Shiba Inu's Shibarium Attracts Massive BONE Staking

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Shiba Inu's Shibarium Attracts Massive BONE Staking
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Shiba Inu's blockchain platform, Shibarium, is experiencing a multi-faceted surge in activity

tokens via contracts on the Ethereum mainnet. Rewards are then distributed proportionally to all stakers at every network checkpoint.However, it's worth noting that despite the surge in staking activity, the price of BONE tokens has experienced a 4% decline, according to data from

. As of the latest update, the BONE ShibaSwap price stands at $0.925203, with a market cap of $212.7 million. Shibarium, the blockchain platform of Shiba Inu, is not just seeing a surge in staking activity but also in overall transactions. nearly 1.5 million total transactions, with an average block time of 5.0 seconds.

Additionally, the platform boasts over 1.1 million wallet addresses and a daily transaction rate of 88.63K. These numbers indicate a robust and active network, further solidifying Shibarium's growing influence in the crypto space.

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