ShibaSwap
BONEShibaSwap is a decentralized token exchange
Performances
RD Popularity Index
RD Growth Index
| 1h | 24h | 7d | 30d | 60d | 90d |
|---|---|---|---|---|---|
| 0.79% | 8.49% | 16.79% | 29.79% | 10.49% | 41.15% |
Comparison
Developer
Tokenomics
Unlock Progress
Data source: CoinGecko
BONE is the gas token of Shibarium and the governance token of ShibaSwap, used to pay on-chain fees, stake for veBONE and vote; part of the fees is converted to SHIB and burned, with a fixed supply cap.
Top Holders
| Address | Token | Quantity | Percentage | Value |
|---|---|---|---|---|
| 0xf585...09a0 |   BONE | 19,095,379 | 7.64% | $799.12K |
| MEXC 2 (cf18) | BONE | 17,320,492.15 | 6.93% | $724.84K |
| 0xbab4...5e96 | BONE | 15,600,002 | 6.24% | $652.84K |
Open Markets
| # | Exchange | Pair | Price | +2% depth | -2% depth | Volume (24h) | volume % |
|---|---|---|---|---|---|---|---|
| 1 | BBingXCEX | BONE/USDT | $0.08444 | $32 | $744 | $28,748 | 1.06% |
| 2 | BONE/USD | $0.0831 | $3 | $279 | $6,344 | 0.23% | |
| 3 | BONE/WETH | $0.08486 | $453 | $452 | $3,615 | 0.13% | |
| 4 | BONE/TREAT | $0.08395 | $68 | $67 | $2,332 | 0.09% | |
| 5 | BONE/TREAT | $0.08395 | $68 | $67 | $2,332 | 0.09% | |
| 6 | HHTXCEX | BONE/USDT | $0.08385 | $603 | $127 | $1,862 | 0.07% |
| 7 | BONE/ETH | $0.08461 | $234 | $234 | $237 | 0.01% | |
| 8 | BONE/WETH | $0.08507 | $2,629 | $2,621 | $213 | 0.01% | |
| 9 | BONE/WETH | $0.08412 | $318 | $317 | $117 | 0.00% | |
| 10 | SHIB/BONE | $0.08505 | $25 | $24 | $9 | 0.00% |
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About ShibaSwap
ShibaSwap is a decentralised trading application that the project positions as a next-generation decentralised exchange. The interface is built around swapping, offering two main modules, Swap and Cross Chain, where users pick tokens and amounts to initiate a swap or a cross-chain transfer, with a wallet connection entry at the top.
Transaction settings let users adjust slippage tolerance, with presets of 0.1%, 0.5% and 1% alongside a custom value, and set a transaction deadline in minutes. The interface also provides a protocol version switch between V1 and V2, plus Expert Mode and Multihops toggles covering advanced mode and multi-hop routing. The result is a swap and cross-chain interface usable directly in the browser, with interface elements organised around trade parameters and routing.
Incentives: Following a bridge exploit and security upgrades, BONE validator staking on Shibarium has been paused since April 17, 2026; the team is designing a new tokenomics model for automated reward distribution with no relaunch date announced.
Milestones: In April Shibarium announced over 1 billion cumulative transactions; the 2026 roadmap includes FHE integration with Zama and launching Doggy DAO with Bury 2.0 vote-escrow governance.
ShibaSwap's precision liquidity pools and real-time SHIB burns had gone live in June.
After a September 2025 ShibaSwap bridge exploit the team published a post-mortem and shipped fixes; in April 2026 Shibarium passed 1 billion cumulative transactions, with about 24,000 new wallets in a single week.
ShibaSwap's Future strategy and roadmap: use cross-chain swaps and concentrated liquidity to improve capital efficiency alongside Shibarium fee burns, add FHE privacy for SHIB, BONE, LEASH and TREAT in the second quarter of 2026, and ship the privacy layer-3 plus V3 features such as limit orders and price alerts by year-end.
ShibaSwap v1 charges a 0.3% fee on every swap, split among liquidity providers in proportion to their contribution to reserves; fees enter the reserves immediately and raise the value of LP tokens.
ShibaSwap v2 uses concentrated liquidity with four fee tiers — 0.01%, 0.05%, 0.3% and 1% — selected per trading pair, with positions represented as NFTs.