Shiba Inu burn rate demonstrated impressive rise, while SHIB price is striving to recover from series of recent major declines
shows that over the last 24 hours, the Layer-2 blockchain built by the SHIB team and launched on Aug. 15 during the Blockchain Futurist Conference in Toronto has seen an inflow of more than 30,000 connected wallet addresses.
Unlike the total transaction count on Shibarium, the number of wallets has been growing slowly and is currently standing at 1,250,052. As for an overall count of transactions, today it has reached 2,995,779 and will perhaps reach 3,000,000 by the end of this week.at the time of this writing constitutes 43,885; this metric has been moving in this range over the past week after reaching a massive peak of 200,900 transactions on Sept. 13.
Each transaction made on Shibarium makes its own contribution toward Shiba Inu burns, thanks to the developers' plan, according to which they set aside a portion of the gas fees paid in BONE, and once a certain amount of BONE gathers, they convert it into SHIB and send it to unspendable wallets.
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