Shiba Inu Blockchain - Shibarium

Here's a breakdown of the recent Shiba Inu blockchain updates:

Shibarium Launch and Increased Burning:

ShibaSwap on Shibarium: Shiba Inu's decentralized exchange, ShibaSwap, has migrated to its own blockchain, Shibarium. This allows for faster transactions and lower fees compared to the Ethereum network where SHIB currently resides. [CoinDesk - SHIB to Get More Scarce as Key Exchange Expands to Shibarium]

Increased Burn Rate: With more transactions happening on Shibarium, the burn rate for SHIB tokens is expected to increase. Burning reduces the circulating supply of SHIB, which could theoretically lead to a price increase if demand stays the same.

Other Points to Consider:

Current Price: SHIB is currently trading around $0.000024, which is down slightly in the last 24 hours. [CoinMarketCap - Shiba Inu price today]

Total Supply: The total supply of SHIB remains very high at over 589 trillion tokens. [Etherscan - SHIBA INU (SHIB) Token Tracker]

Overall:

The launch of Shibarium is a significant development for the Shiba Inu ecosystem. It has the potential to increase adoption and utility of SHIB. However, the long-term impact on price will depend on various factors, including overall market conditions and users.