More Than 410 Trillion Shiba Inu Were Burnt Before The Shibarium Launch Next Week
- According to the website Shibburn, which tracks the amount of SHIB tokens that have been irreversibly destroyed, more than 410 trillion Shiba Inu SHIB tokens have been removed from the supply.
- It is anticipated that Shibarium will considerably speed up transactions while also reducing gas expenses. The concept of Shibarium is quite similar to that of existing Layer 2 solutions, such as Polygon (MATIC).
Before the Layer 2 Shibarium solution could be implemented next week, 410,385,141,032,717 Shiba Inu SHIB tokens were irreversibly burnt.
Shibburn, a SHIB burnt tracking website, reports that more over 410 trillion Shiba Inu SHIB tokens have been permanently burned from the supply. According to the latest information, millions of SHIB tokens are being destroyed every day as the Shibarium solution, a Layer 2 solution built by the Shiba Inu team, is set to be released next week.
Shiba Inu head developer Shytoshi Kusama hinted at a possible Shibarium release date next week in a recent remark, so the Shiba Inu fanbase may not have to wait much longer. Nevertheless, Shytoshi Kusama did not specify a time.
Shibarium, like other Layer 2 systems such as Polygon (MATIC), is supposed to drastically speed up transactions and cut gas expenses. The Layer 2 Shibarium solution will employ BONE as the governance token, and all Shibarium gas fees will be paid in BONE as well.
The Shiba Inu community is looking forward to the release of Shibarium, a Layer 2 solution that promises to breathe new life into the ecosystem. Shibarium is developed similarly to previous Layer 2 solutions such as Polygon (MATIC) and will utilize BONE as the governance token, with all gas fees paid in BONE.
Shiba Inu (SHIB) is now trading at $0.000013, up roughly 4% in the last 24 hours. Meanwhile, BONE is selling at $1.91, up over 10% in the last 24 hours as a result of the forthcoming Shibarium announcement.
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