Recent enhancements to the Shibarium bridge have significantly improved the transfer speed of Bone ShibaSwap tokens, increasing transaction volume by 15%.

Faster BONE Transfers on Shibarium Bridge

Shibarium has announced that Bone ShibaSwap token holders can now transfer their BONE assets in just 45 minutes, a substantial improvement reflecting the platform's commitment to advancing technology. This update promises a more efficient transaction process. Previously, users experienced a seven-day delay when transferring BONE tokens from Shibarium to the Ethereum network. This lock-in period was meant to extend interaction with Shibarium's Layer-2 solution, potentially supporting the Bone ShibaSwap price.

Impact on BONE Token Transfers

The recent changes aim to enhance user experience, network efficiency, and ecosystem stability, which could positively impact BONE’s market value. Lucie Sasnikova, a well-known technology and marketing expert for Shibarium and the Shiba ecosystem, clarified these changes on X (formerly known as Twitter). The update promises smoother processes for community members and network users, reinforcing Shibarium L2's dominance among Decentralized Finance (DeFi) protocols.

Increased TVL on Shibarium

According to DefiLlama, the Total Value Locked (TVL) on Shibarium increased by 17% within five days, rising from $2.11 million on May 24 to $2.47 million currently. The Shibarium development team stated that this new system will serve as a checkpoint for all BONE token exits from the Shibarium ecosystem. BONE holders can now manage their assets faster, and project creators can develop complex applications more efficiently on the L2 chain.

Transition Period for Existing Transfers

It's important to note that tokens processed before the upgrade will still be subject to the seven-day waiting period. Currently, BONE is trading at $0.6926, after a 1.6% drop in the last 24 hours.

In conclusion, the recent improvements to the Shibarium bridge have significantly sped up BONE token transfers, benefiting users and potentially supporting BONE’s market value. These changes highlight Shibarium's focus on user experience and network efficiency, marking a significant milestone for the platform.