Shiba Inu token BONE sets new adoption benchmark
BONE is the Shibarium network's gas token; hence, the increase in total addresses might have been spurred by those wishing to interact with the novel Shibarium blockchain., BONE, at a certain point in the past week, saw the addition of over 2,000 addresses in a single day.
Per Shibarium documentation, stakers are rewarded for helping to validate the ledger. They do this by delegating their stake to validator nodes. Validators, by definition, run a full node and protect the network by staking BONE to generate blocks, validate and participate in PoS consensus.That said, the amount of BONE staked on Shibarium continues to increase. At the start of the week, U.Today reported this to be over 19 million.
Despite the significant milestones attained, BONE's price has significantly failed to move of late as profit-taking has taken effect. BONE has been steadily declining since attaining highs of $1.45 on Aug. 25. At the time of writing, BONE was down 3.58% in the last 24 hours to $1.22. The token is likewise down 10.97% in the last seven days.
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