Dhirendra Chandra Das
Shibarium has been facing a massive 97% decline in its transaction volume
The prima facie reason appears to be a decline in the SHIB burn rate
Shibarium, which was launched to sustain a high burn rate for Shiba Inu, is now experiencing negative burn rates
However, at press time, the burn rate had again increased to 62.5%
The entire Shiba Inu ecosystem relies on an increasing SHIB burn rate to attract new users.