Wrapped BONE and Blockscout Explorer Launch on Shibarium

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Shibarium, the Layer 2 blockchain solution designed to scale the Shiba Inu ecosystem, has reached a major milestone: 1 million wallets. This achievement marks a pivotal moment in its journey toward becoming a leading decentralized platform. Alongside this growth, Shibarium has introduced a hosted Blockscout explorer, expanded its token bridge, and verified the Wrapped BONE (WBONE) smart contract—boosting transparency, interoperability, and user trust.

With these upgrades, Shibarium is positioning itself not just as a fast and low-cost network, but as a robust infrastructure ready for widespread adoption and developer innovation.

Shibarium Reaches 1 Million Wallets

The announcement of 1 million active wallets on Shibarium was shared by Kaal Dhairya, a core developer linked to the Shiba Inu project, on September 3, 2023. This metric underscores growing user confidence and network engagement.

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While some community members have voiced concerns over extremely low gas fees—questioning whether they reflect real economic activity—the development team views this as a strategic advantage. Near-zero transaction costs lower barriers to entry, enabling mass participation, microtransactions, and experimental dApp usage without financial friction.

Reaching this wallet milestone solidifies Shibarium’s status among the fastest-growing Layer 2 networks in the crypto space. It also signals strong organic adoption beyond speculative trading, with users actively engaging in staking, minting, and decentralized application interactions.

Introducing the Hosted Blockscout Explorer

Transparency is critical for trust in decentralized systems. To support this principle, Shibarium has launched a hosted version of the Blockscout explorer, accessible via Shibariumscan.

This deployment allows the core team to focus on core protocol upgrades while ensuring that blockchain data remains publicly available, fully indexed, and easy to navigate. Users can now explore transactions, track token movements, verify smart contracts, and audit network activity in real time.

Blockscout integration also empowers developers and security researchers to perform due diligence. The team encourages all users to "Do Your Own Research" (DYOR) and leverage the explorer’s contract verification tools before interacting with any project on the network.

“Transparency isn't optional—it's foundational. With Blockscout live, every contract, transaction, and address is open for inspection.”
— Shibarium Development Team

This move aligns with broader industry trends emphasizing on-chain visibility and accountability, especially in ecosystems experiencing rapid growth.

Token Bridge Expansion Enhances Interoperability

To increase utility and cross-chain compatibility, Shibarium has expanded its token bridge to support additional major cryptocurrencies:

This expansion significantly improves capital efficiency across chains, allowing users to bring stablecoins and blue-chip assets directly onto Shibarium. It opens doors for decentralized finance (DeFi) protocols, NFT marketplaces, and gaming platforms that rely on diverse asset support.

Furthermore, the recent verification of the Wrapped BONE (WBONE) contract at address 0xC76F4c819D820369Fb2d7C1531aB3Bb18e6fE8d8 adds another layer of security. Public verification means anyone can inspect the code for vulnerabilities or malicious logic—ensuring WBONE operates as intended within the ecosystem.

WBONE serves as a bridged version of BONE, Shibarium’s native utility and governance token, facilitating cross-chain liquidity and enabling participation in staking, governance, and yield opportunities across multiple networks.

Future Roadmap: Contract Renouncement and Validator Growth

Looking ahead, Shibarium has outlined key initiatives aimed at decentralization and long-term sustainability:

1. Renounce the BONE Token Contract

Contract renouncement will permanently remove administrative control from the development team, making the token fully decentralized. Once renounced, no single entity can alter supply rules or freeze accounts—this is a crucial step toward true community ownership.

2. Add More Validators

Shibarium plans to onboard additional validators to improve network resilience, reduce centralization risks, and enhance consensus security. A more distributed validator set strengthens censorship resistance and uptime reliability.

3. Foster Developer Innovation

The platform is actively inviting developers to build on its infrastructure. With low fees, fast finality, and growing ecosystem tools, Shibarium aims to become a launchpad for next-generation dApps in gaming, socialFi, metaverse projects, and more.

The team emphasizes creating an environment where creators can experiment freely—supporting grants, hackathons, and open-source collaboration to accelerate innovation.

Frequently Asked Questions (FAQ)

Q: What is Shibarium?
A: Shibarium is a Layer 2 blockchain built to scale the Shiba Inu ecosystem. It offers fast, low-cost transactions and supports DeFi, NFTs, gaming, and decentralized applications.

Q: Why does having 1 million wallets matter?
A: Reaching 1 million wallets indicates strong user adoption and network health. It reflects growing confidence in Shibarium’s infrastructure and usability beyond speculation.

Q: What is WBONE and how is it different from BONE?
A: WBONE (Wrapped BONE) is a tokenized version of BONE designed for use across different blockchains. It enables cross-chain transfers and liquidity while maintaining parity with the original BONE token.

Q: How does the Blockscout explorer benefit users?
A: Blockscout provides transparent access to all on-chain data—transactions, contracts, balances—and allows users to verify code before interacting with dApps or tokens.

Q: Is Shibarium fully decentralized?
A: While Shibarium is progressing toward full decentralization—especially with planned contract renouncement and validator expansion—it currently operates with a degree of centralized coordination during its growth phase.

Q: Can I bridge other tokens to Shibarium besides those listed?
A: Currently supported tokens include USDT, USDC, DAI, WBTC, XFUND, and WBONE. Additional assets may be added based on community demand and technical feasibility.

The Path Forward: Building a Self-Sovereign Ecosystem

Shibarium’s progress—from hitting 1 million wallets to launching essential developer tools—is more than a series of technical upgrades. It represents a shift toward empowering individuals with self-sovereign digital lives.

By combining low-cost transactions with transparent infrastructure and growing interoperability, Shibarium is laying the groundwork for inclusive financial systems and creator economies. Its focus on community-driven development ensures that power remains in the hands of users—not centralized gatekeepers.

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As the ecosystem evolves, expect increased activity in decentralized identity (DID), soulbound tokens (SBTs), privacy-preserving technologies, and community-governed DAOs—all built atop Shibarium’s scalable foundation.

Core Keywords

With strategic upgrades underway and a clear vision for decentralization, Shibarium is not just riding the momentum of its parent ecosystem—it's forging its own path in the future of blockchain innovation.

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