What is Bone ShibaSwap (BONE)?

Deep Dive

1. Governance & Ecosystem Role

BONE serves as the governance token for ShibaSwap, the Shiba Inu ecosystem’s decentralized exchange. Holders vote on proposals via the Doggy DAO, influencing platform upgrades and resource allocation. It also acts as the primary gas token for Shibarium, the Ethereum Layer-2 network designed to reduce transaction costs and increase scalability for SHIB-related activities. A portion of BONE paid as gas fees is converted to SHIB and burned, directly linking BONE to SHIB’s deflationary model (Shibizens).

2. Technical Foundation

BONE is an ERC-20 token built on Ethereum, secured by its Proof-of-Stake consensus. Its smart contracts and Shibarium infrastructure have undergone audits by CertiK to mitigate vulnerabilities. Shibarium’s integration with BONE allows for decentralized applications (dApps), NFT minting, and cross-chain asset bridging, though recent exploits (e.g., September 2025’s $4M hack) highlight ongoing security challenges.

3. Tokenomics & Utility

With a fixed supply of 250 million tokens, BONE’s scarcity contrasts with SHIB’s inflationary model. Beyond governance, it rewards liquidity providers on ShibaSwap and grants access to exclusive NFTs. Its role in Shibarium’s automated SHIB burns positions it as a deflationary lever within the ecosystem.

Conclusion

BONE is a dual-purpose token driving governance and transactional utility in Shiba Inu’s decentralized ecosystem. Its integration with Shibarium and fixed supply create unique value, though security and adoption hurdles persist. How will BONE’s role evolve as Shibarium expands into privacy-focused DeFi in 2026?