Shytoshi Outlines Shibarium Scaling Plan, Shiba Inu (SHIB) Burn Rate Surges By 91%

Shiba Inu’s lead developer, Shytoshi Kusama, recently provided an update on Shibarium validator growth and staking rewards in a Telegram group chat. He outlined a cautious approach to scaling the network and expressed optimism about burning SHIB.

Responding to a user, Kusama explained the team is strategically integrating validators gradually to ensure Shibarium’s security, rather than adding many validators instantly. He said rewards are increasing, though BONE staking payouts may take longer than some expect.

Kusama also noted the contract requires converting $25,000 of BONE to SHIB for burns. This would eliminate over 3.6 billion SHIB coins—a substantial figure requiring significant BONE accumulation beforehand.

While preferring to keep strategy private, Kusama hinted at upcoming changes to accelerate the burn mechanism. He said developers continue working hard behind the scenes to scale up.

Kusama’s comments came as over 46.8 million SHIB got burned in the past day, boosting the burn rate above 90% again. The renewed community burn efforts align with the team’s goals to reduce supply.

The surge in burn rate comes at a time when the burn rate has not been in its best form. Shytoshi struck an optimistic tone about incentivizing validators carefully to strengthen Shibarium and burn more SHIB through platform use. His remarks and the revitalized burn activity reflect building momentum for the ecosystem.

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Petar Jovanović
Petar Jovanović

As the Head of Content at Captainaltcoin, I bring years of experience in the crypto industry. With a strong belief in the potential of the web3 market since 2017, I'm passionate about sharing valuable insights and knowledge. Feel free to connect with me on LinkedIn and let's discuss the exciting world of cryptocurrencies and decentralized technologies!