Shib Burn Rate Soars to 260%! Shibarium Release Date on the Horizon?

The Shiba Inu community is buzzing! Recent data indicates the shib burn rate is up to a staggering 260%, fueling speculation about a potential Shibarium release date incoming. This increase in burn rate coincides with exciting developments within the SHIB ecosystem, pointing towards a brighter future for the meme coin.

Major Shibarium Upgrade Incoming: Burn Mechanism Activated!

This comes following an announcement from the SHIB team about a major upgrade to Shibarium, scheduled to take place in less than a week. The upgrade, scheduled for August 9, 2025, will introduce a hard fork implementing a new version of Bor – v1.1.2-bone – and activate a highly anticipated burn mechanism. This network enhancement is designed to improve transaction speeds and scalability, further solidifying Shibarium's position as a leading Layer-2 solution.

Shibarium Bor v1.1.2-bone (Burn HardFork): What You Need to Know

The Shiba Inu team has been hard at work developing and testing the new Bor v1.1.2-bone update. We have released a new version of Bor v1.1.2-bone containing the Burn hardfork. This hardfork is expected to happen on August 9th, 2025. This hardfork is pivotal as it introduces a new mechanism for burning SHIB tokens with each transaction, contributing to a deflationary effect and potentially increasing the value of existing SHIB holdings.

The Shibarium network continues to show impressive growth. The network has processed over 1.15 billion transactions to date, with a peak of 4.55 million daily transactions and more than 1.5 million wallets, signaling robust adoption and usage of the platform.

In the past 24 hours, the accelerated burn rate has captured the attention of crypto enthusiasts worldwide. Stay tuned for further updates and official announcements regarding the Shibarium release date and the continued impact of the enhanced burn mechanism.