Data shared by the well-known Shiv Burn Tracker in a recent tweet shows that burn speed metrics have skyrocketed, shocking the Shiv community with a six-digit increase.
Still, the shibu batch burned this time is rather small and hardly matches the mammoth increase mentioned above.
Sivburns Jump 771,019%
The aforementioned data tracker revealed an astonishing jump of 771,019% on the number of Shivmeme coins burned over the past 24 hours. The number of meme coins destroyed as a result of this incredible surge corresponds to 18,684,231 Shivs.
So far, the biggest burn transaction of four has recorded 16,035,545 shiv and went to a wallet that cannot be advertised. Afterwards, 1,070,154 shivs were removed from the circulating supply.
Still, both Tweet and Shibburn websites show a 771,019% increase. This may mean a massive burn trade has been made, but it has not yet been recorded on the Burn Transfer List website. Tens of millions of more meme coins may be burning, but the community is not aware of them yet.
Hourly Shib Update $shib Price: $0.00001273 (1 hour – 0.32%▼ | 24 hours 0.53%▲)
Market capitalization: $7,502,632,012 (0.46%▲)
Total supply: 589,254,594,876,364The token burned
Last 24 hours: 18,684,231 (771019.73%▲)
Last 7 days: 74,896,709 (-86.04%▼)– Shibburn (@shibburn) March 22, 2025
In the meantime, weekly burn statistics show that over the past week, the community has disposed of 74,896,709 Shivmeme coins, dropping the burn rate by 86.04%.
Shib Executive will tease important features of Shibarium L3 in the future
Meanwhile, the SHIB team has been working on Shibarium Layer-3 solutions for over a year. This week, several X posts from the SHIB team teased this upcoming upgrade, lifting a veil of secrets about what this Layer 3 will look like and what its main features will be.
The official marketing lead of the SHIB team, known to the community as Lucy, has published a tweet today, talking about this next step in Shibarium and its users’ army.
What does Shibarium L3 FHE mean to you?
This means that your data remains fully encrypted even while your app is using it.
Not a developer, not a network, and even an authorities will not be able to see your raw information unless you choose to share it.
Privacy is provided by default.
– 𝐋𝐔𝐂𝐈𝐄 (@lucieshib) March 22, 2025
According to Lucie, Shibarium’s Layer 3 focuses on privacy, encrypting user data completely “even while the app is using it.” She clearly stated that no developer, network or authority can see user data unless the user chooses to share it themselves.
This is possible thanks to the Full Homomorphic Encryption (FHE) Rollup provided by Shiba Inu partner Zama.
