news 
Title: Shibarium hits 1 billion transactions as SHIB burns still low and community faces market challenges
The Shiba Inu (SHIB) community is currently dealing with the aftermath of a surprising surge in burn activity, which has raised concerns about the token’s value. Just yesterday, the burn rate jumped by over 12,000% after more than 110 million SHIB were destroyed. However, this rapid increase may be a reflection of shifts in community coordination or broader market sentiment.
On a more positive note, Shibarium, a Layer-2 blockchain solution for SHIB, has reached an impressive milestone – surpassing 1 billion transactions. According to ShibariumScan data, the network processed 4 million transactions within the past 24 hours alone, indicating robust activity and growing adoption. The total number of blocks now stands at 10.2 million, while active addresses have climbed to nearly 194 million.
This notable achievement serves as a counterbalance to the ongoing market challenges faced by SHIB holders.
Source: https://u.today/83-of-shib-addresses-still-in-loss-heres-what-it-means
