Recent data indicates a substantial decline in the SHIB token burn rate, which plummeted by nearly 100%. Despite this sharp reduction, the Shiba Inu community continues actively destroying tokens, burning 46,451,929 SHIB over the past seven days, including 180,292 SHIB within the last 24 hours. This persistent effort aims to steadily reduce the circulating supply and enhance token scarcity over time.
Separately, the Shiba Inu ecosystem has marked a significant technical advancement with the beta launch of the Shiba Alpha Layer block explorer. Designed specifically for Shibarium Layer 3 solutions, this explorer provides essential tools for users and developers.
Key features include instant indexing, real-time transaction data display, detailed network analytics, zero-latency information presentation, and advanced contract monitoring capabilities.
The deployment of this new explorer into beta testing reflects ongoing investments in Shiba Inu’s technical infrastructure. Its primary goal is to streamline user interaction within the Shibarium network and support the growth of decentralized finance applications leveraging Layer 3 technology.