John Ghemrawi, CEO of Australia-based GroveX crypto exchange, said that GroveX Shiba Inu announced the news that it now supports Shibarium, a Layer-2 blockchain solution for its ecosystem. One of the SHIB team members thanked GroveX for their forward-thinking step.
GroveX Supports Shibarium
John Ghemrawi tweeted that GroveX exchange has added Shibarium to the GroveKeeper wallet, saying “this integration will make #Shibarium one of the leading chains available in our wallet.” A member of the SHIB team known as Ragnar, the administrator of the “Shibarium Tech” Telegram channel, was quick to respond to this tweet, saying that the SHIB team is happy with this integration and thanked GroveX for supporting Shibarum. gave. “Let’s continue to build together and drive Shibarium and Crypto adoption everywhere!!” said.
We are happy that @GroveXchange is integrating our blockchain #Shibarium into #GroveKeeper
Let’s continue building together and making #Shibarium and Crypto adopted everywhere!! Thanks for supporting #Shibarium https://t.co/ccnStUTrGl— RagnarShib.eth (@RagnarShiba) October 27, 2023
NEWS CONTINUES BELOW
Koinfinans.com As we reported, as of September 11, GroveX had listed all three of Shibarium’s tokens, namely Shiba Inu (SHIB), Bone ShibaSwap (BONE), and Doge Killer (LEASH), referred to as the Shibarium trio. In a recent tweet, Lucie, a member of the SHIB team, sent a message to Kris Marszalek, CEO of exchange Crypto.com, suggesting that his exchange integrate Shibarium and reassuring him of the SHIB team’s support for Crypto.com.
SHIB Burn Rate Increased Greatly
Earlier today, one of the key metrics of SHIB, the rate at which these meme coins are being pushed out of circulating supply, increased by an impressive 323.82%, with a total of 68,119,115 SHIB sent to “inferno” wallets. This made the SHIB army take more than 15 actions. The largest of these carried 20,421,186 SHIB and 11,185,475 SHIB 15 and 17 hours ago respectively. Earlier this week, the aforementioned Lucie from the SHIB team, Shiba Inu at Shibarium meme coinHe explained an important detail about the burning of his children.
Since users bridge their SHIB tokens from the Ethereum chain to Shibarium, where they are locked in a bridge contract and then exchanged for minted SHIB, they are required to burn real SHIB tokens. ShibariumHe explained that it was necessary to bridge it back to Ethereum. Lucie warns that if this is not done, the minted version of the SHIB coins will be burned, but the real SHIB will remain locked in the contract in the Shibarium.