Key Shibarium Use Cases Shared by SHIB Team

X account @Shibizens, affiliated with the Shiba Inu team, has published a post to remind the $SHIB army about the wide range of opportunities they are missing if they avoid using the Layer-2 network Shibarium.

$SHIB team reveals full Shibarium use case list

The list shared by the aforementioned $SHIB-linked account mentions eight functions of Shibarium available to users now.

It covers various important activities from swapping tokens on Shibarium-based decentralized exchanges (DEXes), staking BONE tokens and bridging assets from Ethereum to getting your own name with Shibarium Domains, minting NFTs and sharing content on the @letsHypeIt platform.

However, there is one important condition that must be fulfilled to work on this blockchain: All transaction fees are paid in BONE, so it is important to have those meme tokens at hand when using Shibarium.

$SHIB burns jump 6,354%

The $SHIB community continues to move Shiba Inu meme coins to dead wallets, very gradually reducing the circulating supply. According to Shibburn, over the past day, the $SHIB burn rate has shown an increase of 6,354%.

The significant surge in this metric was achieved thanks to the cumulative burn of 4,559,620 coins.

The three largest burn transactions on this list include 1,011,990, 2,663,204 and 420,690 $SHIB. Despite the daily burns, the circulating amount of Shiba Inu remains 584,688,572,323,718 coins, with 410,752,272,987,842 $SHIB burned in total.