Here's the latest Shiba Inu news update:

Market Updates

- *Price Movement*: Shiba Inu's price is currently $0.00001479, with a 2% increase in the last 24 hours. Its market cap stands at $8.85 billion.

- *Burn Rate*: Shiba Inu's burn rate has surged 869.74% in the past 24 hours, with nearly 5.89 million SHIB tokens permanently removed from circulation.

- *Trading Activity*: SHIB derivatives volume rose 25.34% to $586.29 million, while open interest climbed 13.5% to $287.41 million .

Ecosystem Developments

- ShibaSwap 2.0: ShibaSwap 2.0 has introduced multi-hop swaps and APR display, empowering liquidity providers and making trading more seamless.

- *TREAT Token*: The Shiba Inu team is set to launch the TREAT token, which will add significant utility to the ecosystem, enhancing liquidity and rewards.

- *Shibarium*: Shibarium has processed over 730 million transactions and introduced the Token Asset Repository, driving ecosystem growth and scalability .

Partnerships and Adoption

- *UAE Ministry Partnership*: Shiba Inu has partnered with the UAE Ministry of Energy and Infrastructure to advance next-generation Web3 solutions.

- *Gasless Transactions*: Shibarium now supports gasless transactions, making it more user-friendly and accessible .

Predictions and Outlook

- *Price Predictions*: Analysts forecast a potential 321% profit for Shiba Inu with strategic long positions amid a bullish market trend.

- *Future Growth*: Some analysts predict SHIB could reach $0.000081 and subsequently breach its all-time high .