March 13, 2023 3:46 AM | | 1 minute read
Shiba Inu(CRYPTO: SHIB) burn rate surged to 2400% in the last 24 hours on news of the highly anticipated layer 2 blockchain Shibarium release.
what happened: Toshitoshi Kusamalead developer Sibarium The project said in a blog post on Sunday that users will be able to build decentralized applications (dApps) on the Sibarium Chain and integrate their businesses there.
He also noted that SHIB Burn is determined by transactions on the network and a new chart showing the total number of Burn Tokens will be integrated into the Burn Portal.
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According to Shibburn data, over the last 24 hours, the burn rate has increased by more than 2452% and over 602 million SHIBs have been removed from circulation.
Kusama said in a blog post that early beta testers can now use the testnet, which uses a token called Puppynet, which is by no means an investment.
“All tokens on Puppynet are not real,” Kusama said while sharing a link to test Ethereum’s scaling protocol. , DON’T SPEND YOUR HARD-EARNED SHIBS.
Price action: At the time of writing, SHIB is trading at $0.000010, up 5.80% over the past 24 hours, according to Benzinga Pro.
read more: Bitcoin jumps to $22,000, Ethereum, Dogecoin rally as Team Biden eases SVB blow.Analysts See Apex Crypto at $25,000 If It Breaks This Level
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