The Shiba Inu Community is Shaken with This News: A Record was Broken with 200 Million Transactions in 24 Hours!

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According to data shared by Shibariumscan, Shiba Inu The layer-2 solution for has surpassed 200 million transactions today, a huge transaction level. Shibarium added nine million transfers in one day as more and more developers and platforms joined Shibarium. Express your excitement in the community comment thread brought.

200 Million Threshold Exceeded by Shibarium

Shibarium The blockchain showed a massive increase in the total number of transactions in just 24 hours, adding a whopping nine million transfers. At the time of writing this news, the total number of transactions is 200,936,256.

The number of transactions carried out daily is close to eight million (at this level since the beginning of December). Meanwhile, the total number of blockchain wallets connected to Shibarium remains at 1,319,552 following recent growth.

As previously reported, over the last 24 hours the Shiba Inu community has transferred a staggering amount of SHIB to non-spendable blockchain addresses, locking their meme coins there with no chance of removing them. 131,456,481 SHIBs were removed from circulation.

This caused the daily burn rate to increase by 1,812.27% compared to yesterday. Overall, this increase was achieved by the community conducting six cremations, the largest of which carried 123,661,759 SHIB. Over the past five weeks, the Shiba Inu team has played a major role in conducting SHIB burns, transferring a total of approximately 36 billion Shiba Inu to non-spendable wallets.

These SHIBs were converted from BONE tokens paid as transaction fees on Shibarium by the SHIB community – developers, platforms, and average users. Because part of the gas fee is reserved for maintaining the blockchain and future burning. Overall, one million US dollars worth of BONE has been collected so far. Less than $400,000 was burned in four transfers of SHIB 8.5 billion each.

So far, the SHIB dev team has been burning SHIB manually, and Shytoshi Kusama recently confirmed that billions more SHIB will be destroyed. However, SHIB burning will become automatic after the upcoming major update. In this context, the community hopes that many more SHIBs will be burned than have been burned so far.


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