Important Points:

• Almost 410 trillion Shiba Inu SHIB tokens have been taken from circulation, according to the website Shibburn, which keeps track of the number of SHIB tokens that have been permanently destroyed.
• Shibarium is expected to significantly speed up transactions while simultaneously lowering gas costs. Shibarium’s idea is extremely close to that of Layer 2 solutions now available, such Polygon (MATIC).

Shiba Inu SHIB tokens totaling 410,385,141,032,717 were irreversibly burned before the Layer 2 Shibarium solution could be applied next week.

According to Shibburn, a SHIB burnt tracking website, the supply of Shiba Inu SHIB tokens has been permanently reduced by over 410 trillion. The Shibarium solution, a Layer 2 solution created by the Shiba Inu team, is scheduled to be published next week, and the most recent evidence indicates that millions of SHIB tokens are being destroyed every day.

The Shiba Inu fanbase may not have to wait much longer as lead developer Shytoshi Kusama recently hinted at a potential Shibarium release date next week. Shytoshi Kusama did not, however, provide a time.

Shibarium is intended to significantly speed up transactions and reduce fuel costs, similar to other Layer 2 systems as Polygon (MATIC). The governance token for the Layer 2 Shibarium solution will be BONE, and all Shibarium gas fees will also be paid in BONE.

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Shibarium, a Layer 2 solution that is anticipated to revitalize the ecosystem, is eagerly awaited by the Shiba Inu community. Similar to earlier Layer 2 solutions like Polygon (MATIC), Shibarium is being developed and will use BONE as the governance token, with all gas fees being paid in BONE.

Shiba Inu (SHIB) is now up about 4% over the previous 24 hours, trading at $0.000013. Because to the impending Shibarium announcement, BONE is currently trading at $1.91, up over 10% in the previous 24 hours.