• Over 3.8 billion Shiba Inu (SHIB) tokens were burned and permanently eliminated in the five days following Shibarium's beta launch.
• SHIB's burn rate exploded by 1,316.43% on Tuesday, with the memecoin burning a total of 452,950,434 tokens in the 24-hour period between Monday evening and Tuesday evening.
• Shibarium is the Shiba Inu's ecosystem layer-2 protocol built on top of Ethereum (ETH), similar to Polygon (MATIC).
• Once the beta test is complete, the protocol will generate a new ecosystem of custom coins that can be traded using Bone ShibaSwap (BONE) to pay for gas fees.
• SHIB is trading at $0.00001 at the time of writing and is down 7.8% in the past 24 hours.

The article reports on the recent burn rate explosion of SHIB tokens following the beta launch of Shibarium, a layer-2 protocol built on top of Ethereum. The sentiment is neutral, providing factual information without expressing a positive or negative opinion.