thecryptobasic.com
Shiba Inu’s Layer-2 scaling solution, Shibarium, has integrated with two prominent crypto platforms, CoinMarketCap (CMC) and CoinGecko.
The news was shared by K9 Finance, a liquid staking and derivatives platform, which recently became the latest partner of the Shibarium ecosystem.
“We are proud that Shibarium is now on CMC and CoinGecko. Another great stride is being made for Shibarium, which will help the growth of K9,” the K9 Finance team remarked.
K9 Finance stated that the integration with CoinGecko and CoinMarketCap will help put all Shibarium-based projects in the spotlight, including its upcoming native token, KNINE.
KNINE Token to Launch in March
Recall that K9 Finance was unveiled as an official partner of Shibarium earlier this month. The liquid staking and derivatives platform will launch on the Shibarium network soon.
Upon its launch, users can stake their BONE and receive the knBONE liquidity token. With the knBone token, users can retain the value of their already staked BONE. Interestingly, users can trade and lend the liquidity token, thus maximizing their earnings.
In the meantime, K9 Finance has announced the date for the upcoming launch of its native token, KNINE. According to an announcement yesterday, KNINE will launch on March 7, 2024.
The news comes over two weeks after the team concluded the presale of KNINE. In a January 31 announcement, K9 noted that the token’s presale was successful as demand exceeded supply.
As a result, it promised to schedule a date for the token generation event. Now, the team, through its DAO founder and X user ‘Buzz.Shib’, has finally announced the date for the event, which will go live on March 7.
$KNINE will launch March 7th @K9finance 🐶#K9Unit
— Buzz.Shib | Shibarium (@buzzdefi0x) February 16, 2024
Shibarium Records Significant Progress
Meanwhile, Shibarium has continued to record significant strides since its mainnet launch in August 2023. The L2 blockchain is now supported across multiple wallets and exchanges, including Gate.io, Exodus Wallet, Atomic Wallet, and Frontier Wallet.
Notably, Shibarium’s integration on various platforms has contributed immensely to a spike in its user activities. At press time, Shibarium boasts over 352 million total transactions, 1.35 million addresses, and more than 3.2 million blocks minted.