Krutika Adani
According to the Shib Burn Tracker, Shiba Inu burns 17 million tokens daily on average.
The burn figures fluctuate every day due to changes in market activity. This month, there were two burn peaks of 250 million tokens and 18 million tokens.
The burn rate fluctuates with the markets because each transaction on the Shiba Inu network burns a portion of the transaction fee.
Due to these fluctuations, it is better to look at the average daily figures or monthly figures rather than instantaneous daily data.
Shiba Inu has a very high token supply, which makes burning tokens compulsory to alleviate its price in the long term.