The cryptocurrency that grew by 20% in a week is named

Over the past 7 days, the price of Shibaswap Bone (BONE) has soared by almost 20%. The reason is the surge in crypto users' interest in Shibarium’s second-level network (L2).

After its launch on August 17, Shibarium faced a congestion problem: due to a sharp increase in activity, many investors found their funds stuck in the bridge.

Unable to cope with the influx of new users, the developers were forced to suspend the Shibarium network. Until August 24, the team tried to restart the network and restore its ability to handle large volumes of traffic. After a successful restart, the frozen funds began to flow to their intended destination.

As a result, the volume of BONE transactions soared to almost 13,000. The number of both new addresses and daily active addresses has also increased dramatically. According to Etherscan, the token is currently held by more than 90,000 crypto wallets.

Meanwhile, the price of BONE has increased by almost 20%, more than compensating for the losses the token suffered during the failed launch of Shibarium.

Interestingly, the positive news had little effect on other components of the Shiba Inu ecosystem. Over the past week, SHIB 's price has dropped by 3.67%, while LEASH has added only 4.27%.