Bitrabo Editorial
The Shiba Inu team has recently unveiled two significant milestones that are set to enhance the functionality and efficiency of its network. The first milestone involves Shibarium, the Layer 2 solution for Shiba Inu, achieving a breakthrough in NFT minting. Additionally, K9 Finance, the official staking platform of the ecosystem, is gearing up to introduce a staking service for BONE following a successful smart contract audit.
Over 140,000 NFTs Minted on Shibarium
Shibarium, designed to boost transaction speeds and reduce costs within the Shiba Inu ecosystem, has witnessed the minting of over 140,000 NFTs with a gas fee expenditure of around 800 BONE (approximately $310). Lucie, Shiba Inu’s marketing lead, shared the accomplishment on X, highlighting the scalability and cost-effectiveness of Shibarium. She emphasized the platform’s ability to maintain low transaction costs even with high volumes of activity, making it an ideal choice for NFT projects and decentralized applications.
Lucie noted that during the beta phase, all gas fees were covered, reducing barriers for creators to mint NFTs without upfront costs. She mentioned that Shibarium’s scalability and cost-effectiveness are unlocking new possibilities for the community, with over 1.4 million SHIB holders yet to explore the DeFi journey through Shibarium.
Staking Service Launch Date Revealed
K9 Finance is all set to launch its staking service for the SHIB ecosystem on September 18, post a successful audit by SourceHat. This upcoming staking feature will allow SHIB holders to earn rewards by locking up their BONE tokens, contributing to the network’s security and strength.
The K9 Finance team confirmed the readiness for the launch after a smart contract audit by SourceHat, mentioning that the KNINE Liquid Staking & Farming contracts had successfully passed the audit. The staking solution aims to engage the community and provide rewards to SHIB holders for securing the network. The Shiba Inu team expressed excitement about the upcoming launch and the benefits it will bring to the ecosystem.
The current trading price for SHIB stands at $0.00001320.