The rate of token burns for Shiba Inu (SHIB) has increased significantly this week, by 71.56%, indicating a greater effort to increase token scarcity. The market capitalization of SHIB is currently $10,132,066,996, with a slight growth of 1.68%, and a total of 589,272,225,459,206 tokens available.

No token burns have been registered in the past 24 hours, which deviates from previous trends. However, in the past week, 128,452,453 SHIB tokens have been burned, showing a significant increase of 71.56%. This affects investors and has direct consequences for the potential value of the token due to resulting scarcity.

Despite the recent slowdown in the burn rate, Shiba Inu's blockchain platform, Shibarium, has made notable progress. The ongoing development and activity in the Shiba Inu ecosystem are demonstrated by Shibarium approaching nearly 6 million blocks.

As previously reported, the integration of Shibarium and ShibaSwap has effectively improved transaction speeds and user experience, enhancing the overall value and attractiveness of the platform. This merger aims to strengthen Shiba Inu's market position in the decentralized finance (DeFi) sector.