{"id":563198,"date":"2023-11-30T17:00:59","date_gmt":"2023-11-30T17:00:59","guid":{"rendered":"https:\/\/ktsl888.com\/?p=563198"},"modified":"2024-06-11T07:08:36","modified_gmt":"2024-06-11T07:08:36","slug":"shiba-inu-shibarium-transactions","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/shiba-inu-coin\/shiba-inu-shibarium-transactions\/","title":{"rendered":"Shiba Inu L2 Shibarium Crosses 4 Million Transactions As Burn Rate Explodes"},"content":{"rendered":"

Shibarium, the Shiba Inu layer-2 solution, recently reached a <\/span>new milestone <\/span><\/a>in the past few days, crossing the 4 million total transaction threshold. The launch of Shibarium, Shiba Inu’s layer-2 solution, has been a huge catalyst for the meme coin. At the same time, SHIB’s burn rate has exploded in the last two days, as investors look to push the price of SHIB in a positive direction.<\/span><\/p>\n

Shibarium’s Rapid Growth, Burn Rate Skyrockets<\/h2>\n

In just the past few months, over 4 million transactions have taken place on the Shibarium network. According to Shibariumscan, the total transaction count now stands at 4.27 million at the time of writing, with the total block count also at 1.87 million, steadily approaching 2 million. The platform saw its daily transactions soar last weekend, reaching as high as 43,690 on November 23.<\/span><\/p>\n

Related Reading: Crypto Analyst Who Sold The Bitcoin Top Reveals How To Buy And Sell At The Perfect Time<\/a><\/div>\n

This milestone seems to have rolled over to Shiba Inu’s token burning. According to data from <\/span>Shibburn<\/span><\/a>, Shiba Inu’s burn tracker, the burn rate has increased significantly this week. The last 24 hours have seen the token burns reach 82,887,109 SHIB, an increase of 913.89% from the previous day.\u00a0<\/span><\/p>\n

SHIB tokens <\/span>can be burned <\/span><\/a>by any Shiba Inu investor by sending the tokens to any of the SHIB burn addresses. Apparently, most of the latest 24-hour figure came from one address, which incinerated 82.86 million SHIB tokens.\u00a0<\/span><\/p>\n

The uptick in SHIB burns has been going on for a while now. The burn rate increased by almost 500,000% over the weekend with more than 264.20 million SHIB tokens sent to inactive addresses.<\/span><\/p>\n

What\u2019s Next For Shiba Inu \u2014 Road To $0.00008?<\/h2>\n

Shiba Inu burns are a way to create artificial scarcity for SHIB, driving up the price of the tokens in circulation. However, the price of SHIB hasn\u2019t reacted to the recent burns and the Shibarium transaction milestone.\u00a0<\/span><\/p>\n

Related Reading: XRP Price Prediction: Analyst Identifies 3 Key Factors That Will Trigger Parabolic Move<\/a><\/div>\n

Shiba inu is currently trading at $0.000008221 and is down by 1.62% in the past 24 hours. On the larger timeframe, the crypto is up by 13.68% from its October bottom of 0.000006. The fundamentals surrounding SHIB also point to a price rise in the coming months as support grows.\u00a0<\/span><\/p>\n

With <\/span>increasing utility,<\/span><\/a> the creation of new tokens in the SHIB ecosystem, partnerships like the <\/span>recent one with boxer Manny Pacquiao<\/span><\/a>, and more widespread mainstream interest on the horizon, analysts see SHIB revisiting and possibly surpassing its former high of $0.000088. However, this would mean the Shiba Inu price would rise 902% from its current price.\u00a0<\/span><\/p>\n

\"Shiba<\/p>\n

SHIB price trades in a tight range | Source: SHIBUSD on Tradingview.com<\/a><\/pre>\n
Featured image from CryptoTicker, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Shibarium, the Shiba Inu layer-2 solution, recently reached a new milestone in the past few days, crossing the 4 million total transaction threshold. The launch of Shibarium, Shiba Inu’s layer-2 solution, has been a huge catalyst for the meme coin. At the same time, SHIB’s burn rate has exploded in the last two days, as investors look to push the price of SHIB in a positive direction. Shibarium’s Rapid Growth, Burn Rate Skyrockets In just the past few months, over 4 million transactions have taken place on the Shibarium network. According to Shibariumscan, the total transaction count now stands at 4.27 million at the time of writing, with the total block count also at 1.87 million, steadily approaching 2 million. The platform saw its daily transactions soar last weekend, reaching as high as 43,690 on November 23. Related Reading: Crypto Analyst Who Sold The Bitcoin Top Reveals How To Buy And Sell At The Perfect Time This milestone seems to have rolled over to Shiba Inu’s token burning. According to data from Shibburn, Shiba Inu’s burn tracker, the burn rate has increased significantly this week. The last 24 hours have seen the token burns reach 82,887,109 SHIB, an increase of 913.89% from the previous day.\u00a0 SHIB tokens can be burned by any Shiba Inu investor by sending the tokens to any of the SHIB burn addresses. Apparently, most of the latest 24-hour figure came from one address, which incinerated 82.86 million SHIB tokens.\u00a0 The uptick in SHIB burns has been going on for a while now. The burn rate increased by almost 500,000% over the weekend with more than 264.20 million SHIB tokens sent to inactive addresses. What\u2019s Next For Shiba Inu \u2014 Road To $0.00008? Shiba Inu burns are a way to create artificial scarcity for SHIB, driving up the price of the tokens in circulation. However, the price of SHIB hasn\u2019t reacted to the recent burns and the Shibarium transaction milestone.\u00a0 Related Reading: XRP Price Prediction: Analyst Identifies 3 Key Factors That Will Trigger Parabolic Move Shiba inu is currently trading at $0.000008221 and is down by 1.62% in the past 24 hours. On the larger timeframe, the crypto is up by 13.68% from its October bottom of 0.000006. The fundamentals surrounding SHIB also point to a price rise in the coming months as support grows.\u00a0 With increasing utility, the creation of new tokens in the SHIB ecosystem, partnerships like the recent one with boxer Manny Pacquiao, and more widespread mainstream interest on the horizon, analysts see SHIB revisiting and possibly surpassing its former high of $0.000088. However, this would mean the Shiba Inu price would rise 902% from its current price.\u00a0 SHIB price trades in a tight range | Source: SHIBUSD on Tradingview.com Featured image from CryptoTicker, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":563199,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[92559],"tags":[83668,89178,84473,83667,89157,87680,89179,84562,84558],"class_list":["post-563198","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-shiba-inu-coin","tag-shib","tag-shib-news","tag-shib-price","tag-shiba-inu","tag-shiba-inu-news","tag-shibarium","tag-shibarium-news","tag-shibusd","tag-shibusdt"],"acf":[],"yoast_head":"\nShiba Inu L2 Shibarium Crosses 4 Million Transactions As Burn Rate Explodes<\/title>\n<meta name=\"description\" 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/ktsl888.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Shiba Inu L2 Shibarium Crosses 4 Million Transactions As Burn Rate Explodes","url":"http:\/\/ktsl888.com\/news\/shiba-inu-coin\/shiba-inu-shibarium-transactions\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/shiba-inu-coin\/shiba-inu-shibarium-transactions\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/11\/Shiba-Inu-Shibarium-burn.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/11\/Shiba-Inu-Shibarium-burn.jpeg?fit=1600%2C914"},"articleSection":"Shiba Inu Coin","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["shib","shib news","shib price","shiba inu","shiba inu news","shibarium","shibarium news","shibusd","shibusdt"],"dateCreated":"2023-11-30T17:00:59Z","datePublished":"2023-11-30T17:00:59Z","dateModified":"2024-06-11T07:08:36Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Shiba Inu L2 Shibarium Crosses 4 Million Transactions As Burn Rate Explodes\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/shiba-inu-coin\\\/shiba-inu-shibarium-transactions\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/shiba-inu-coin\\\/shiba-inu-shibarium-transactions\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/Shiba-Inu-Shibarium-burn.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/Shiba-Inu-Shibarium-burn.jpeg?fit=1600%2C914\"},\"articleSection\":\"Shiba Inu Coin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"shib\",\"shib news\",\"shib price\",\"shiba inu\",\"shiba inu news\",\"shibarium\",\"shibarium news\",\"shibusd\",\"shibusdt\"],\"dateCreated\":\"2023-11-30T17:00:59Z\",\"datePublished\":\"2023-11-30T17:00:59Z\",\"dateModified\":\"2024-06-11T07:08:36Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/11\/Shiba-Inu-Shibarium-burn.jpeg?fit=1600%2C914","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/563198"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=563198"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/563198\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/563199"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=563198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=563198"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=563198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}