The Shiba Inu community celebrated a significant milestone on May 31, 2025, with the ShibTorch system confirming the burning of 1,172,072,308 SHIB tokens. This represents a 5.62% increase in weekly burn volume, underscoring the community's commitment to reducing SHIB's circulating supply.
Shiba Inu Army Drives Token Scarcity
Recent burns tracked by ShibTorch include:
- 20,579,943 SHIB burned on May 31 at 6:01 UTC
- 13,091,149 SHIB removed on May 28
- 14,374,042 SHIB burned on May 27
These strategic burns align with the community's goal to enhance token scarcity, potentially increasing SHIB's market value. The active participation of the SHIB Army highlights their dedication to strengthening Shiba Inu's position in the crypto ecosystem.
👉 Discover how token burns impact crypto valuations
Shibarium's Growth: 1.2 Billion Transactions Processed
Shibarium, Shiba Inu's layer-2 solution, continues to expand:
- 1.188 billion total transactions
- 99.2 million daily transactions (5.02-second block time)
- 11.27 million blocks and 248.67 million addresses
Key metrics:
| Category | Value |
|---|---|
| Active Accounts | 270,220 |
| Smart Contracts | 28,727 |
| Verified Contracts | 6,802 |
| 24hr Transaction Fees | 676.925 BONE |
BONE tokens facilitate low-fee transactions on Shibarium, optimizing network efficiency.
Why Shiba Inu Adoption Is Accelerating
- Low Fees: Minimal transaction costs attract users.
- High Speed: Fast block validation enhances usability.
- Community Efforts: Burns and ecosystem upgrades drive demand.
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FAQs About Shiba Inu and Shibarium
Q: How does burning SHIB tokens benefit investors?
A: Reducing supply can increase scarcity, potentially raising SHIB's value over time.
Q: What role does BONE play in Shibarium?
A: BONE is used for transaction fees, ensuring smooth operations.
Q: Is Shibarium’s speed competitive with other blockchains?
A: Yes, its 5.02-second block time rivals leading layer-2 solutions.
Q: Why are meme coins like SHIB gaining traction?
A: Strong communities and innovative utilities (e.g., burns, DeFi integration) boost appeal.
Market Context and Future Outlook
While Shiba Inu focuses on supply reduction, analysts note parallels with Dogecoin's (DOGE) potential rallies. However, broader crypto regulations (e.g., IMF's warnings to Pakistan) may impact market dynamics.
Disclaimer: This content is for informational purposes only. Conduct independent research before investing in cryptocurrencies.
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