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Shiba Inu’s token burn process has taken an interesting turn, with Shibburn, the community-driven burn tracker. It confirms that burns occurring outside of Layer-1 will not have an impact on Data from Shibariumscan, the dedicated blockchain explorer for Shibarium, validated the transaction, indicating that 97 million Shiba Inu tokens now reside in the burn Data from Shibariumscan, the dedicated blockchain explorer for Shibarium, validated the transaction, indicating that 97 million Shiba Inu tokens now reside in the burn wallet. This burn Data from Shibariumscan, Shibarium’s dedicated blockchain explorer, validates the transaction, with 97 million Shiba Inu tokens now resting in the burn wallet. As Shiba Inu CoOp, a community-based Metaverse real estate venture, marked a significant achievement on Shibarium by executing the very first SHIB burn on the layer-2 network, which Shibarium's Burn Hardfork implements the EIP-1559 features and enables our own burning mechanism: ShibTorch. It works as an interactive dashboard where the Shiba Inu community The Shib CoOp team sought information on when Shibburn began monitoring such burns. Data from Shibariumscan, Shibarium’s dedicated blockchain explorer, verified the transaction

Shibarium Burns 97M Shiba Inu – Does it Affect the SHIB Supply? The Truth Revealed!

Shiba Inu’s token burn process has taken an interesting turn, with Shibburn, the community-driven burn tracker providing insights into recent activity. But what does it all mean for the overall supply? We investigate the latest burn event and its impact.

Recently, a significant burn of 97 million Shiba Inu tokens occurred via Shibarium. Data from Shibariumscan, the dedicated blockchain explorer for Shibarium, validated the transaction, indicating that 97 million Shiba Inu tokens now reside in the burn wallet. This burn Data from Shibariumscan, Shibarium’s dedicated blockchain explorer, validates the transaction, with 97 million Shiba Inu tokens now resting in the burn wallet.

Key Takeaway: Burn Outside Layer-1 – No Direct Impact on Total Supply?

Shibburn confirms that burns occurring outside of Layer-1 will not have an impact on. In essence, while the burned tokens are effectively removed from circulation within Shibarium, they may not directly affect the total circulating supply of SHIB on the Ethereum mainnet. This distinction is crucial for understanding the mechanics of the SHIB burn process.

Shibarium's Burn Mechanism: How It Works

Shibarium's Burn Hardfork implements the EIP-1559 features and enables our own burning mechanism: ShibTorch. It works as an interactive dashboard where the Shiba Inu community can participate. This innovative approach allows for community-driven burns within the Shibarium ecosystem.

Shiba Inu CoOp's First SHIB Burn on Shibarium

As Shiba Inu CoOp, a community-based Metaverse real estate venture, marked a significant achievement on Shibarium by executing the very first SHIB burn on the layer-2 network, which highlights the growing utility and potential of Shibarium.

Clarification Needed: Impact on Shibburn Monitoring

The Shib CoOp team sought information on when Shibburn began monitoring such burns. This points to ongoing efforts to refine the tracking and reporting of burn events across different layers of the Shiba Inu ecosystem.

Staying Informed: Key to Understanding SHIB Burns

While the recent 97 million SHIB burn on Shibarium is noteworthy, understanding its specific impact on the overall SHIB supply is crucial. Keep track of official announcements and data from reputable sources like Shibburn and Data from Shibariumscan, Shibarium’s dedicated blockchain explorer, verified the transaction to stay informed about the evolving dynamics of the Shiba Inu ecosystem.

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