In a thrilling development within the world of cryptocurrencies, the Shibarium network has been making waves since its highly anticipated release. This groundbreaking blockchain platform, which has captivated the crypto community, has recently witnessed a flurry of activity, including several new listings of Shiba Inu tokens on various cryptocurrency exchanges.

GroveX Steps In with LEASH Listing

In a move that has stirred considerable excitement among cryptocurrency enthusiasts, the Australia-based digital currency exchange platform, GroveX, has announced its support for the Bone ShibaSwap (BONE) token. What’s more, GroveX has unveiled its plans to list another token from the Shibarium trifecta – Doge Killer (LEASH). This announcement comes as a testament to the growing prominence of Shibarium within the crypto landscape.

LEASH will soon be available for trading on GroveX, with trading pairs LEASH/USDT and LEASH/BUSD set to ignite the trading floor. In a testament to the platform’s proactive approach, deposits for LEASH have already been opened, as confirmed in GroveX’s official announcement. Crypto enthusiasts can mark their calendars for September 11th, 7:00 p.m. AEST, as this is when withdrawals and trading of LEASH will commence.

LEASH Token’s Response

The cryptocurrency market is a dynamic arena, and LEASH token’s price swiftly responded to GroveX’s announcement. Initially, it experienced a 2.33% surge on the OKX exchange. However, it’s essential to note that this price fluctuation has been fleeting, with the token currently trading at $359.5 at the time of this report. Notably, LEASH had secured a listing on the prominent Crypto.com exchange just three weeks ago.

One intriguing aspect of the Shiba Inu ecosystem is the opportunity for users to stake their LEASH tokens on the ShibaSwap decentralized exchange (DEX) in exchange for substantial rewards. This unique feature adds an extra layer of utility to the LEASH token and strengthens its position within the Shibarium network.

Shibarium’s Meteoric Rise

Shibarium’s journey since its Layer 2 blockchain restart has been nothing short of astonishing. Shibariumscan, a trusted source for tracking Shibarium’s metrics, reports a surge in user activity that has propelled the total transaction count to surpass a staggering 1.1 million. In parallel, wallet adoption has also soared, culminating in a grand total of 1,118,046 wallet addresses within the Shibarium network.

In an extraordinary turn of events, the SHIB burn rate has experienced a substantial recovery, registering an astounding surge of 721.17%. An impressive 77,423,226 SHIB meme coins have been transferred to dead-end wallets, marking a significant milestone in the Shibarium journey. The largest burn transaction, occurring just 15 hours ago, saw an impressive 21,184,953 SHIB tokens being incinerated.

Shiba Inu Price Shows Signs of Recovery

While Shibarium takes center stage with its remarkable achievements, the Shiba Inu token itself has demonstrated resilience in the past 24 hours. The Shiba Inu exchange rate against the USD has surged by 4.40%, climbing from $0.00000741 to the $0.00000774 mark. However, it’s important to note that this increase still falls short of the substantial gains witnessed last month when Shiba Inu successfully shed one zero from its price, trading above the $0.00001 level.

Zooming out to a broader perspective, Shiba Inu has faced some challenges over the past week, with a decline of more than 7% in its value. A noteworthy event during this period was the dramatic drop in the burn rate, plummeting to nearly minus 80%. This decline coincided with comments made by Shytoshi Kusama, the pseudonymous leader of Shiba Inu, who expressed his belief that the adoption of the Shibarium blockchain is far more crucial for the token’s price growth than SHIB burns.

As the Shibarium network continues to forge ahead, the crypto community eagerly awaits further developments in the Shiba Inu ecosystem. With LEASH’s listing on GroveX and Shibarium’s explosive growth, the world of cryptocurrencies is once again abuzz with excitement and anticipation, reminding us that the crypto landscape is as dynamic and thrilling as ever.