Shiba Inu: How Many SHIB Were Burned in September?
The burn rate of Shiba Inu fell in September compared to August, when developers launched the native Shibarium blockchain. According to Shibburn data, around 2.3 billion SHIB valued at $17,173 were burned last month across 426 transactions. That’s down from the 5.7 billion SHIB worth $45,899 destroyed in August via 763 burns. 🔥🔥🔥 2,323,834,085 $SHIB tokens have been burned in the month of September with 426 transactions. #Shib pic.twitter.com/ywWejDn3jy — Shibburn (@shibburn) October 1, 2023 Shibarium has yet to accelerate Shiba Inu burn rate The numbers show the highly anticipated Shibarium launch has yet to accelerate the meme coin’s burn rate, as some supporters predicted. Expectations were high that the dedicated network could fuel burns of upwards of 5 trillion SHIB per month. Shibarium officially went live in mid-August and aims to lower fees and speed transactions. But the layer-2 solution has gotten off to a slow start with limited adoption so far.