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<ul> 
 <li>Shibarium gas fees surged, exceeding 60% to 70% of the gas limit.</li> 
 <li>The SHIB token burn rate spiked, with over 182 million coins destroyed in 24 hours.</li> 
 <li>Shibarium’s rapid growth to over one million wallets signals a potential price surge and highlights DeFi interest.</li> 
</ul> 
<p>In a recent turn of events, Shibarium, the layer-2 blockchain that has been capturing the crypto community’s attention, finds itself in the spotlight once again. This time, it’s not just the explosive growth of its user base that’s making headlines but also the surging gas fees and an impressive surge in the Shiba Inu (SHIB) token burn rate.</p> 
<p><a href="https://x.com/shibburn?s=20" rel="noopener noreferrer nofollow">Shibburn</a>, the Shiba Inu burn tracker, recently revealed that Shibarium’s September 12 and 13 gas fees skyrocketed, surpassing 60% to 70% of the permitted gas limit of 20,000,000. This unexpected surge in gas fees was a surprise, considering the initial estimates were not far off the mark. Shibarium’s layer-2 network witnessed an influx of transactions during this period, leading to higher user gas fees.</p> 
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   <p lang="en" dir="ltr">You may have noticed that our previous estimate on Shibarium wasn't too far off based on the average fee at first, until yesterday when the tracker calculated blocks from last week. The transactions during that time, especially around September 12 and 13, had significantly higher… <a href="https://t.co/MIrslUbo7r" rel="noopener noreferrer nofollow">pic.twitter.com/MIrslUbo7r</a></p>— Shibburn (@shibburn) <a href="https://twitter.com/shibburn/status/1705036974522880125?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 22, 2023</a> 
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<p>On a parallel note, the SHIB community has been actively participating in the burning of SHIB tokens. In the last 24 hours, an astonishing 182,336,616 SHIB tokens were transferred to unspendable blockchain addresses, propelling the burn rate up by almost 40%. This fervent burning activity indicates a strong commitment to reducing the circulating supply of SHIB tokens.</p> 
<p>Shibarium’s rapid expansion to over one million wallets underscores its growing popularity and utility. This achievement reflects Shibarium’s potential and signifies the broader trend toward decentralized finance (DeFi) and blockchain technology. The ever-increasing user base could surge SHIB token prices as more BONE tokens are set aside for burning transaction fees.</p> 
<h4 class="wp-block-heading" id="h-read-also">Read also:</h4> 
<ul class="wp-block-yoast-seo-related-links"> 
 <li><a href="https://cryptonewsland.com/fantom-defi-architect-to-create-dapps-without-gas-fee/" rel="noopener noreferrer nofollow">Fantom DeFi Architect To Create Dapps Without Gas Fee</a></li> 
 <li><a href="https://cryptonewsland.com/shiba-inu-burn-rate-soars-ahead-of-shibarium-launch-ath-soon/" rel="noopener noreferrer nofollow">Shiba Inu Burn Rate Soars Ahead of Shibarium Launch, ATH Soon?</a></li> 
 <li><a href="https://cryptonewsland.com/fantom-shakes-up-web3-with-dapps-gas-monetization/" rel="noopener noreferrer nofollow">Fantom Shakes up Web3 with dApps Gas Monetization</a></li> 
 <li><a href="https://cryptonewsland.com/rocket-pool-rpl-price-prediction-2/" rel="noopener noreferrer nofollow">Rocket Pool (RPL) Price Prediction 2023: Will RPL Price Hit $95?</a></li> 
 <li><a href="https://cryptonewsland.com/ethereum-jumps-to-2k-as-memecoins-help-burn-more-eth-for-gas-fees/" rel="noopener noreferrer nofollow">Ethereum Jumps to $2K as Memecoins Help Burn More ETH for Gas Fees</a></li> 
</ul> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com/shibarium-gas-fees-soar-as-shiba-inu-burn-rate-rockets-close-to-200m/">Shibarium Gas Fees Soar as Shiba Inu Burn Rate Rockets Close to 200M</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Shibarium Gas Fees Soar as Shiba Inu Burn Rate Rockets Close to 200M

Crypto News Land

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