Ethereum

Million

Shiba Inu

<figure>
 <figcaption>
  Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
<p>According to the Shibariumscan explorer, over the past few days, the number of transactions on the <a href="https://u.today/shiba-inus-shibarium-attracts-massive-bone-staking" rel="noopener noreferrer nofollow">Layer-2 blockchain Shibarium</a> has jumped to a new high.</p>
<p>In the meantime, the SHIB burn rate has also jumped, leaving behind several consecutive days this week when it was either feeble greenish or sank in the red zone.</p>
<h2 id="shibarium-hits-new-milestone">Shibarium hits new milestone</h2>
<p>Shibarium Layer-2 solution built by Shiba Inu devs on Ethereum has reached a new major high as its total count of daily transactions has <a href="https://www.shibariumscan.io/" rel="noopener noreferrer nofollow">surged to 1,566,155</a> within the last few days.</p>
<p>The number of blocks that have been mined totals 539,663, per Shibariumscan. The amount of connected wallet addresses has not been showing such prompt growth and so far remains on the 1,125,110 level.</p>
<h2 id="shiba-inu-burn-rate-on-rise">Shiba Inu burn rate on rise</h2>
<p>Shibburn tracking service has reported that over the span of the past 24 hours, the burn rate of <a href="https://u.today/vitalik-buterin-could-have-pushed-shib-up-over-46000000-heres-why-it-never-happened" rel="noopener noreferrer nofollow">Shiba Inu coins</a> spiked by a significant 224.31% with the help of 14 transactions.</p>
<blockquote>
 <p>In the past 24 hours, there have been a total of 79,362,548 <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SHIB</a> tokens burned and 14 transactions. Visit <a href="https://t.co/t0eRMnyZel" rel="noopener noreferrer nofollow">https://t.co/t0eRMnyZel</a> to view the overall total of <a href="https://twitter.com/hashtag/SHIB?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SHIB</a> tokens burned, circulating supply, and more. <a href="https://t.co/ja9NOnOCwE" rel="noopener noreferrer nofollow">pic.twitter.com/ja9NOnOCwE</a></p>— Shibburn (@shibburn) <a href="https://twitter.com/shibburn/status/1700358640576684306?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 9, 2023</a>
</blockquote>
<p>The largest chunks of SHIB meme coins that have been burned carried 20,514,086 SHIB, 14,447,005 SHIB and 10,487,173 SHIB.</p>
<p>On Friday, the burn rate percentage went <a href="https://u.today/shib-burn-rate-revives-after-several-days-decline" rel="noopener noreferrer nofollow">up merely as high as 65%</a>, while during the two previous days it remained in the red area due to poor SHIB burns made by the Shiba Inu community.</p>

Shibarium Transactions Exceed 1.5 Million, While Almost 100 Million SHIB Gets Burned

Table of Contents

U.Today

Other articles published on Sep 9, 2023

Join our free newsletter for daily crypto updates!