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Shibarium, the layer-2 scaling solution for Shiba Inu, continues to make waves in the cryptocurrency space, frequently smashing various milestones.
The network’s progress and a successful token-burning mechanism that removed over 15.5 billion SHIB from circulation last month hints at a potential price rally.in the past seven days, the popular meme coin – Shiba Inu – keeps making the headlines thanks to the advancement of its layer-2 scaling solution Shibarium.in August last year.
Those curious to learn more about the feature’s specifics and purposes, feel free to take a look at our dedicated video below:The further development of Shibarium has been touted as a main factor contributing to a price increase for the largest native token of the protocol – SHIB. Another element that might play a role is the successful execution of the asset’s burning mechanism., the team behind the meme coin removed over 15.
The burning program is designed to reduce the tremendous circulating supply of the meme coin, making it scarcer and potentially more valuable in time. The process is rather complicated and includes both manual and automatic burns.
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