589,249,899,025,789 SHIB Remain as Shiba Inu Deflationary Trend Continues

According to Shibburn's most current data, the total SHIB supply now stands at 589,249,897,384,468 tokens, marking a significant drop from the initial 1 quadrillion token supply.

More than 41% of SHIB’s initial supply or 410,750,102,615,531 SHIB has been permanently burned, a move that continues to spark renewed interest within the community. Vitalik Buterin, Ethereum's co-founder, burned 410 trillion SHIB tokens, 90% of the SHIB he received unwillingly from the Shiba Inu project.

Shiba Inu’s deflationary model is driven by strategic token burns, which involve sending SHIB tokens to "dead" wallets where they can no longer be accessed or circulated. This process is intended to reduce the token's circulating supply over time.

The total burn of 410,750,102,615,531 SHIB is a clear indication that the SHIB community remains committed to Shiba Inu's long-term deflationary goal.

In the last 24 hours alone, millions of tokens were delivered to burn addresses, permanently removing 13,526,731 SHIB from circulation and contributing to a 1,906.84% increase in daily burn rate.

At the time of writing, SHIB was down 4.78% in the last 24 hours to $0.00001119, part of a broader market sell-off that saw $471 million in liquidations.

SHIB infrastructure growing

Shiba Inu's infrastructure is growing, with the recently launched dApp Store being just the beginning. The bigger leap occurred earlier this month when Shib Alpha Layer (beta) was unveiled, paving the way for developers to launch their own unique RollApps on Shibarium.

Shiba Inu's infrastructure will soon include Fully Homomorphic Encryption (FHE), providing developers with privacy features not currently available in most blockchains. Karma is built on top, with integrated on-chain identity solutions planned for the future. The entire stack is intended to make launching in the Shiba Inu ecosystem not only possible but desirable.