Shibarium has burned 1.5 million USD worth of SHIB and enabled low-cost transactions, boosting ecosystem development. 🌟
- Shibarium, the layer-2 scaling solution for Shiba Inu, launched last August, has made a significant impact by burning tokens worth over 1.5 million USD, reducing circulating supply and increasing scarcity.
- Low-cost transactions make SHIB more accessible while laying the groundwork for future utilities like staking and governance systems.
- Despite the progress, SHIB has decreased by 25% in the past two weeks, reflecting the overall decline of the meme coin market. 📉