Shibburn crypto tracker shared statistics on the development of Shiba Inu burns made this week and in the previous 24 hours in an X-tweet.
According to the most recent Shibburn tweet, a significant quantity of SHIB has been moved to dead wallets in the past week.
2.4 billion Shiba Inu gone forever
The SHIB community has been able to burn a total of 2,442,623,691 Shiba Inu meme coins during the last seven days, according to the aforementioned SHIB tracker.
However, that was 15.53% less than what they had burnt the week before. Regarding the most recent burns, 189,084,253 SHIB were locked in unspent wallets during the course of the previous 24 hours, raising the burn rate 109% from yesterday.
Shibarium operations scaled by 1,500%
The primary Shiba Inu developer, who goes by the alias Shytoshi Kusama, detailed the advancements made in the long-awaited Layer-2 solution’s scalability and Shibarium recovery procedure in a blog post that was published today.
The recent introduction of the Shibarium mainnet, according to the head of SHIB developers, was only done for testing. The developers will now draw conclusions and go on working. Additionally, Kusama said that the SHIB team, along with the Unification and Alchemy teams, had increased Shibarium activities by a staggering 1,500%.
In addition, he claims that SHIB developers have created a number of additional protocols to help them support and handle heavy traffic. As Shibarium use grows, SHIB developers are now aware of the potential scale of the traffic they may experience in the future and have made preparations for it.
More burns to come once Shibarium is launched
When there is information to share regarding new advancements made by the teams in scaling Shibarium, Kusama has committed to publishing another update the next day.
The SHIB community anticipates that enormous sums of SHIB — up to billions of meme coins — will be incinerated within a week once Shibarium performs as planned and correctly, or even better. Burns will be fed by petrol fees paid in BONE tokens, therefore every transaction done on Shibarium will add to the total number of tokens burnt.
