As a researcher with years of experience in the crypto space, I must admit that the latest development from the Shiba Inu team is quite intriguing. The ability to buy BONE tokens directly using credit cards on the Shibarium network is indeed a significant step forward in terms of user-friendliness and accessibility.
As an analyst, I’m thrilled to announce that we, the Shiba Inu team, are once again reaching new heights. We’ve successfully integrated a new payment method within our Shibarium network – card payments for BONE transactions on the Ethereum Layer 2 network. This development makes it more effortless than ever for potential investors to join our vibrant Shiba Inu community, taking one step closer to our collective success.
Buying BONE Tokens With Credit Cards
On a recent update from X (previously Twitter), Shiba Inu’s marketing head, LUCIE, announced a significant advancement within the Shibarium ecosystem. The post detailed that investors now have the option to purchase BONE, the token used in the Shibarium Layer 2 network, directly via their credit cards.
With this update, users of the Shibarium network can now purchase BONE coins directly without needing to go through a complicated bridging process. Instead, they can easily buy the coin and utilize it for carrying out transactions on the Ethereum Layer 2 network.
Tired of bridging?
Now you can buy $BONE on #Shibarium directly with your card
β πππππ (@LucieSHIB) August 13, 2024
The announcement was met with approval from the community, with several praising the Shiba Inu team for their hard work. In fact, some members have started utilizing the service themselves. A user named @sand_ShibArmy shared a photo of a successful transaction where they purchased BONE tokens using their credit card.
“The test has been a success! It’s simple, quick, and affordable! Faster and more cost-effective than purchasing ETH via Metamask! Give Shibarium a try and stock up on your $BONE tokens! Why wait, #ShibArmy? This is the optimal way to access funds!”
Shiba Inuβs Shibarium With Adoption
Despite the recent progress, Shibarium’s network has persistently faced challenges in gaining widespread acceptance. It currently ranks among the least successful Ethereum Layer 2 networks, boasting a Total Value Locked (TVL) of just $1.25 million. In contrast, competitors like Arbitrum and Polygon have TVL figures in the hundreds of millions to billions of dollars.
The trend shows consistent drops in key performance indicators. For example, daily active accounts have dropped to just 87 wallets each day. In contrast, other platforms process hundreds of thousands of transactions daily, while Shibarium currently handles approximately 768 transactions daily.
On a typical day, approximately 2 contracts are added to the network, indicating a noticeable disinterest among developers towards this particular blockchain. Furthermore, there’s been a significant decrease of more than 60% in the production of new blocks, falling below the 6,000 mark as we currently stand.
As a researcher delving into this new development, I haven’t observed any positive impact on pricing so far. From the data I’ve gathered from CoinMarketCap, the BONE token has dipped nearly 3% over the past day, currently trading at $0.4178. This decline has resulted in a fully diluted market capitalization of approximately $104 million.
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2024-08-15 18:39