Shibarium Mints 140,000 NFTs, K9 Finance Unveils BONE Staking Launch Date

The Shiba Inu team has announced two major milestones that promise to enhance the utility and dynamics of its network.

Shiba Inu’s Layer 2 solution, Shibarium, has achieved a major milestone with the minting of over 140,000 NFTs on the platform.

Shibarium, which is designed to enhance transaction speeds and reduce costs for the Shiba Inu ecosystem, has seen an impressive uptake for NFTs. As highlighted by Shiba Inu’s marketing lead, Lucie (@LucieSHIB), these dedicated testers have minted a staggering 140,000 NFTs on Shibarium.

“We’re excited to share an incredible achievement from our Shiba Eternity beta closed for Leash holders! So far, these dedicated testers have minted a staggering 140,000 NFTs on Shibarium, showcasing both the power and scalability of the platform,” Lucie shared via X.

Highlighting the cost-efficiency and scalability of Shibarium, Lucie further noted, “Even more impressive is the cost-efficiency: only around 800 BONE has been spent on gas fees for these transactions.”

This milestone showcases one of Shibarium’s key strengths—the ability to maintain extremely low transaction costs despite the high volume of activity. This feature makes Shibarium an ideal platform for NFT projects and other decentralized applications that require high throughput and cost efficiency.

“This highlights one of Shibarium’s key strengths—extremely low transaction costs. Despite the high volume of minting, gas fees remain minimal, making it ideal for large-scale NFT projects,” she remarked.

Lucie added: “And don’t forget—Shib has over 1.4 million holders on-chain, far more than what is currently active, meaning our massive army has yet to fully embark on this DeFi journey through Shibarium.”

During the beta phase, all gas fees were sponsored, which significantly lowered the barrier for creators to participate and mint NFTs without incurring upfront costs.

“As we continue to build, Shibarium is proving to be both scalable and cost-effective, unlocking new opportunities for our community,” Lucie added.

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