Shiba Inu’s Burn Rate Spikes 28385.44% Amid Layer-2 Launch, Atomic Wallet Support

• Ledger announced the inclusion of Shibarium in their roadmap.
• Atomic Wallet, another prominent player in DeFi, officially declared support for Shibarium.
• Shiba Inu’s burn rate shot up by 28385.44% in the last 24 hours.

Developers of Shiba Inu (SHIB) recently announced the Beta phase of their Layer-2 solution, Shibarium. This news was met with great enthusiasm from the SHIB army, as the cryptocurrency’s burn rate spiked by 28385.44% in the last 24 hours.

Ledger, one of the most popular hardware crypto wallets, has expressed its support for Shiba Inu’s Layer-2 and has included Shibarium in its roadmap for 2023. This has added to the enthusiasm of SHIB holders, as it will increase the adoption of the cryptocurrency.

Adding to the excitement, Atomic Wallet, another prominent player in the DeFi space, has officially declared its support for Shibarium. Atomic Wallet provides over five million users worldwide with a self-custodial wallet. This will bring even more users to the SHIB ecosystem, as well as increase liquidity and adoption.

At the time of publication, SHIB is trading at $0.00001160, according to CoinGecko. The coin had a bullish month, fetching over 22.3% in the last two weeks, and even restored the fundamental resistance level of $0.00001. In the past 24 hours, a total of 21,812,209 $SHIB tokens were burned and five transactions took place.

It seems the news about Shiba Inu’s Layer-2 solution and Atomic Wallet’s support has only had a positive impact on the SHIB token, and the SHIB army is eagerly awaiting its launch. This would be a major milestone for Shiba Inu, as the Layer-2 solution will open the door for more users to join the platform and further increase the adoption of the cryptocurrency.