biggest Catalyst for Shiba Inu Ecosystem

• Shibarium is a layer-2 scaling solution for Shiba Inu that is currently in the beta phase.
• Bone ShibaSwap (BONE) will be used to pay gas fees on Shibarium and has been listed on exchanges like Uniswap, Huobi, and more.
• Shiba Inu developer Ragnar Shib clarified that BONE contract should not be renounced in order to list it on major exchanges.

Shibarium: The Biggest Catalyst For The SHIB Ecosystem

Shibarium is considered the biggest catalyst for a thriving Shiba Inu ecosystem. Currently, the layer-2 scaling solution for Shiba Inu is in the beta phase, and an exact launch date is not yet known. Previous statements indicate that Shibarium will launch on the mainnet before the end of 2023, but audits are planned before that, as Shiba Inu lead developer Shytoshi Kusama recently revealed.

Bone ShibaSwap (BONE)

One token that will become significantly more important to the SHIB ecosystem once Shibarium is live is Bone ShibaSwap (BONE). BONE will be the only token that can be used to pay gas fees on Shibarium. This means that the token will have an additional use case that is of extremely high importance. Every transaction on the layer-2 network must be paid in BONE. Despite this, BONE has only been listed on a few major central exchanges (DEXs) so far such as Uniswap, Huobi,, OKX, Bitget and MEXC with Uniswap having largest trading volume of all these exchanges. However, leading exchange platforms like Binance and Coinbase have still refused to list BONE despite its importance in the SHIB ecosystem once Shibarium launches..

FUD Cleared By SHIB Developer

The rumor has it that the BONE contract must be renounced in order to be listed on the major exchanges which was cleared up by SHIB developer Ragnar Shib (@RagnarShiba) recently who stated categorically no such thing needs to happen as otherwise rewards for validators verifying transactions in Shapirium network won’t work due to mint function being disabled if contract gets revoked.. Furthermore he stated 20 million out of 250 million total supply of BONES are reserved for validators which need to get minted too which would also get disabled if contract gets revoked .This made it clear why listing of BONES isn’t possible without disabling its contract .


In conclusion , we can say Bones contract doesn’t need to get revoked for its listing at any major exchange as many other big exchange have already listed it including UNISWAP , Huobi etc . Its important role as reward giving token after shibariam goes live also clearly shows us why revoking contracts wont help them getting listed at any major exchange platform .