Shibarium's Total Value Locked (TVL) has experienced a significant increase of 17% following enhancements to expedite BONE token transfers to Ethereum. The L2 solution has notably improved transaction speed for BONE token transfers, leading to a surge in Shibarium TVL.

Efficient BONE Token Transfers on Shibarium Bridge

Bone ShibaSwap token holders can now transfer their BONE holdings in a record time of 45 minutes, a substantial improvement from the previous seven-day waiting period. This advancement showcases Shibarium's commitment to technological progress and operational efficiency, aiming to provide a smoother experience for users and enhance ecosystem stability.

The reduction in transfer time from Shibarium to Ethereum is a strategic move to prioritize user experience and network efficiency over prolonged interaction periods that could influence token prices. This shift towards quicker and more seamless processes is expected to positively impact the Bone ShibaSwap ecosystem and its participants.

Lucie Sasnikova, a technology and marketing specialist within the Shiba ecosystem, announced this significant improvement on social media, highlighting the benefits it brings to the community and network users.

The Shibarium L2 ecosystem is poised to benefit significantly from these enhancements, particularly within the realm of Decentralized Finance (DeFi) protocols. Data from DefiLlama indicates a notable increase in Shibarium's TVL, rising from $2.11 million on May 24 to $2.47 million currently, reflecting the growing confidence and activity within the Shibarium ecosystem.

New System for BONE Token Transfers

Under the new operational system, all BONE token exits from the Shibarium ecosystem will undergo a checkpoint process to streamline asset management for holders and facilitate the development of complex applications on the L2 chain. While this enhancement applies to current transfers, those initiated before the upgrade will still adhere to the previous seven-day waiting period.

The price of BONE has seen a nearly 2% increase in the last 24 hours, trading at $0.6865 with a 15% surge in trading volume, indicating growing interest and activity within the Bone ShibaSwap ecosystem.