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Recent developments in the Shibarium ecosystem have resulted in a significant surge in gas prices, experiencing a remarkable increase of 2,050% within a span of just 48 hours. This surge is attributed to a monumental burn of over 182 million SHIB tokens in a single day, indicative of preparations for a substantial upgrade.

The forthcoming upgrade aims to enhance transaction speed and reduce costs by transitioning exclusively to BONE for gas fees within the Shibarium network. This strategic move promises to mitigate the issue of exorbitant gas prices, offering users the prospect of expedited transactions at a fraction of the current costs, potentially as low as $0.02 per transaction.

These developments mark a pivotal moment in the evolution of Shibarium, heralding a paradigm shift towards a more efficient and cost-effective ecosystem.

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