Impact on the token?

The world of cryptocurrencies continues to surprise with spectacular developments, and the recent burn of Shiba Inu (SHIB) is no exception. Indeed, SHIB records a historic increase of +1837% in tokens burned in just 24 hours, a strategy that aims to reduce the circulating supply and, potentially, support its value. Let's take a closer look at this trend and its implications for the price of SHIB, as well as the importance of decentralized finance (DeFi) in the future of cryptos.

Record increase in SHIB burn: +1837% in one day

In the last 24 hours, the Shiba Inu community marked a turning point by carrying out one of the most significant SHIB burns in its history. According to Shibburn, over 21 billion SHIB tokens were sent to inaccessible addresses, permanently reducing the circulating supply. This increase of 1837% compared to the usual daily burn demonstrates the determination of SHIB holders to act to increase the scarcity of the token.

Major transactions include a transfer of 412 144 084 SHIB by an anonymous wallet, among other burnings of several million tokens. This massive move reflects the community's strategy to support SHIB's value over the long term by decreasing its total supply.

Why is burn essential for SHIB?

Token burning is a widespread strategy in the crypto sector. Particularly for projects like Shiba Inu, which seek to compensate for a high original supply. Here are the main advantages of burn:

• Reduction in circulating supply : Fewer tokens in circulation potentially increase the value of remaining tokens.
• Community Engagement : Burn shows active support from the community, reinforcing the credibility of the project.
• Attracting investors : By making the token rarer, burn creates a favorable dynamic that can attract new investors.

XRP Ledger: another network engaged in burn

Burnout is not just about SHIB. The network XRP Ledger (XRPL) also uses a system of destruction de tokens to regulate supply. Since 2012, over 59.8 billion XRP tokens have been burned. Which illustrates the importance of this practice for the long-term sustainability of the asset. With each transaction on XRPL, a small amount of XRP is automatically destroyed, gradually reducing the supply.

Why is XRPL burn important?

Burning on XRPL has several benefits for the network and XRP holders:

• Inflation control : Burn helps maintain limited supply, which protects against devaluation.
• Increasing rarity : The gradual destruction of tokens increases the scarcity of XRP, a benefit to its potential value.
• Encouragement for use : Integrating burn into every transaction encourages users to actively engage on the network, strengthening its adoption.

Shibarium and the future of DeFi with Shiba Inu

The future of DeFi looks bright, with initiatives like Shibarium, Shiba Inu's layer 2 solution. Shibarium promises faster and cheaper transactions, while maintaining user privacy. The BONE token will take a central place in this ecosystem by supporting governance and providing rewards to validators.