Coin Edition -
- Shiba Inu’s Shibarium cuts bridge time to Ethereum by 93%.
- Faster transfers aim to improve user experience and network efficiency.
- Upgrade benefits developers, users, and governance participation
Shiba Inu’s Layer 2 blockchain, Shibarium, has implemented significant improvements to its bridge to Ethereum. This upgrade dramatically reduces transfer times for BONE tokens, the network’s governance token, from seven days to a mere 45 minutes. The move prioritizes user experience and aims to enhance network efficiency.
This development coincides with a period of positive momentum for Shibarium. The network’s Total Value Locked (TVL) has grown by 17% in just five days, reaching $2.47 million. Additionally, the price of BONE has seen an increase of nearly 2% within the last 24 hours, currently trading at $0.6865 amidst higher trading volumes.