According to the latest data from #Shibburn , the total supply of $SHIB
Currently, there are 589,249,897,384,468 tokens, representing a significant decrease from the initial supply of 1 quadrillion tokens.
More than 41% of the initial supply of #SHİB , or 410,750,102,615,531 SHIB units, has been permanently burned, a move that continues to generate renewed interest within the SHIB community. Vitalik Buterin, co-founder of Ethereum, burned 410 trillion SHIB tokens, equivalent to 90% of $SHIB he received as a gift from the Shiba Inu project.
The Shiba Inu deflationary model relies on strategic token burns, which involve sending $SHIB tokens to 'inactive' wallets where they cannot be accessed or traded. This process aims to reduce the circulating supply of tokens over time.
The burning of 410,750,102,615,531 SHIB units is a clear indicator that the SHIB community remains committed to the long-term deflationary goal of Shiba Inu.
In just the past twenty-four hours, millions of tokens have been delivered to burn addresses, resulting in the permanent removal of 13,526,731 SHIB tokens from circulation, contributing to a daily burn rate increase of 1,906.84%.
At the time of writing this report, the price of SHIB has decreased by 4.78% over the past twenty-four hours, reaching $0.00001119, as part of a widespread market sell-off that saw liquidations worth $471 million.
Growth of SHIB's Infrastructure
The infrastructure for #Shiba_Inu is experiencing continuous growth, and the recently launched decentralized application store (dA,pp St,ore) is just the beginning. The largest leap occurred earlier this month when the Shib Al,pha La,yer (b,eta) was unveiled, paving the way for developers to launch their unique Roll,,Apps on Shibarium.
Shiba Inu's infrastructure will soon include fully homomorphic encryption (FHE), providing developers with privacy features currently unavailable on most blockchains. Kar,,ma is built on this foundation, with integrated on-chain identity solutions planned for the future. The entire group aims to make the launch within the Shiba Inu ecosystem not only possible but also desirable.