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 <h2 id="strong-shib-token-burn-reflects-shibarium-anticipation-strong"><strong>SHIB Token Burn Reflects Shibarium Anticipation</strong></h2> 
 <p><span style="font-weight: 400">Whales within the Shiba Inu ecosystem are doing a lot to help bolster the overall outlook of the protocol ahead of the full launch of the <a rel="noopener noreferrer nofollow" title="Shibarium" href="https://thebittimes.com/tag/shibarium.html">Shibarium</a> L2 on the mainnet. </span><span style="font-weight: 400">According</span><span style="font-weight: 400"> to data from Shibburn, a total of 581,549,041 SHIB <a rel="noopener noreferrer nofollow" title="tokens" href="https://thebittimes.com/tag/tokens.html">tokens</a> have been sent to dead wallets in the past 24 hours, with active contribution from more than one wallet.</span></p>  
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 <p><span style="font-weight: 400">The SHIB token burn metric is a very important one as it gives an insight into how willing large amounts of tokens are deflated from the general supply. As a memecoin with tons of tokens in circulation, defining a steady deflationary model is crucial to attracting the right investor base post-Shibarium launch.</span></p> 
 <p><span style="font-weight: 400">The positive sentiment surrounding Shibarium has been in the community for several months now and the need to get onboard the protocol has pushed a lot of enthusiasts to try out the PuppyNet testnet. These trials have in turn contributed to the impressive milestones as it concerns the total number of addresses resident on the network.</span></p>  
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 <p><span style="font-weight: 400">It has been confirmed that <a rel="noopener noreferrer nofollow" title="Shibarium" href="https://thebittimes.com/tag/shibarium.html">Shibarium</a> is </span><span style="font-weight: 400">going live</span><span style="font-weight: 400"> on mainnet over the coming week as team members finalize the design of the protocol ahead of the Blockchain Futurist Conference taking place in Canada. With transactions on <a rel="noopener noreferrer nofollow" title="Shibarium" href="https://thebittimes.com/tag/shibarium.html">Shibarium</a> set to commit a small fraction to the burn wallet, the launch can fuel the overall growth in the price of the SHIB <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a>.</span></p>  
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 </div> 
 <h2 id="strong-tough-ecosystem-to-compete-in-strong"><strong>Tough Ecosystem to Compete in</strong></h2> 
 <p><span style="font-weight: 400">The Layer-2 ecosystem on Ethereum is growing at a very frantic pace with the likes of Coinbase Exchange’s Base and Polygon’s zkEVM making the rounds with their impressively growing ecosystem and functionalities.</span></p> 
 <p><span style="font-weight: 400">While Polygon has </span><span style="font-weight: 400">helped</span><span style="font-weight: 400"> draw in top brands like Starbucks and Adidas into the Web3.0 world, <a rel="noopener noreferrer nofollow" title="Base" href="https://thebittimes.com/tag/base.html">Base</a> has just </span><span style="font-weight: 400">welcomed</span><span style="font-weight: 400"> the Masterpiece Non-Fungible Token (NFT) collection from beverage giant Coca-Cola.</span></p> 
 <p><span style="font-weight: 400">To solidify its foothold in the Layer-2 world, ecosystem members will be looking forward to related partnerships from <a rel="noopener noreferrer nofollow" title="Shibarium" href="https://thebittimes.com/tag/shibarium.html">Shibarium</a>, a tough task but feasible to achieve.</span></p> 
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More than half a billion SHIB tokens have been burnt overnight

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