Shiba Inu Burn Rate in a Decline

Krutika Adani

The current week has seen a decline in Shiba Inu’s burn rate due to low transaction activity.

The decline has been consistent despite positive developments.

ShibaSwap, the Ethereum DEX, has migrated to Shibarium.

The last surge in burn rate was seen a few days ago during the market recovery.

Burning plays a very important function in the Shiba Inu ecosystem due to its very high token supply of 590 trillion.