Shiba Inu has witnessed a surge in its daily active addresses, indicating a rise in interest and the potential for a price rally. Despite recent price underperformance, key indicators related to the second-largest meme coin by market capitalization have shown significant growth. SHIB's daily active addresses have surpassed 3,500, marking a 13% increase, suggesting increased demand and investor interest. If the supply remains stable, this trend could positively impact Shiba Inu's price. The team has implemented a burning mechanism to reduce the coin's circulating supply, with over 410 trillion SHIB tokens (around 41% of the maximum total supply) already burnt. This mechanism, involving manual and automated burns, aims to simplify the process and automate token burning. Additionally, the development of Shibarium, a layer-2 blockchain solution, could further boost SHIB's value by enhancing speed and reducing fees. Recent milestones include over 360 million total transactions and close to 1.5 million wallet addresses created on Shibarium. Watch the dedicated video below for more insights on Shibarium's objectives and features. Read more AI-generated news on: https://app.chaingpt.org/news

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