Figures shared by the Shibburn service that tracks burned Shiba Inu tokens show that in the last 24 hours, the SHIB community has managed to get rid of another large pile of meme coins.
These burns are likely to be driven by the growing use of the Shibarium layer 2 blockchain, which points to another major utility milestone.
Almost 80 million SHIB burned and Shibarium near a new high
Shibburn reported that in the last 24 hours, it detected a total of 75,192,032 SHIB meme coins transferred to dead blockchain addresses.
It took 12 transactions and the largest carried two-thirds of the total amount burned: 54,633,331 SHIB. As for all of last week, the SHIB army burned approximately 570,000,000 Shiba Inu in 130 transfers, and the burning rate increased by a slight 71%. As for the SHIB burns recorded by Shibburn on Monday, they amounted to 86,429,656 meme coins.
The Shibariumscan explorer shows that entering this week, the Layer-2 blockchain has been making great progress and its metrics have increased. Currently, Shibarium is close to reaching a new major record, as almost 3,000,000 transactions have been made.
The number of mined blocks has increased to 708,052 and the total connected wallet count stands at 1,246,644. The number of daily transactions has so far fallen to 42,830 from a recent high of more than 200,000 daily transfers.
This is when large clumps of SHIB will be burned with Shibarium
According to a recent post on now.
The question here is, as Lucie put it, not when Shibarium will start burning but when the SHIB army will migrate from the exchanges to Shibarium. Lucie added: “Burns are established per transaction, not based on tweets about burns. With millions of headlines, why not support this measure?”
He warned that it is useless to bother the SHIB development team about burns, but the community should encourage such burns, as each transaction on Shibarium makes its own contribution to SHIB burning. This is done through gas fees paid in BONE tokens; Part of the fee is reserved and when a certain limit is exceeded, these BONE are converted to SHIB and moved to a non-fungible wallet.
Therefore, Lucie concluded: “To initiate burns, you need to actively use Shibarium. The more you use it, the more you will contribute to the burns.”
