The Shiba Inu team has announced two major milestones that promise to enhance the utility and dynamics of its network. Shibarium, Shiba Inu\u2019s Layer 2 solution, has successfully achieved a substantial milestone in NFT minting. Concurrently, K9 Finance, the ecosystem\u2019s official staking solution, is set to launch a staking solution for BONE after passing a smart contract audit.<\/p>\n
Shibarium, which is designed to enhance transaction speeds and reduce costs for the Shiba Inu ecosystem, has recently seen over 140,000 NFTs minted with an expenditure of only about 800 BONE (roughly $310) in gas fees. This feat was highlighted by Shiba Inu\u2019s marketing lead, Lucie (@LucieSHIB), who shared<\/a> the success story via X.<\/p>\n Lucie emphasized the cost-efficiency and scalability of Shibarium, stating, \u201cWe\u2019re excited to share an incredible achievement from our Shiba Eternity beta closed<\/a> for Leash holders! So far, these dedicated testers have minted a staggering 140,000 NFTs on Shibarium, showcasing both the power and scalability of the platform. Even more impressive is the cost-efficiency: only around 800 BONE has been spent on gas fees for these transactions.\u201d<\/p>\n Lucie further noted that this milestone showcases one of Shibarium\u2019s key strengths<\/a>\u2014the ability to maintain extremely low transaction costs despite high volumes of activity. This feature makes Shibarium an ideal for NFT projects and other decentralized applications that require high throughput and cost efficiency. \u201cThis highlights one of Shibarium\u2019s key strengths\u2014extremely low transaction costs. Despite the high volume of minting, gas fees remain minimal, making it ideal for large-scale NFT projects,\u201d she remarked.<\/p>\n Lucie added: \u201cAnd don\u2019t forget\u2014Shib has over 1.4 million holders on-chain, far more than what is currently active, meaning our massive army has yet to fully embark on this DeFi journey through Shibarium.\u201d<\/p>\n During the beta phase, all gas fees were sponsored, which significantly lowered the barrier for creators to participate and mint NFTs without incurring upfront costs. \u201cAs we continue to build, Shibarium is proving to be both scalable and cost-effective, unlocking new opportunities for our community,\u201d Lucie added.<\/p>\n On another front, K9 Finance is preparing to launch its staking service<\/a> for the SHIB ecosystem on September 18, following a successful audit by SourceHat. This development is poised to provide SHIB holders with an opportunity to earn rewards by locking up their BONE tokens, thereby contributing to the security and robustness of the network.<\/p>\n K9 Finance\u2019s readiness for this launch was confirmed through a post on X, detailing the successful completion of the smart contract audit and the forthcoming staking feature. \u201cSmart Contract Audit Passed. The KNINE Liquid Staking & Farming contracts have been successfully audited by SourceHat. Launch Date: September 18th,\u201d the K9 Finance team announced<\/a>.<\/p>\n The Shiba Inu team described the anticipation surrounding this launch, noting, \u201cK9 has been working tirelessly to enhance community engagement and provided updates on its progress. With this staking solution, SHIB holders can lock up their tokens and earn rewards in return for securing the network.\u201d<\/p>\n At press time, SHIB traded at $0.00001320.<\/p>","protected":false},"excerpt":{"rendered":" The Shiba Inu team has announced two major milestones that promise to enhance the utility and dynamics of its network. Shibarium, Shiba Inu\u2019s Layer 2 solution, has successfully achieved a substantial milestone in NFT minting. Concurrently, K9 Finance, the ecosystem\u2019s official staking solution, is set to launch a staking solution for BONE after passing a […]<\/p>\n","protected":false},"author":0,"featured_media":4319,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-4318","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/4318"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4318"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/4318\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/4319"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4318"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Launch Date For Shiba Inu Staking Revealed<\/h2>\n