Popular dog-themed cryptocurrency Shiba Inu (CRYPTO: SHIB) witnessed an astronomical burn rate jump as the ecosystem’s Layer-2 network, Shibarium, marked its first anniversary. What Happened: Shibarium went live on mainnet in August last year, marking a watershed point for the ecosystem in establishing Shiba Inu as a full-fledged decentralized system. In a post dated Wednesday, Shibarium was referred to as the “cornerstone” of the broader ecosystem and a long-standing vision of Shiba Inu’s anonymous founder, Ryoshi. Since launch, the layer-2 blockchain has processed more than 418 million trans…
