Shibarium – a Shiba Inu layer 2 blockchain solution, has achieved a new feat as the total transactions on the network crossed 2.7 million. Meanwhile, the Shiba Inu community continues its effort to reduce the total amount of SHIB tokens in circulation.
A new report from Shibburn – a dedicated burn tracker, shows that within the last 24 hours, the SHIB army has sent over 44 million Shiba Inu tokens to burn wallets. In total, the dedicated community has succeeded in removing over 400 trillion SHIB tokens from circulation.
The new milestone reached by Shibarium may also have contributed to the recent burns.
Almost 50 million SHIB tokens burned in the last day
The aforementioned burn tracker revealed on X (formerly Twitter) that exactly 44,049,556 SHIB tokens have been burned within the last 24 hours. In addition, these burns were carried out across 8 different transactions.
In the past 24 hours, there have been a total of 44,049,556 $SHIB tokens burned and 8 transactions. Visit https://t.co/t0eRMnyZel to view the overall total of #SHIB tokens burned, circulating supply, and more. pic.twitter.com/7ZppmmknzM
Consequently, the burn rate also increased by 11.73%. However, compared to the burn rate of the previous day which recorded about 62.66%, this is almost six times lower. Noticeably, two wallets burning over 9 million SHIB tokens were recorded about 4 and 13 hours ago respectively.
In the meantime, Shibarium has continued to achieve impressive milestones since its relaunch in August. The total transaction on the exciting project now stands at 2,701,208 according to recent data from Shibariumscan.
Also, the total number of wallet addresses on the network continues to increase daily. Per the data, the total number of wallets on Shibarium is 1,246,111 with an average block time of 5.0 seconds.
Source: Shibariumscan
Even though the daily transactions on the network today are 183,840 (183 thousand), it is slightly lower than the daily transactions recorded earlier this week when it reached 200,000 on September 13.
It is expected that Shibarium will continue to grow in the coming months. The more projects that adopt Shibarium, the better for SHIB burns, as more projects on this blockchain mean more transactions will be done, which would also mean more fees and, thus, more SHIB tokens to finally be transferred to burn wallets.
Shiba Inu (SHIB) price today
According to live data from Coinstats, SHIB is currently trading at $0.0000074. This represents a 1.93% increase in the last 24 hours. What’s more, Shiba Inu has a 24-hour trading volume of $80,106,194 ($80 million). SHIB is ranked #16 on the global crypto market chart with a live market cap of $4,357,163,905 ($4 billion).
Special Offer (SPONSORED)
Binance Free $200 (Exclusive): Use this link to register and receive $200 free trading fee credit (terms).
"3Commas Trading Bot" Special Offer: Use this link to Sign up with 3Commas and get 10% off your first monthly subscription.
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
Cookie
Duration
Description
cookielawinfo-checkbox-analytics
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional
11 months
The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy
11 months
The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
COMMENTS