Shiba

Hoichi

Shiba Inu

Inu.

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According to various sources, of the key SHIB metrics, the burn rate has been showing the negative (or zero) level during the last few days, with no amount of these meme coins <a href="https://u.today/shib-burns-explode-1088-as-price-breaks-out" rel="noopener noreferrer nofollow">transferred to “inferno” wallets</a>.
<h2 id="shib-burns-frozen-no-comments-from-team">SHIB burns frozen, no comments from team</h2>
<a href="https://etherscan.io/token/0x7e743f75c2555a7c29068186feed7525d0fe9195" rel="noopener noreferrer nofollow">Etherscan shows</a> that the most recent SHIB burn transaction was performed five days ago, when a total of 1,703,894 Shiba Inu were burned. Another popular source of SHIB burn data, the Shibburn platform, shows that the last burn transfer was made two days ago, and it constituted less than 100,000 Shiba Inu.
Shibburn currently shows a “frozen rise” in the SHIB burn rate from two days ago – 1,088%, while the list of transactions has remained empty in the last two days.
Data from a recent tweet published by Shibburn, though, says that the daily SHIB burn rate equals zero at the moment, while the weekly rate is down by 85.23%, with 7,090,416 meme coins sent to unspendable blockchain wallets over the last seven days.
<blockquote>
 HOURLY SHIB UPDATE<a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SHIB</a> Price: $0.0000138 (1hr 0.24% ▲ | 24hr 3.38% ▲ )Market Cap: $8,108,877,928 (2.64% ▲)Total Supply: 589,272,035,977,497TOKENS BURNTPast 24Hrs: 0 (0% ▲)Past 7 Days: 7,090,416 (-85.23% ▼)— Shibburn (@shibburn) <a href="https://twitter.com/shibburn/status/1826514691306279296?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 22, 2024</a>
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Overall, tweets have been showing a zero daily SHIB burn rate since Aug. 20. The official SHIB sources have not yet commented on this freeze in SHIB burns. However, earlier this year, a similar situation took place at least once or twice. One of the explanations back then, not only for the lack of burns but also for the transaction activity on Shibarium, was the fact that the developer team was busy working on multiple updates and integrating them.
<h2 id="shibarium-celebrates-first-anniversary">Shibarium celebrates first anniversary</h2>
Last August, the Shiba Inu team publicly launched the layer-2 <a href="https://u.today/shiba-inus-shibarium-turns-1-these-are-its-key-achievements" rel="noopener noreferrer nofollow">solution for SHIB called Shibarium</a>. It was done during the ETHToronto annual conference in Canada. By now, more than 418 million transactions have been processed on it, with more than 1.8 million wallets linked to this platform.
Shibarium supports multiple operations – from smart contract execution to NFTs. Besides, three hard forks were launched on it successfully – Delhi, Indore and Shanghai.
<blockquote>
 Celebrating <a href="https://twitter.com/hashtag/ShibariumTurnsOne?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#ShibariumTurnsOne</a>! 🎂1️⃣🥳In August 2023, we launched Shibarium, turning Riyoshi's vision into reality. Over 417M transactions later, Shibarium has become a cornerstone of our ecosystem.What we achieved 🧵👇 <a href="https://t.co/uQ0NhgLN60" rel="noopener noreferrer nofollow">pic.twitter.com/uQ0NhgLN60</a>— Shibarium Network (@ShibariumNet) <a href="https://twitter.com/ShibariumNet/status/1826276696955478094?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 21, 2024</a>
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Shibarium has welcomed hundreds of dApp builders and made strategic partnerships, such as the one with K9 Finance. A third-party bridge Hoichi has gone live recently, according to the tweet. The SHIB team also released a new ShibaSwap version on Shibarium. This iteration runs not only on Shibarium but also on Ethereum, serving as a bridge for assets between these two blockchains.

Key SHIB Metric Frozen in Past Few Days - What's Happening?

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