Shiba Inu’s layer-2 scaling solution, Shibarium, has completed its first-ever hard fork upgrade. This monumental move introduces an enhanced token burning mechanism, allowing for simultaneous burns of multiple tokens.
Most notably, it paves the way for increased burns of SHIB and BONE. Along with spurring immediate price gains for BONE, the upgrade renews optimism within the community that SHIB can finally achieve its mythical $0.01 valuation.
Keypoints
- Shibarium successfully completed its first hard fork, designed to improve token burns, especially for SHIB and BONE
- The hard fork introduces an enhanced burning mechanism that can burn multiple tokens simultaneously
- BONE price saw a nice boost after the hard fork, rising 0.8% in 24 hours and 24.7% over the past week
- The new burn mechanisms raise hopes that SHIB can achieve its long-awaited target price of $0.01
- More applications launching on Shibarium could increase…
