The Shibarium network has unveiled a new burn portal aimed at facilitating the burning of SHIB tokens. This initiative appears to be highly effective, as evidenced by a remarkable 43% boost in the SHIB burn rate within just 24 hours of its launch.
This increase indicates a strong community response and effective implementation of the burn portal, which is crucial for managing the token's supply and potentially increasing its value.
Such mechanisms are common in the cryptocurrency world as they help manage inflation and can drive demand by reducing circulation.
