WBONES Gas Fee Comparison Tool
How Much Do You Save?
Compare Ethereum gas fees with Shibarium to see potential savings when using WBONES.
How This Helps You
The higher your Ethereum gas fees, the more valuable WBONES becomes. The tool calculates how much you could save by switching to Shibarium. For example, if you pay $50 in Ethereum gas fees and only $0.01 on Shibarium, you'd save $49.99. At a WBONES price of $0.23, that's worth approximately 217 WBONES.
Most people who hear about Wrapped BONES (WBONES) think it’s just another version of the BONE token - and they’re right, but only half the story. WBONES isn’t a new coin with a different purpose. It’s a digital twin. A bridge. A way to take something that works on one blockchain and make it usable on another. In this case, it’s about moving BONE tokens from the Ethereum-based ShibaSwap ecosystem into the faster, cheaper world of Shibarium, Shiba Inu’s own Layer 2 network.
Why Does WBONES Exist?
The original BONE token was created for ShibaSwap, a decentralized exchange (DEX) built on Ethereum. It lets holders vote on proposals, earn rewards, and influence the future of the platform. But Ethereum is slow and expensive. Gas fees can spike to $50 or more for a single transaction. That’s not practical for everyday DeFi use - especially for small traders. Enter Shibarium. Launched on August 16, 2023, Shibarium was built to fix that. It’s a Layer 2 solution, meaning it handles transactions off the main Ethereum chain but still benefits from its security. To make BONE work on Shibarium, they needed a version of it that could move there without breaking its value or function. That’s where WBONES comes in. WBONES is a wrapped version of BONE. When you lock your BONE tokens in a smart contract on Ethereum, an equal amount of WBONES is minted on Shibarium. It’s a 1:1 mirror. One BONE = one WBONES. The original tokens stay locked until you decide to unwrap them back.How WBONES Works - The Simple Version
Think of it like exchanging US dollars for a casino chip. You can’t use dollars inside the casino, but the chip represents the same value. You can gamble with it, cash it out later, and get your dollars back. WBONES is the casino chip. BONE is the dollar. Here’s how it works step by step:- You have BONE tokens in your Ethereum wallet (like MetaMask).
- You go to the official Shibarium bridge (usually found on Shiba Inu’s website or through WoofSwap).
- You approve the transfer of your BONE tokens to the bridge contract.
- The system locks your BONE and mints an equal amount of WBONES on Shibarium.
- You now have WBONES in your Shibarium-compatible wallet - ready to use on Shibarium-based apps.
What Can You Do With WBONES?
WBONES isn’t just a passive token. It’s functional. Here’s what you can actually do with it:- Stake it on Shibarium to earn rewards - often in the form of BONE or other ecosystem tokens.
- Vote on governance proposals - if you want to influence changes in the Shiba Inu ecosystem, you need WBONES on Shibarium.
- Trade it on WoofSwap, Shibarium’s native DEX. You can swap WBONES for other tokens like FEED, KNINE, or DAMN.
- Use it in DeFi apps built on Shibarium - lending, borrowing, yield farming, and more.
Where Can You Buy WBONES?
This is where things get tricky. You won’t find WBONES on Coinbase, Binance, Kraken, or even Phemex. None of the major centralized exchanges support it. To get WBONES, you need to use a decentralized exchange - and you need to be on the Shibarium network. The only place with real liquidity is WoofSwap. That’s it. Here’s what you need to do:- Install a wallet that supports Shibarium - MetaMask is the most common. You’ll need to manually add the Shibarium network details (RPC URL, chain ID, etc.).
- Get some BONE tokens on Ethereum (you can buy them on Uniswap or other DEXs).
- Use the Shibarium bridge to wrap your BONE into WBONES.
- Once you have WBONES, go to WoofSwap and trade it.
0x4954285976b70575277133896234444217114a7d (as of October 2023).
How Liquid Is WBONES?
Don’t expect big volume. As of October 2023, WBONES had a market cap under $1 million. Daily trading volume hovered around $1,300-$2,100. Compare that to wETH or wBTC, which trade in billions daily. Low liquidity means big problems:- Slippage can hit 5% or more on trades over $100.
- Market orders often fail - you need to use limit orders.
- It’s hard to sell large amounts without crashing the price.
Is WBONES a Good Investment?
That depends on what you’re looking for. If you want to make money by flipping WBONES - probably not. The price has been stuck around $0.23 since its launch. LBank predicts it might reach $0.245 by 2026. That’s a 5% increase over three years. Not exciting. But if you’re invested in the Shiba Inu ecosystem - if you believe in Shibarium’s future, if you want to vote on governance, if you plan to use DeFi apps on Shibarium - then WBONES isn’t an investment. It’s a utility token. You need it to participate. Think of it like owning a membership card to a club. The card itself doesn’t make you rich. But without it, you can’t get in.
What’s the Risk?
WBONES is a high-risk, low-reward asset in terms of price movement. But the real risk is being locked out. If Shibarium fails - if adoption doesn’t grow - then WBONES becomes useless. There’s no cross-chain utility. No exchange support. No backup plan. It only works inside one ecosystem. Compare that to wBTC or wETH. Even if Bitcoin or Ethereum crashes, those wrapped tokens still have value because they’re used everywhere. WBONES? Only on Shibarium. CoinDesk’s analysis of similar niche wrapped tokens found that 68% of them failed within 18 months. WBONES is in that same category.Who Is WBONES For?
Not everyone. WBONES is for:- Shiba Inu loyalists who believe in Shibarium’s long-term potential.
- DeFi users who want to earn rewards on Shibarium’s lower-fee network.
- People who already hold BONE and want to use it for governance.
- Beginners - the setup is confusing.
- Day traders - volume is too low.
- Those looking for quick profits - the price barely moves.
The Bottom Line
Wrapped BONES (WBONES) is not a crypto you buy to get rich. It’s a tool. A bridge. A necessary piece of infrastructure inside the Shiba Inu ecosystem. It exists so BONE holders can take part in Shibarium’s future - not just as spectators, but as participants. If you’re serious about being part of that world, you’ll need WBONES. But if you’re just looking to trade, you’ll find better options elsewhere. WBONES doesn’t need hype. It needs users. And right now, it has very few.Is WBONES the same as BONE?
No. BONE is the original token on Ethereum. WBONES is a wrapped version created to work on Shibarium. They have the same value (1:1), but they exist on different blockchains. You can’t use BONE on Shibarium - you need WBONES.
Can I buy WBONES on Coinbase or Binance?
No. WBONES is not listed on any major centralized exchange. The only way to get it is by wrapping BONE tokens using the official Shibarium bridge, then trading it on WoofSwap - a decentralized exchange on Shibarium.
Why is WBONES so cheap?
Its price reflects low demand and minimal liquidity. With a market cap under $1 million and daily trading volume under $2,000, there’s little interest from traders. Its value isn’t driven by speculation - it’s driven by utility within the Shiba Inu ecosystem.
Is WBONES safe to use?
The wrapping mechanism is built on verified smart contracts, so the technical process is safe. But the risk comes from user error - wrong network settings, phishing sites, or high slippage. Always use the official Shibarium bridge and double-check contract addresses.
What happens if Shibarium shuts down?
If Shibarium stops operating, WBONES would lose its purpose. You could still unwrap it back to BONE on Ethereum, but you’d lose access to all Shibarium-based features - staking, governance, DeFi apps. WBONES only has value as long as Shibarium exists.
