The Shiba Inu community has something new to cheer about. As the Shiba Inu team has just rolled out a massive update for Shibarium, the blockchain behind the popular SHIB token. This isn’t just a small tweak—it’s a complete transformation that promises to make life easier for SHIB fans and crypto users everywhere.
Let’s see what this major upgrade its all about!
In a recent X post, Shiba Inu’s marketing lead Lucie announced that the new upgrade has completely changed how people can earn, trade, and burn their SHIB tokens.
So, what’s new? First, there’s a fresh DeFi toolkit. This toolkit makes it easier for users to earn, trade, and burn SHIB and other tokens right inside Shibarium, no need to jump between different platforms anymore.
The toolkit also features new precision liquidity pools. These let users choose the exact price range for providing liquidity, so they can earn better rewards and make smarter moves in the crypto market.
Live Burns Now Part of the Flow
One of the most exciting features of this update is its impact on the SHIB burn mechanism. Before, SHIB burns depended on separate transactions.
But now, any activity on Shibarium like swapping, adding liquidity, or using other tools, will trigger live burns. This means SHIB and other tokens are now being burned in real time.
Lucie said that these burns are now part of the daily flow, which could help reduce the supply of SHIB over time.
Impact On Shib Price
Despite these big upgrade, the daily SHIB burn numbers are still in the red for now. In the last day, the total amount of SHIB burned was about 10.4 million tokens. Three transactions handled this, with one giant burn of over 10 million SHIB tokens alone.
As of now, SHIB’s price is trading around $0.00001266, reflecting a ssligh rise seeing the ast 24 hours with a market cap of $7.46 billion.
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