Shiba Inu Sees 22M BONE Staked on Shibarium As Expert Says 40% of BONE Supply Expected to Be Staked

2y ago•

bullish:

bearish:

Experts say 30 to 40% of BONE supply will be staked as 22 million BONE now delegated to Shibarium.

Shibarium, the layer-2 protocol of the Shiba Inu (SHIB) network, was recently introduced. Despite initial debates surrounding its launch, the network is witnessing an impressive surge in user adoption and asset locking.

$1.36 million in locked assets

reports

Moreover, the crypto community has also demonstrated remarkable confidence in the Shiba Inu ecosystem by staking 17,488,499 (17.48 million) BONE tokens, equivalent to $22,035,509 ($22.03 million), on ShibaSwap decentralized exchange (DEX). This represents 7.6036% of the total BONE supply.

The combined total of assets locked on Shibarium and ShibaSwap DEX now stands at 39,489,711 (39.48 million) BONE tokens, with a valuation of $49,757,036 ($49.75 million). This staggering figure represents 17.1692% of the total BONE supply, which CoinMarketCap indicates stands at 230,003,023 (230 million) tokens.

Del Crxpto, a renowned crypto analyst and expert, has expressed optimism regarding Shibarium’s future. He believes that the Shiba Inu Community could eventually dedicate 30-40% of the total BONE token supply to staking, indicating that Shibarium’s ascent is far from over.