Shiba Inu’s marketing lead, Lucie, has called for Binance to list Bone ShibaSwap (BONE), emphasizing its vital role in the ecosystem. This push coincides with the success of K9 Finance’s new liquid staking platform, Bonecrusher, which has already amassed significant engagement.
Why Binance Should List BONE
On September 20, Lucie urged Binance to add BONE to its tradable assets, citing its critical utility:
- Gas Fees on Shibarium: BONE powers transaction fees on Shibarium, Shiba Inu’s Ethereum-based Layer-2 network.
- Decentralized Governance: Holders vote on key network decisions.
- Limited Supply & Utility: Fixed supply enhances scarcity, while its use in ShibaSwap and SHIB burns adds value.
Lucie noted:
“BONE is integral to the SHIB ecosystem. It’s used for Shibarium gas fees and has 95,000 holders—compared to SHIB’s 3.8 million followers.”
Despite listings on exchanges like OKX, Binance’s omission remains a pain point for the community.
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Liquid Staking Gains Momentum
Shiba Inu’s official X account highlighted the rapid adoption of K9 Finance’s Bonecrusher, a liquid staking platform launched on September 18:
- 2.5 million BONE staked within 48 hours.
- $1.5 million TVL locked for knBONE (K9’s liquid staking token).
- 50% of KNINE’s supply locked for ~10 months.
Buzz, K9’s founder, reported:
“Shibarium transactions rose 82% post-launch. K9 is now Shibarium’s largest DeFi protocol by TVL.”
Key Takeaways
- Exchange Advocacy: Binance listing could amplify BONE’s liquidity and visibility.
- Staking Surge: Bonecrusher’s success reflects strong community trust.
- Ecosystem Growth: Shibarium’s TVL and transaction uptick signal accelerating adoption.
FAQs
Why is BONE important to Shiba Inu?
BONE powers Shibarium’s gas fees, governs ShibaSwap, and facilitates SHIB burns.
What is liquid staking?
It lets users stake tokens (like BONE) while retaining liquidity via derivative tokens (e.g., knBONE).
How has K9 Finance impacted Shibarium?
Its TVL dominance and locked KNINE supply demonstrate robust demand for Shibarium DeFi.
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Conclusion
Lucie’s Binance appeal and K9’s staking milestones underscore BONE’s expanding utility. As Shibarium activity grows, exchange support could further propel the Shiba Inu ecosystem.