Data shared by the Shiven Blockchain Tracking Platform burns Shiven Burn transactions at Etalscar, accumulates data on its website, reporting that daily Shiven Burns levels are showing a major plunge.
This decline came amid a crash across the stock market. This has removed more than $5 trillion from the market within the last few days. But Bitcoin has shown resilience, far above the $80,000 price level, while the other major indexes in and around the Nasdaq are bleeding.
Shiv Burns goes deep
The above data sources have been revealed to have been transferred to a total of 21,613,189 Shib Meme Coins in a non-exit wallet, trapped from the circulation, compared to a 42.07% drop in Shib Burns levels over the past 24 hours.
Two biggest burn trades on this short transfer list of 9,999,999 and 9,684,002 Shiv. There were also moved 1,000,001 Shivs, while the remaining two moved less than 1 million meme coins each.
However, on Friday, the same metric showed an impressive contrasting rise of 1,906.97%, with 48,251,324 shivs being transferred to dead-end wallets.
Regarding weekly burns, the community has been able to dispose of 187,900,543 Shivs over the past seven days. Still, it showed a 90.99% decline compared to last week's inu burned out from the circulation supply.
Shaybarium arrives at an important milestone
Today, the SHIB team boasted of the shivalium in Layer-2 solution by reaching an important milestone. The total number of blocks generated by the network exceeds 10 million levels, and is currently 10,306,430.
Shibarium hits the 10.3m block
But what does that mean?
Each block is like a new page of the blockchain history that contains a batch of validated transactions. As blocks are created every 5 seconds, this milestone indicates:
•Consistency: The chain is vibrant and aggressively processed. …pic.twitter.com/hsf6kj20fi
– Shibarium Updates will be on April 5, 2025
A post published on X account Shibarium Updates (@shibizens) shared details about this new record, which is on the SHIB team, highlighting its importance.
The post deciphered that each block in this chain contains a batch of validated transactions, created approximately every 5 seconds. It shows a constant consistency of shivalium. “The chain is alive and actively processed,” the post adds that each block is adding a new level of security. “Each block adds another layer of protection.” In addition, the increase in blocks proves the growth of the shivarium itself, which is behind it. “Millions of chains have been secured to take action, contracts and forwarding.”
