Shiba Inu (SHIB), the popular dog-themed cryptocurrency, has reached a significant milestone in its deflationary journey. According to Shibburn, more than 410.74 trillion SHIB tokens have now been permanently removed from circulation, reducing the total supply to approximately 589.25 trillion tokens . This ongoing reduction is part of a broader strategy to increase scarcity and potentially support the token’s value over time.
How Did We Get Here?
At its launch, Shiba Inu had a total supply of 1 quadrillion tokens. However, a series of high-profile burns—including the 410 trillion SHIB sent to a dead wallet by Ethereum co-founder Vitalik Buterin in May 2021—have removed over 41% of the original supply . These burns are a core part of SHIB’s deflationary model, aiming to make each remaining token more valuable by reducing overall supply.
Recent Burn Activity
The SHIB community remains active in burning tokens. In the last 24 hours alone, over 537 million SHIB were burned, marking a surge of more than 3,000% in the daily burn rate. Over the past week, nearly 687 million SHIB have been destroyed, reflecting a 481% increase in weekly burn activity . These figures highlight the community’s commitment to supporting the token’s deflationary goals.
Ecosystem Developments and Partnerships
Beyond token burns, Shiba Inu is expanding its ecosystem. The project recently announced a partnership with TokenPlayAI, an AI-powered gaming platform developed by the Astra Nova team, to bring new Web3 gaming experiences to SHIB holders. Additionally, the launch of the Shib Alpha Layer—a rollup abstraction stack developed with ElderLabs and settled on Shibarium—aims to streamline blockchain operations and enable developers to create custom Layer-2 blockchains through the new Shib Rollups platform .
What’s Next for SHIB?
Shiba Inu’s development team, led by Kaal Dhairya, has hinted at further innovations, including the rollout of full homomorphic encryption (FHE) and broader access to RollApp deployment. These advancements are expected to strengthen the interconnected SHIB ecosystem and position it as a serious contender in the blockchain space.
“Next up: unleash full FHE, open RollApp deployment to everyone, and watch the Shib interconnected ecosystem eclipse blockchains that promised the moon and shipped markdown. Meme era ends here. The Shib Alpha era begins.” — Kaal Dhairya, Shiba Inu Developer
Market Outlook
While the burn rate has recently surged, it’s worth noting that SHIB’s price remains in a downtrend, with the daily burn rate having dropped by 63% earlier this month . However, increased trading volume and strong community engagement suggest that investor interest remains robust, especially as new ecosystem features roll out.
