Shiba Inu While burns have increased in the last 24 hours, SHIB price is trying to break out of the current red candle.
According to data shared by Shibburn, the community has managed to increase cremation rates by over 107% in the last 24 hours. This means that a total of 38,942,436 SHIB tokens were burned. For comparison, the burn rate was recorded as 20,000,000 the other day.
As Koinfinans.com reported, in addition to these burns, the Layer-2 solution Shibarium continues to break records.
Overall, in September the Shiba Inu community managed to burn 2,323,834,085 SHIB in 426 transactions to their burn wallets, according to a tweet posted by Shibburn over the weekend.
Layer-2 blockchain Shibarium continues to expand in terms of usage and reach new milestones.
According to the latest data provided by Shibariumscan explorer, the number of transactions performed on Shibarium has exceeded 3,308,000. The number of wallets connected to the Layer-2 platform is 1,252,121. As for the number of blocks created, that figure is approaching the one million level, with Shibarium currently having 961,673 of them.