Shibarium Activity Skyrockets as SHIB Token Burn Rate Jumps 800%
• Shiba Inu token burn rate has increased over 800% in the past day, with 10M SHIB tokens removed from circulation • Growth linked to skyrocketing activity on Shibarium layer-2 network, with over 7.8M transactions in a single day • Total transactions on Shibarium now exceed 30 million mark • Increased demand has led to heightened gas fees, reaching as high as 783 Gwei • Original Shibarium launch date was postponed to fix bugs and issues before release