This key Shiba Inu metric has registered a staggering month’s surge as the SHIB supply has seen another big decline
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The Shiba Inu community and the developer team have tried their best to take another big step towards turning SHIB meme coin into a scarce asset. Data shared by the Shibburn cryptocurrency tracker shows that more than a dozen billion SHIB coins have beenThe aforementioned data source has revealed that in March the Shiba Inu supply took an impressive dent with a total of 15,644,329,668 SHIB coins transferred to unspendable wallets.
As for the daily indicator, the SHIB community has managed to dispose of merely 4,498,428 SHIB within the last 24 hours, seeing the burn rate plunge by 61.78%. According to the data provided by the Shibariumscan explorer, the Layer-2 solution built by the SHIB team atop the Ethereum chain has again hit a major low in terms of daily transactions on this network. On March 31, the total daily transfer level2.34 million daily transfers was the biggest record seen recently – at the very beginning of March.
Another major metric measuring transactions on this network, though, has demonstrated a cumulative rise – the total transaction count has surged to the 413,154,847 by now, adding roughly a million transfers over the past month. Overall, the transaction activity has been low on Shibarium lately.Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017.
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