Shibarium of Shiba Inu reaches a new milestone, showing strong user engagement. 🎯

- SHIB rises 4% to $0.00002305, with increased token burning and reduced inflow to exchanges, signaling potential further price increases.

- On Christmas Day, Shibarium - Shiba Inu's Layer 2 blockchain solution - surpassed the milestone of 700 million transactions. This is a significant achievement since its launch last summer.

- Shibarium has updated its user interface, improving compatibility with self-custody wallets like MetaMask, Coinbase Wallet, and Trust Wallet. Additionally, a hard fork has been implemented to increase block processing speed.

- The goal of Shibarium is to develop the Shiba Inu ecosystem by reducing transaction costs, improving speed, and expanding scalability. Some market observers believe that this progress could drive the price of the meme coin.

- The SHIB burn rate has increased by 50% in the last 24 hours, with over 7 million tokens burned. The net inflow of SHIB on exchanges is primarily negative, indicating a shift towards self-custody methods. 🔥