The launch of SHIB domain names has been facilitated by the D3 platform and will support web3 while operating on the DNS for full internet compatibility.
The launch of the SHIB domain names will have a profound impact on the mass adoption of Shiba Inu as a utility-based meme coin.
Shiba Inu (SHIB), the leading meme coin on the Ethereum (ETH) network with nearly 1.4 million on-chain holders, has gradually grown into a vibrant web3 ecosystem. Web3 developers have been launching decentralized financial (DeFi) projects on the Shibarium layer-two network, which has significantly improved the overall SHIB’s on-chain activity.
Consequently, the Shibarmy has directly benefited from the heightened auto burn rate and the increased demand. As Crypto News Flash has severally reported, the increased SHIB burn rate will ultimately have a huge impact on the underlying price action, especially in the confirmed crypto bull market.
According to market data provided by defillama, the Shibarium network

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