Bone ShibaSwap (BONE), the governance token of the Shibaswap ecosystem surged nearly 12% Tuesday night to become the top 24-hour cryptocurrency gainer, beating the likes of Bitcoin Bitcoin BTC/USD, ether ETH/USDand the meme coin Dogecoin DOGE/USD.

What happened: Shiba Inu (SHIB), doge killer (LINE) and BONES are all tokens associated with the SHIB ecosystem.

BONE’s recent rise was fueled by the project’s announcement of the beta launch of its long-awaited Layer 2 blockchain solution called Shibarium.

The beta will start this week, according to SHIB’s official Twitter handle.

price action: BONE is up 11.4% to $1.72 at the time of writing, according to CoinMarketCap data.