Shiba Inu: Shibarium Hits Major New Milestone: Will SHIB Reach $0.01?
Shiba Inu’s layer-2 network , Shibarium, just hit a major milestone on Wednesday. The latest data shows that Shibarium has processed over 6.5 million blocks and is on the brink of reach ing 420 million transactions. This development indicates that the network is brimming with activity, with investors clocking in and out of the layer-2 solution. Also Read: Shiba Inu: 13 Analysts Forecast a 400% Surge for SHIB Shibarium’s Milestones and Challenges Source: shibariumscan.io Shibarium also recently launched an in-burn mechanism that will automatically burn SHIB tokens and reduce the circulating supply. Since the network activity is nearing 420 million transactions, the fee collection will be higher. This will lead to more burns, sending Shiba Inu tokens to the dead wallet. Slower Network Activity Compared to Other Blockchains Also Read: Shiba Inu: Here’s How To Be A Millionaire When SHIB Hits 5 Cents That sounds good, right? But the reality is quite the opposite. Shibarium’...