Shibarium, the Ethereum-based Layer 2 (L2) scaling solution for the Shiba Inu ecosystem, has launched the ShibTorch, a portal designed for the automatic burning of SHIB tokens. This new feature has been highly anticipated, with months of speculation leading up to its release.
The introduction of ShibTorch is expected to act as a catalyst for a SHIB supply crunch. This development marks a significant milestone in the long-term promises made by the ecosystem developers to control and reduce the supply of SHIB tokens.
The post announcing this new feature was first published on CoinGape, providing further details and insights on how this automatic burning mechanism is expected to impact the Shiba Inu ecosystem and its holders.
