Shibarium’s New Hard Fork: How 70% of Fees Will Supercharge SHIB Burns

• Shibarium’s hard fork will burn 70% of transaction fees, aiming to reduce SHIB supply and boost its value.
• The upgrade includes a new burn mechanism and directs 30% of fees to Shibarium’s ecosystem development.
• Despite significant transaction and wallet growth, Shibarium’s recent activity has slowed, highlighting a need for the upgrade.

Shibarium, the layer-2 scaling solution for the Shiba Inu ecosystem, is set to introduce a hard fork aimed at significantly increasing the rate of SHIB token burns. This new upgrade, featuring a revamped version of Bor, the network’s core component, promises to transform the way transaction fees are handled, with a substantial portion being burned to reduce the overall supply of SHIB tokens.

The primary feature of this hard fork is a new burn mechanism directly linked to base transaction fees. Under this mechanism, 70% of the base transaction fees …

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