Shibarium’s central token BONE has gained a new listing on the crypto exchange StealthEX’s mobile trading app.
Founded in 2018, StealthEX is a non-custodial exchange that boasts of offering limitless swaps and exposure to over 700 cryptocurrencies.
Last November, the digital asset platform teased adding the entire SHIB trifecta, consisting of Shiba Inu, BONE, and Leash tokens, to its trading list.
Following the latest listing, BONE jumped by an impressive 36%+ in less than a week. At the time of writing this article, the token has risen by over 12% in the daily index to trade at $1.54.
The price surge coincided with the excitement surrounding the upcoming release of the Layer 2 Shibarium beta.
In fact, the Shiba Inu governance token emerged as the top gainer among the dog-themed coins, with its price increasing by nearly 15% on Jan. 16.
Within the Shibarium protocol, BONE is the native token chosen to pay gas transactions and reward validators and delegators.
Shibarium’s validators are essential to network players who run the Heimdall Validator and Bor block production nodes and lock up a set number of the underlying tokens to support operability security.
To become a validator, one must stake BONE, which requires a minimum of 10,000 tokens.
Delegators are BONE owners who choose to invest their tokens into validator nodes rather than managing their own validator nodes.
In addition to that, Shiba Inu’s governance token has recently achieved a new milestone ahead of the upcoming Shibarium beta release. It rapidly became the preferred option for many holders, setting a new high in this regard.
BONE Smash A New Record In Holders Count
According to data provided by etherscan.io, BONE’s holder count is currently hovering at 67,701.
That said, the token has gained enormous traction ever since the SHIB team announced BONE of being the sole token to actively generate transaction operability in Shibarium.
Recently, a DEX aggregator called OpenOcean announced that it has whitelisted the token, ahead of the Shibarium launch. Open ocean, a DEX, and a cross-chain swap aggregator provide swap returns with intelligent routes on most chains.
As anticipation for the arrival of Shibarium rises, the asset continues to draw notice, becoming one of Twitter’s top trending topics.
Likewise, SafePal, a multi-chain crypto wallet, has announced adding the support of the token in the iSafePal software wallet.