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 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.
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.
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.
7)
ShibaSwap's daily transactions are steadily increasing, and the number of ShibaSwap's users is also constantly increasing.
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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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.
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.
3)
In this instance, Coinbase introduced an L2, #Base. Coinbase adopted a distinctive strategy.
They facilitated Web 3.0 onboarding of users focused on Coinbase customers within the Ethereum ecosystem by acknowledging Ethereum and using the #OPstack to quickly build an L2.
SHIB becomes one of the most watched crypto assets in Binance during 2022, next to Bitcoin and Ethereum!
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%
3) $SHIB social data analysis
- No. of Twitter followers: +1,205
- Daily mentions on Twitter: +1,590
$SHIB price chart
- Price was being bearish due to overall decline and coupling with Dogecoin
- From 7 days ago Trend reversal with positive on-chain data and social indicators
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.
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)
According to the proposal, existing structure is changed as 100% allocation to the Sushiswap Treasury for 1 year or until new Tokenomics come out.
TVL, price, and market capitalization are all on a tremendous decline.
- Open a short position at the Dissolving date 11th, close the position next day of D+1
- In case of market collapse, do not take any position
- Stop loss when momentum has been converted by the time of the closing price of D+1
2)
Dfinity has successfully raised the 2nd largest capital. It has also raised the most non-frozen funds at $160 million to date.
3)
Strategy, Pre, and team tokens etc, are released around the 11th of each month. By April 2024 (total of 15 times), more than 1.2M ICP will be dissolving (unstaked) and released to the market.
1) Catch the Buying Opportunity of StarkNet token!
Once one of the largest and best-known cryptocurrency hedge funds, 3AC collapsed in mid-June due to liquidity problems. The fund filed for Chapter 15 bankruptcy in New York on July 1.