The Shiba Inu layer-2 solution, which was introduced in August, has reportedly crossed a significant transaction threshold, reaching 200 million as of today, according to statistics provided by Shibariumscan.
As more apps and platforms join Shibarium, the platform has seen nine million transactions in a single day. The comment thread became very lively among the community.
https://x.com/kuro_9696_9696/status/1739934233865707602?s=20
200 million threshold taken by Shibarium
The Shibarium blockchain added a whopping nine million transfers in only one day, demonstrating a significant increase in the overall number of transactions. As of the time of writing, 200,936,256 transactions have been made altogether. Since the beginning of December, the daily volume of transactions has been at a level very close to eight million.
Despite recent expansion, there are still 1,319,552 blockchain wallets linked to Shibarium as of right now.
131 million Shiba Inu removed from circulation
As previously reported, the Shiba Inu community shifted an incredible quantity of SHIB—131,456,481 SHIB—to unspendable blockchain addresses over the course of the last day in order to lock the meme currencies there and prevent anyone from being able to take them out of circulation. As a result, the daily burn rate increased dramatically from yesterday to 1.812.27%.
Six burn transactions totaling 123,661,759 SHIB were made by the community to accomplish this increment overall.
The Shiba Inu team has contributed significantly to SHIB burns during the last five weeks by moving almost 36 billion Shiba Inu to unspendable wallets. These SHIB were created by converting BONE tokens that the SHIB community—developers, platforms, and regular users—paid as transaction fees on Shibarium. A portion of the gas fee is allocated for blockchain upkeep and potential burns.
Less than $400,000 of the one million US dollars worth of BONE that have been gathered thus far have been destroyed in four transactions totaling 8.5 billion SHIB.
Up until now, the SHIB development team has been burning SHIB by hand. Shytoshi Kusama has revealed that billions more SHIB will need to be burned. However, SHIB burning will be automated with the upcoming big update, and the community aims to burn a lot more SHIB than have previously been burnt.
