Shibarium Wrapped BONE PriceWBONEInactive

What is Shibarium Wrapped BONE (WBONE)?

Shibarium Wrapped BONE (WBONE) is a wrapped representation of BONE, the native staking and gas token of Shibarium, an Ethereum Layer 2 network built for the Shiba Inu ecosystem. WBONE exists on the Shibarium chain and carries the same governance utility as BONE, allowing holders to participate in voting processes within the Doggy DAO. The token serves as a governance instrument, giving the Shib Army a voice in community-driven decision-making that shapes the direction and development of the project.

Shibarium itself is designed to improve scalability and reduce transaction costs by processing transactions off the Ethereum main chain. The network uses a Proof of Stake consensus model inspired by Polygon PoS, with BONE acting as the staking and governance token. WBONE, as the wrapped version, enables seamless participation in this Layer 2 environment. According to CoinMarketCap data, the total and circulating supply of WBONE stands at approximately 813,375 tokens. The token is traded on decentralized exchanges and its price fluctuates based on market demand and supply dynamics, like all cryptocurrencies.

Key Specifications & Tokenomics

• Name: Shibarium Wrapped BONE
• Ticker / Symbol: WBONE
• Platform / Blockchain: Shibarium (Layer 2 network)
• Consensus: Proof of Stake
• Contract Address: 0xc76f...6fe8d8 (Shibarium)
• Block Explorer: www.shibariumscan.io
• Official Website: https://www.shibatoken.com/
• Official X (Twitter): https://twitter.com/Shibtoken
• Categories: Rehypothecated Crypto, DeFi, DEX Mode, Shibarium Ecosystem
• Total Supply: 813,375.53 WBONE
• Circulating Supply: 813,375.5 WBONE
• Max Supply: 0 WBONE

It is worth noting that the CoinMarketCap "About" section cites a total supply of 250 million tokens, while the CoinMarketCap data panel and multiple other sources list total and circulating supply figures around 813,375 WBONE. This discrepancy should be considered when evaluating the token's supply metrics. The fully diluted market cap has been reported at approximately $49,926.5, with a market ranking that reflects limited current market recognition.

Who created Shibarium Wrapped BONE?

Shibarium Wrapped BONE is part of the broader Shiba Inu ecosystem, which is developed and maintained by the Shiba Inu development team. The official Shiba Inu documentation and the @Shibtoken X account serve as primary sources of information regarding the project's development. The Wrapped BONE contract was verified and made available for public scrutiny in September 2023, according to blockchain.news. The Shiba Inu team has also renounced the contract for Bone ShibaSwap (BONE), Shibarium's official gas token, as reported in late September 2023. Detailed public information about individual team members or founders beyond the collective Shiba Inu development team is currently limited.

How does Shibarium Wrapped BONE work?

Shibarium Wrapped BONE operates as a wrapped token on the Shibarium Layer 2 network. Wrapping involves locking an underlying asset, in this case BONE, and issuing a corresponding token on the same or another chain that represents the locked asset. WBONE therefore mirrors the value and utility of BONE within the Shibarium ecosystem. BONE serves as the native gas token for Shibarium, meaning every transaction on the network requires a small amount of BONE to cover fees. WBONE inherits this functional role within the wrapped context.

The Shibarium network itself is an Ethereum Layer 2 solution with a chain ID of 109. It uses a Proof of Stake architecture inspired by Polygon PoS, where BONE functions as the staking and governance token. Holders of WBONE can participate in governance through the Doggy DAO, influencing decisions about the project's direction. The token can also be traded on decentralized exchanges, where its price is determined by market forces. The Shibarium ecosystem supports cross-chain swaps across more than 12 chains, aiming to provide seamless token transfers with competitive rates and low fees.

What makes Shibarium Wrapped BONE unique and valuable?

Shibarium Wrapped BONE derives its value from its integral role in the Shibarium ecosystem and the Shiba Inu community. As a governance token, it empowers holders to participate in Doggy DAO voting, giving the Shib Army direct influence over community-driven decision-making. This governance function is described as crucial for the project's development and direction. The token also benefits from its association with Shibarium, a Layer 2 network designed to enhance scalability and reduce transaction fees on the Ethereum network.

Additionally, WBONE is set to play a multifaceted role within the ecosystem of Spellfire Re-Master the Magic, a digital collectible card game, where it serves as a collectible NFT card. This utility expands the token's use cases beyond governance and trading. The Shibarium ecosystem itself supports a range of tokens including SHIB, LEASH, BONE, and TREAT, each with governance and other roles. The Shibarium category market cap has been reported near $381.4 million, reflecting the broader ecosystem's activity and interest. However, the token's market value is not widely recognized, and its price has experienced significant volatility, including a notable decline from its all-time high.

What is Shibarium Wrapped BONE used for?

Shibarium Wrapped BONE serves several functions within the Shiba Inu and Shibarium ecosystems. Its primary role is as a governance token, allowing holders to vote on proposals within the Doggy DAO and influence the project's future. This community-driven governance model is central to the token's design. WBONE is also used in decentralized exchange trading, where it can be swapped and its price fluctuates based on market demand. The token is integral to the Shibarium Layer 2 network, which handles transactions off the Ethereum main chain to improve scalability and reduce fees.

Beyond governance and trading, WBONE is utilized as a collectible NFT card in the Spellfire Re-Master the Magic digital card game, offering players the opportunity to own, trade, and potentially earn from their card collections. The token also facilitates participation in the broader Shibarium ecosystem, which includes cross-chain swaps across more than 12 chains and various DeFi activities. Its utility spans governance, gaming, and decentralized finance, making it a multifaceted asset within the Shiba Inu universe.

How Is the Shibarium Wrapped BONE ecosystem developing?

The Shibarium ecosystem continues to evolve through various development initiatives and community efforts. In April 2025, the Shibarium development team launched a builder group aimed at inviting developers to build decentralized applications on-chain, as reported by DailyCoin. This initiative coincided with efforts to support ShibaSwap's native token BONE. The Shibarium network has also introduced several security and user experience improvements, including multi-factor authentication and hardware wallet integration, to bolster asset protection.

Cross-chain functionality is a key focus, with Shib.io describing a Cross-Chain Swap feature that allows users to swap tokens seamlessly across more than 12 chains with competitive rates and low fees. The ecosystem supports a range of tokens including SHIB, LEASH, BONE, and TREAT, each with governance and other roles. The Shibarium category market cap has been reported near $381.4 million, driven in part by partnerships and integrations such as Chainlink's MENA partnership and RWA Proof-of-Reserves integration. The network also provides resources for launching tokens on Shibarium, accessible to both non-coders and developers. Despite these developments, the ecosystem has faced challenges including a flash loan incident involving 4.6 million BONE, which was contained after a two-week battle, and the token's price has experienced significant declines from its all-time high.

How to mine Shibarium Wrapped BONE?

Shibarium Wrapped BONE is not mined through traditional proof-of-work mechanisms. Instead, it operates within a Proof of Stake consensus model, as listed by StakingRewards.com. In a Proof of Stake system, validators stake tokens to secure the network and validate transactions, rather than solving computational puzzles. WBONE holders can participate in staking activities to potentially earn rewards, although specific reward rates, staking ratios, and lock-up periods are not publicly detailed in available references.

StakingRewards.com provides a comparison platform where users can view live WBONE reward rates, fees, and lock-up periods from various providers. The platform lists Shibarium Wrapped BONE under Proof of Stake consensus, allowing users to compare staking options side by side. However, verified providers and active validators are currently listed as zero, indicating that staking infrastructure for WBONE may still be developing. As with all cryptocurrency investments, individuals should closely monitor market performance and be aware of associated risks before participating in staking or other activities.

How to keep your Shibarium Wrapped BONE Coin safe?

Securing Shibarium Wrapped BONE involves a combination of best practices and available security features within the Shibarium ecosystem. Hardware wallet integration is a key feature, providing an additional layer of security by storing private keys offline. This significantly reduces the risk of unauthorized access compared to online or "hot" wallets. Users should consider using supported hardware wallets to hold their WBONE tokens.

Multi-factor authentication is another critical security measure introduced through Shibarium updates. This feature requires users to provide two or more verification factors to gain access to their blockchain assets, adding an extra layer of protection against unauthorized access. These combined security features—hardware wallet support and multi-factor authentication—work together to safeguard Shibarium Wrapped BONE. Additionally, users should conduct thorough research, stay informed about official announcements from the Shiba Inu team via their official X account, and remain cautious of potential risks and market volatility. As with any cryptocurrency, it is important to monitor market performance and be aware of uncertainties in the digital asset space.