Shibarium, Shiba Inu’s layer-2 solution, hits 6 million transactions, signaling rapid growth.
SHIB token burns surge, aiming to make tokens scarcer, but SHIB’s price hasn’t responded significantly.
Shiba Inu’s layer-2 solution, Shibarium, has surpassed the remarkable milestone of 6 million transactions. According to data from Shibariumscan, the network’s explorer, the blockchain now boasts 6,329,333 transactions. Interestingly, Shibarium reached this milestone less than two weeks after crossing the 4 million transaction mark, with the total block count approaching 2 million. Notably, last weekend saw a peak in daily transactions, reaching a staggering 43,690 on November 23.
SHIB Token Burn Rate Surges
The surge in Shibarium’s transaction volume has notably impacted SHIB token burns. Data from Shibburn, Shiba Inu’s burn tracker, reveals a remarkable increase in the token burn rate. In 24 hours, investors incinerated 82,887,109 SHIB tokens, marking a substantial surge of 91

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