News Price Update

Shibarium Achieves Milestone by Burning 1 Billion SHIB Tokens

by Crypto Hobby

Updated May 31, 2025

Shiba Inu's layer-2 solution, Shibarium, has officially burned 1 billion SHIB tokens, marking a significant milestone for the network. Launched on August 16, 2023, this achievement comes after 21 months of operation, reflecting a steady increase in token burns.

Key Takeaways

Shibarium has burned a total of 1,080,162,480 SHIB tokens.
The total value of the burned tokens is approximately $15,000.
The current circulating supply of SHIB tokens is around 549 trillion.
The burn process is ongoing, but the scale remains relatively small.

Overview of Shibarium's Token Burn

The Shibarium network has been actively working to reduce the circulating supply of SHIB tokens through its burn portal. The recent burn of 1 billion tokens, while notable, represents only a fraction of the total supply currently in circulation. The network has seen a 4.38% increase in burns over the past week, indicating a gradual but consistent effort to remove tokens from circulation.

The Impact of Token Burns

Despite the impressive number of tokens burned, the financial impact is minimal. The burned tokens amount to roughly $15,000, which is unlikely to significantly influence the market price of SHIB. With 549 trillion tokens still circulating, the challenge of achieving a substantial price increase through burns remains daunting.

Future Prospects for Shibarium

Shibarium's ability to burn tokens is limited by its transaction fee structure. To initiate a new round of burns, the network must collect around 1,000 BONE tokens. While the burn portal operates continuously, the scale of burns is relatively small, and it may take years or even decades to make a meaningful impact on the overall supply of SHIB tokens.

Conclusion

The burning of 1 billion SHIB tokens by Shibarium is a step in the right direction for the Shiba Inu community, but the road ahead is long. The network's ongoing efforts to reduce the token supply will need to accelerate significantly to create a noticeable effect on the market. As it stands, the current burn rate is insufficient to tackle the vast number of tokens in circulation, leaving the future of SHIB's price uncertain.