Shiba Inu burn rate is positive, up 500% from the day before as millions of SHIB are flung into the blazing fire.
Over half a billion SHIB were destroyed in the just-completed week, while millions more were despatched to dead wallets on the previous day.
In the previous seven days, 88 transactions totaling 564,273,572 SHIB tokens were burnt, according to Shibburn. This is priced at $4,425. The image that was presented shows a 74% decrease in the weekly burn rate.
A total of 135,851,937 SHIB tokens were burned in 11 transactions during the past 24 hours, which resulted in a 500% increase in the daily burn rate.
SHIB was slightly down 0.90% in the previous 24 hours to $0.0000078 at the time of writing. In the past seven days, the token has decreased by 3.64%. Shibarium was successfully launched last week. Over a million interacting wallets have been attracted to the new Shiba Inu Layer 2 blockchain, indicating its usability and popularity.
Wrapped Bone announcement is imminent
Shiba Inu head Shytoshi Kusama announced in an update that WBONE was finished and that Shiba Inu developer Kaal Dhairya will shortly make an announcement.
Shiba Inu team member Lucie provides further information regarding WBONE, or Wrapped Bone, in an X post.
The Shibarium-based token WBONE represents BONE in a standardised format that is appropriate for smart contracts and decentralised apps (dApps) on the Shibarium network.
BONE’s interoperability with other tokens and dApps on the Shibarium network is improved via WBONE. In order to connect with various DeFi (decentralised finance) protocols and decentralised exchanges (DEXs) that might require tokens to be in a standardised format, users can wrap their BONE tokens into WBONE.
