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ETF talks boost Shiba Inu burn rate by 3,000%
11.6.2024
Dips continue to happen across the Shiba Inu ecosystem. However, the market is increasingly paying attention to these dips. There are two reasons behind this: a massive spike in burn rate and discussions about ETFs. As the rate spiked to 2,955%, the community burned 7.5 million. This number...
SHIB gains overwhelming attention due to hike in token burn rate
6.6.2024
Shiba Inu (SHIB) meme coin receives much attention owing to its overwhelming jump in its token burn rate to 3,900%. This is according to Shibburn, a platform meant for monitoring the burning of SHIB tokens. The pricing of SHIB, too, has seen a rise. The increase in Shiba Inu’s burn rate...
Shiba Inu burn rate skyrockets 200% despite price fluctuations
10.5.2024
The burn rate of Shiba Inu soared by 200% amid heavy price fluctuations in the last 24 hours. SHIB is now experiencing a green trade surge of 2.25%. However, it is interesting to note that the burn rate went as high as 200% despite multiple swings on the price chart. Investigations found that...
Shiba Inu’s burn rate Soars 25,000% amid market downturn
17.4.2024
The prominent meme-based cryptocurrency, Shiba Inu, has shown an exceptional surge in token burning rate, rising by 25,035.22% in a single day based on Shibburn’s confirmation. This showed an instant the community’s efforts to diminish the token and scalp it during the challenging...
SHIB token burn rate skyrockets 300%, fueling price surge and optimism
9.4.2024
Previous days witnessed a massive increase in token burns daily, and it happened at a time when an increase in the meme coin’s price was reported. Shiba Inu, the world’s biggest meme coin, was subjected to a large burn rate the previous week. This resulted in almost 100 million SHIB...
BlockDAG pioneers mobile mining revolution with X1 app, leading ahead of SHIB’s burn rate increase and Waves’ market optimism
31.3.2024
In the dynamic world of cryptocurrency, innovative approaches to mining and strategic token burns are reshaping the landscape for investors and enthusiasts alike. Amidst this transformation, BlockDAG emerges with a pioneering mobile mining solution, bypassing the complexities associated with...
Shiba Inu Price Prediction as Shibarium Upgrades Trigger 4,240% Burn Rate Surge – A New Era for SHIB?
26.1.2024
The Shiba Inu price has remained static in the past 24 hours, holding to $0.000008872 as the cryptocurrency market as a whole gains by a very slight 0.3% today. This movement means that SHIB has fallen by 4% in a week and by 16% in the last 30 days, with the popular meme token also […]
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Shiba Inu ramps up token burning amid the emergence of Borroe with innovative burning mechanics
11.8.2023
Token burning, a practice of permanently removing coins from circulation, has become a pivotal mechanism in the crypto space, offering a way to ensure scarcity and potentially increase value. Recently, Shiba Inu made headlines by amplifying its token-burning approach. Meanwhile, the emerging super...
MakerDAO’s MKR Soars 28% in a Week as Token Buyback Scheme Goes Live
21.7.2023
The lending platform is on track to remove some $7 million of MKR governance tokens from the market in a month, according to blockchain data
Ethereum’s Fiery Path: $6.6 Billion Ether Burned Since the London Hard Fork
16.7.2023
Drawing upon recent data, the Ethereum network has incinerated close to 3.46 million ether, translating to a staggering $6.68 billion in value burned since the London hard fork’s implementation on August 5, 2023. Taking into account the 710-day period that followed, the Ethereum network...
Ethereum’s Transition to Proof-of-Stake Yields Deflationary Results
20.2.2023
After the transition from proof-of-work (PoW) to proof-of-stake (PoS), Ethereum’s annual issuance rate has been reduced to negative 0.057%, according to statistics 158 days after The Merge. The metrics indicate that more ethereum tokens have been removed than issued, and if the chain were...
Fantom wants to cut token burn rate by 75% to fund dApp rewards program
1.12.2022
"Fantom will become the youtube/twitch of blockchain platforms," commented ecosystem architect Andre Cronje
Ethereum burning spikes to new high on Yuga Labs’ NFT hype
2.5.2022
Otherdeed NFTs top the “burn leaderboard” over the past seven days at roughly 55,816 ETH or 56% of all burns during that period
There’s an Insatiable Urge to Burn Crypto — A Look at Why Projects Burn Tokens and the Benefits
29.4.2022
In recent times, cryptocurrencies that burn tokens have been very popular and a number of well known blockchain projects have destroyed large sums of digital assets. While a number of crypto projects have different burn schemes, the overall effect is usually the same, as destroying tokens reduces...
Shiba Inu’s New Burn Portal Rewards SHIB Burners for Destroying Their Tokens
24.4.2022
Shiba inu holders can now get rewards for burning their SHIB tokens as the project’s development team officially launched the Shibaswap burn portal. According to the team, SHIB burners generate passive income in the form of RYOSHI rewards by holding on to a new token called...
Shiba Inu Burn Rate Hits 26,000% in the Last Day, 1.4 Billion SHIB Destroyed in 24 Hours
9.4.2022
On Saturday, the second-largest meme-based cryptocurrency shiba inu has seen a lot of tokens burned during the last 24 hours. According to statistics, the network’s burn rate has increased by 26,592% as 1.4 billion SHIB has been destroyed. Shiba Inu Burn Rate Increases Significantly...
$5.8 Billion Burned: Second Largest Crypto Network Records 2 Million Ethereum Destroyed in 7 Months
21.3.2022
This week, the Ethereum network’s burn rate reached a milestone by surpassing 2 million ethereum burned worth $5.81 billion since August 5, 2021. Metrics show the crypto network has a 24-hour burn rate of 1.74 ether per minute, which equates to roughly $5K worth of ether destroyed every...
Ethereum After 1559: Network Nears 2 Million ETH Burned Worth Over $6.9 Billion
26.2.2022
Approximately 205 days ago, the Ethereum network upgraded via the London hard fork which implemented the packaged Ethereum Improvement Proposal (EIP) 1559. Since then, the EIP-1559 upgrade made it so a fraction of gas is destroyed during the transaction process and to date, 1,915,220 ether has been...
Ethereum Has Burned 1.2 Million ETH in 4 Months, Close to $5 Billion in Ether Destroyed
28.12.2021
With three days left until the end of 2021, the Ethereum network and its native token ether have had a phenomenal year as ether has increased more than 450% in value in 12 months. 145 days ago, on August 5, the Ethereum network implemented the London hard fork and since that day, 1,283,226 ether...
Ethereum Has Burned More Than a Million ETH Over the Last 3 Months
24.11.2021
111 days ago, the Ethereum network implemented the London hard fork upgrade which added a mechanism (EIP-1559) that changed Ethereum’s fee rate to a new scheme that makes the crypto asset ether deflationary. Since then 1 million ether has been burned or the equivalent of around $3.8 billion...