The Shiba Inu team has introduced a burn portal specifically designed for their Shibarium layer-2 solution. Shibarium aims to enhance scalability and efficiency.
Token burning, a common practice in the cryptocurrency industry, aims to reduce the total supply of tokens. This reduction often impacts market dynamics by potentially increasing the value of the remaining tokens.
The new burn portal is expected to streamline the burning process and contribute to the long-term stability and growth of Shiba Inu.
