Coinspeaker
Shiba Inu (SHIB) Burn Rate Jumps 50,000% with Shib OS Launch
Shiba Inu (SHIB), a prominent meme coin, saw an almost 50,000% increase in its burn rate alongside a rise in derivatives trading volume. Also, a significant milestone is approaching for its Layer-2 blockchain, Shibarium.
Meanwhile, the meme token’s performance this cycle has remained disappointing as investors speculate if SHIB can reclaim its all-time high of $0.00008845.
SHIB Burn Rate Increase
The Shiba Inu burn rate skyrocketed by 49,552% in the past day, leading to the removal of 13,629,023 SHIB tokens from circulation.
A total of 410.74 trillion Shiba Inu tokens have been burned since inception, according to data from Shibburn. While burning tokens reduces supply, the impact on price depends on demand.
SHIB’s open interest increased by 2.85%, now standing at $123.68 million, indicating that traders are positioning themselves for a potential move. Coinglass data shows that the derivatives volume shot up 290.84% to $167.40 million.
Shibarium Nears 10 Million Block Milestone
Interestingly, the Shibarium block count–currently at 9,977,961–is nearing the 10 million mark, highlighting the network’s steady adoption and increasing on-chain activity.
According to Shibariumscan, the total transactions are now at 963.74 million while total addresses have reached 171.43 million.
Also, the daily transactions have rebounded to 2 million, up from 1.46 million on March 13 but still far from the February 15 peak of 4.64 million.
Shib OS Launch
The Shiba Inu team recently unveiled Shib OS, a decentralized operating system built on Shibarium to enable transparent governance and automation for governments, enterprises, and institutions.
The OS includes decentralized identity and storage for user-controlled data. along with smart contract automation to reduce bureaucracy.
Shib OS: The Future of Decentralized Governance
Shib OS is a turnkey solution for governments and enterprises seeking to transition from outdated centralized models to transparent, efficient, and secure decentralized governance. Built on Shibarium, a scalable L2 blockchain, it… pic.twitter.com/T38vfPgBXA
— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) March 13, 2025
It will also have an integrated DAO framework for transparent decision-making. and cross-chain compatibility for seamless integration. Finally, Shib OS will use fully Homomorphic Encryption (FHE) for enhanced security.
Shiba Inu Price Analysis
At the time of writing, SHIB is trading at $0.00001318, up nearly 2%, with a 179.55% increase in trading volume, CoinMarketCap data shows.
According to the daily chart below, the Relative Strength Index (RSI) stands at 46.01, indicating a neutral-to-bearish sentiment. However, the gradient of the line suggests increasing buying demand for the meme token.
Finally, SHIB is trading close to the middle Bollinger Band level ($0.00001308), indicating consolidation. A breakout above the upper BB level ($0.00001492) could indicate a bullish move, while a rejection may lead to a retest of support at $0.00001125.
Shiba Inu (SHIB) Burn Rate Jumps 50,000% with Shib OS Launch
