Shibarium's Massive Rising Power, $SHIB

Shibarium Websie is now live!

1)

The burn rate of $SHIB increased by 1700% in just one day on Feb 27 after Shibarium senior developer Shytoshi Kusama tweeted a link to the company's website.

#shibarium Image
2)

Shibarium is an L2 network that offers increased transaction speed and security at a lower cost for the $SHIB ecosystem ($SHIB, $LEASH & $BONE).

Players can own, purchase, and sell digital assets in games and the metaverse using Shibarium.
3) Shibarium’s GAS, $BONE

$BONE is a native token paid for Shibarium's network fees and rewarded to Validators and Delegators.

$BONE must be paid in proportion to the resources needed to run a particular task, and $BONE paid is rewarded to Validators and Delegators. Image
4)

Validators are limited to 100 and require a minimum stake of 10K $BONE.

Additionally, $TREAT is provided to Validators and Delegators. $TREAT incentivizes liquidity pools and provides low network fees.
5) Burn Portal

Every time a transaction is made on the Shibarium network, a specific amount of $SHIB will be burned through the Burn Portal as part of the transaction's basic GAS FEE.

This implies that $SHIB might eventually turn into a deflationary token. Image
6) Integration with ShibaSwap, Shibarium

ShibaSwap will be integrated into the platform as part of Shibarium's mainnet, making tools and features more accessible and giving users and validators/delegators quick access to all staking and liquidity pools. Image
7)

ShibaSwap's daily transactions are steadily increasing, and the number of ShibaSwap's users is also constantly increasing. ImageImage
8) Meme token meta driven by Shibarium

If Shibarium is successfully launched, other meme tokens will venture mark Shibarium to release games and metaverses, and are expected to expand to other chains as well.
9)

It is very likely that $SHIB will drive the price increase of meme tokens now if $DOGE was the main axis and led the rise of meme tokens in the past.

*During Shibarium's beta period, all tokens and Dapps on Shibarium now will be used for testing purposes only. So do not buy!

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More from @Praxis_onchain

Feb 27
Is #Base merely ordinary exchange chains for Coinbase?

1)

The L2 project for Ethereum is one of the hottest topics right now. L2 projects started to emerge as a solution to overcome Ethereum's issue with its scalability limit and the high gas cost that resulted from it. Image
2)

With Ethereum's help, L2 has begun to steadily advance. The temporary Ethereum gas cost explosion is still present, but the current Tx of L2 is steadily increasing, reversing the average TPS, and demonstrating the outcome of sharing the burden of Ethereum's Tx processing. ImageImage
3)

In this instance, Coinbase introduced an L2, #Base. Coinbase adopted a distinctive strategy.

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Read 7 tweets
Dec 22, 2022
1) DAO Maker is selling $DAO

1,200,000 $DAO was deposited to OKX from wallet 0x5857 on two transcations.

$DAO flows as below!

0x7bb4c (DAO Maker, 3rd holder) 👉 0x5857 (11th holder) 👉 OKX 👉 Gate.io & Kucoin

(detail continues)
2)

0x5857 still has 4.4M $DAO ($4M) remaining even after depositing into OKX, making it the 11th holder overall.

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That is, DAO Maker deposited $DAO into OKX.
3)

Next, OKX transfer $DAO to the wallet of 0x2249.

0x2249 split up $DAO to several CEX, Gate.io & Kucoin afterwards.

While posting this, an additional deposit of 1.5M $DAO (~$1.3M) to OKX was detected in wallet 0x5857.
Read 4 tweets
Dec 20, 2022
1) $SHIB investment strategy

SHIB becomes one of the most watched crypto assets in Binance during 2022, next to Bitcoin and Ethereum! ImageImage
2) $SHIB On-Chain Data Analysis

- Daily new address increase: +1.27M/day
- Total address increase/decrease: +3M
- Increase/decrease of active users: +17k
- DEX daily trading volume: $2.2M
- Transaction: +41K (7 days)
- Burn rate: +224.69% Image
3) $SHIB social data analysis

- No. of Twitter followers: +1,205
- Daily mentions on Twitter: +1,590

$SHIB price chart
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- From 7 days ago Trend reversal with positive on-chain data and social indicators Image
Read 4 tweets
Dec 8, 2022
1) Sushiswap short position strategy

Sushiswap Crisis

Sushiswap CEO, Jared Gray, recently mentioned deteriorating Sushiswap yields and the possibility of depleting the Treasury fund within 1.5 years. Accordingly, a governance proposal was proposed on Dec 6.

#Sushi #Sushiswap Image
2)

Approx 0.05% of Sushiswap transaction fee is being distributed to holders of xSUSHI (tokens for $SUSHI stakers) via Kanpai protocol, 10% of which is being allocated to the Sushiswap treasury.
3)

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Read 7 tweets
Dec 7, 2022
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2)

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3)

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Read 7 tweets
Dec 5, 2022
1) Catch the Buying Opportunity of StarkNet token!

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#StarkNet #Starkware #3AC #TENEO Image
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Teneo controls $35.6M worth of fiat and Starkware tokens among 3AC assets.
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Read 4 tweets

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