Shiba Inu‘S SHIB/USD Burn rate increased by 10,900% in the last 24 hours, days after Shibarum Beta started.

What happened: Data from Shibburn shows that 934 million SHIB were transferred to a dead wallet in the last 24 hours.

Shytoshi Kusamamain developer of shibarium project, said in a blog post on Sunday that users will be able to build decentralized applications (dApps) on top of the Shibarium chain and integrate companies with it.

See more: Top Indian Apps Giving Bitcoin, NFT Rewards

The increase in burn rate comes after SHIB developer Kaal Dhairya admitted to making a mistake regarding the Shibarium beta chain ID after the community accused the team of stealing the Rinia chain ID to have.

Dhairya, on Thursday, admitted his mistake not re-verified at the time the PuppyNet network was launched and confirmed that the chains were not registered at the time. To rectify this situation, he said he will redeploy a new version of the Shibarium Beta Network with a new chain ID, which will take “4 to 5 days.”

Price promotion: At the time of writing, SHIB was trading at $0.000010, up 2.43% over the past 24 hours. according to Benzinga Pro.

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