Shiba Inu Burn Rate Reaches Triple Digits, Here's How Much SHIB Was Burned

u.todayPublished on 2022-09-26Last updated on 2022-09-26

Abstract

On the last day of last week, Shiba Inu's burn rate reached triple digits and stood at 1,031% at one moment.

On the last day of last week, Shiba Inu's burn rate reached triple digits and stood at 1,031% at one moment, according to Shibburn. The percentage declined further but nevertheless remains quite high, having settled at 800%.
JUST IN: The burn rate for $SHIB is up 1031% today🔥
— Shiba Archives (@ShibaArchives) September 25, 2022
Despite the high burn rate on Sunday, the number of SHIBs burned resulted in a rather small figure of 129.4 million SHIB, equivalent to $1,430. Over the past week, however, 318.7 million SHIB, equivalent to $3,511, have been sent to "dead addresses" to burn Shiba Inu tokens, if CryptEye data is to be believed.
The situation with the burning of SHIB's multi-trillion supply remains twofold. On the one hand, the process is slower than investors and Shiba Inu enthusiasts wanted. On the other hand, since July of this year, there has been a noticeable acceleration of the SHIB burning process compared to previous periods. That said, the increase in the burn rate still did not allow more than 10.4 billion SHIB, equivalent to $115,000, to be burned in these three months.
SHIB burning is not priority right now
Certainly the process and mechanism of burning SHIB is an important cryptocurrency feature, but nevertheless developers' attention is now focused on other things, and it seems right that it is.
Given the current trend on the crypto market, in which positive developments are drowning under the weight of an overall negative picture in the economy, an increase in SHIB burning will not bring the token a strong price boom here and now.
At the same time, creating and improving projects — whether it's Shiba Eternity or Shibarium, which can also contribute to the SHIB burnout — can lay a solid foundation for the future success of Shiba Inu.

Trending Cryptos

CitreaCTR

wrapped stUSDTWSTUSDT

Velodrome FinanceVELODROME

BrevisBREV

ZRX（0X）ZRX

Annualized Revenue Exceeds $20 Billion, Kalshi Aims to Become the First Prediction Platform IPO?

Kalshi, a leading U.S. prediction markets platform, is reportedly in early, informal discussions for an Initial Public Offering (IPO). The company's annualized revenue now exceeds $2 billion, fueled by its dominance of over 90% of the domestic prediction market activity. This growth stems from a surge in trading volume—reaching a total of $52.7 billion—and an increase in fee rates, largely driven by sports event contracts like the NBA playoffs and the 2026 FIFA World Cup. Monthly active users are approximately 2 million. Kalshi recently raised $1 billion in a funding round led by Coatue Management, valuing the company at $22 billion. It has also expanded its offerings to include Bitcoin perpetual contracts and plans to launch a dedicated trading platform, Kalshi Pro. However, Kalshi's path to an IPO faces significant regulatory hurdles. The core risk involves jurisdictional conflicts, as multiple U.S. states are challenging its operations under local gambling laws. For instance, Arizona has filed criminal charges against the platform, while states like Kentucky have filed lawsuits. Kalshi and the Commodity Futures Trading Commission (CFTC) argue that its event contracts fall under exclusive federal jurisdiction as "swaps." The outcomes of these ongoing legal battles could critically impact Kalshi's core revenue and its IPO timeline. Analysts suggest that while an IPO could theoretically occur by late 2026, a more likely timeframe is late 2027 or 2028, contingent on resolving legal issues and favorable market conditions. If successful, its fundraising could significantly exceed $1 billion, given its current valuation and revenue multiple.

Foresight News6m ago

Annualized Revenue Exceeds $20 Billion, Kalshi Aims to Become the First Prediction Platform IPO?

Foresight News6m ago

Don't Care if You Know Football or Not, Buying the Draw Is the Best Strategy for This World Cup?

The article analyzes the 2026 FIFA World Cup group stage and argues that betting on a draw has been a surprisingly profitable strategy. Based on data from the prediction market Polymarket, a strategy of betting $1000 on a draw for each of the first 40 matches would have yielded a return of over 100%, despite only 13 matches ending in a draw. The core of the strategy is not the frequency of wins, but the high payout when low-probability draws occur, such as Spain's 0-0 draw with Cape Verde, where pre-match odds for a draw were only 5.5%. The article identifies common draw scores, like 1-1, which provide stability, and high-value 0-0 stalemates, where favorites fail to break down resilient defenses. It highlights Group G as an example, where 3 of the first 4 matches ended in draws, illustrating that draws are a tactical part of group stage calculus as teams often prioritize not losing. In conclusion, while strong teams remain favorites on the pitch, the article claims that for traders, betting on draws has so far produced the most significant profits.

Odaily星球日报16m ago

Don't Care if You Know Football or Not, Buying the Draw Is the Best Strategy for This World Cup?

Odaily星球日报16m ago

Financing Weekly Report | 11 Public Financing Events, Stablecoin Payment Infrastructure Company Trace Finance Completes $32 Million Series A Round Led by CoinFund

Financing Weekly Report | 11 public funding events recorded, with a total scale exceeding $264 million. The stablecoin payment infrastructure sector remains a hot spot. Key Deals: - Trace Finance, a stablecoin payment infrastructure firm, raised $32 million in a Series A round led by CoinFund to expand in Latin America and Asia-Pacific. - Galaxy Ventures co-led a $140 million Series A round for Karta, a US credit card provider for global travelers without requiring an SSN. - Instant payment platform Interchecks completed a $50 million Series C round. - Paradigm led a $9 million Series A for Latin American cross-border payment app El Dorado. - Range, a stablecoin compliance startup, raised $8.3 million in an oversubscribed Series A. - RWA infrastructure project Renaiss raised $1.5 million to expand its on-chain collectibles platform. Sector Breakdown: - Infrastructure & Tools: 6 deals, including the above-mentioned Trace Finance, Range, and Renaiss. - Centralized Finance (CeFi): 3 deals, led by Karta's $140 million round. - DeFi: 1 deal – reinsurance protocol Re secured strategic investment from Coinbase Ventures. - Prediction Markets: 1 deal – K25.ai completed a $10 million Pre-A round from NewGen. Other notable transactions include digital asset depository RDC raising $7 million, ad-tech startup EarnOS securing $6 million, and a $1 million strategic investment in LitVM, a ZK Layer 2 for Litecoin. The report highlights sustained investor interest in stablecoin payment infrastructure, compliant on-chain finance, and real-world asset (RWA) tokenization.

marsbit48m ago

Financing Weekly Report | 11 Public Financing Events, Stablecoin Payment Infrastructure Company Trace Finance Completes $32 Million Series A Round Led by CoinFund

marsbit48m ago

When Transfers Become Truly Frictionless: How Sui Uses 'Zero Gas' to Become the Underlying Infrastructure for Stablecoin Payments

Title: Sui Launches Zero-Gas Stablecoin Transfers to Become the Foundation for Stablecoin Payments Sui has introduced a zero-gas fee feature for peer-to-peer stablecoin transfers, eliminating the need for users or businesses to hold separate SUI tokens to pay transaction costs. This innovation, built on a new underlying account architecture called Address Balances, significantly reduces validator processing costs for eligible transactions. Currently, the feature applies to a whitelist of stablecoins for transfers meeting a minimum amount, effectively preventing spam. This development aims to unlock mainstream payment use cases for stablecoins—such as everyday purchases, remittances, and subscriptions—by removing cost and complexity barriers. It is also positioned to benefit high-frequency micro-payments for AI agents and institutional B2B payments, reducing operational friction. Major custody provider Fireblocks has already announced support. The move follows Sui processing over $1 trillion in stablecoin transfer volume since August 2025. Looking ahead, Sui plans to enhance this infrastructure with protocol-level confidential transactions later in 2026, aiming to provide scalable, free, and privacy-preserving payments. Together, these advancements strengthen Sui's goal of becoming the default settlement layer for stablecoin payments.

marsbit50m ago

When Transfers Become Truly Frictionless: How Sui Uses 'Zero Gas' to Become the Underlying Infrastructure for Stablecoin Payments

marsbit50m ago

Ethereum Is Retracing the Path of the Internet and Linux: No One Yields, and the Neutral Party Ultimately Prevails

This article argues that Ethereum is following the historical path of open, neutral systems like the Internet and Linux, which eventually triumphed over proprietary, centrally-controlled alternatives. Major financial institutions like JPMorgan, Stripe, and Circle are building their own proprietary blockchains or networks (e.g., Tempo, Arc), but will never agree to build on a competitor's controlled infrastructure. This creates the perfect opportunity for Ethereum as the only neutral, credibly neutral settlement layer that no single entity controls. The piece draws parallels to the 1990s, when experts like Bill Gates predicted proprietary networks (from Microsoft, Oracle) would win over the open Internet, and when Sun Microsystems' Unix lost to the open-source "bazaar" development model of Linux. This model, described in Eric Raymond's "The Cathedral and the Bazaar," thrives on permissionless innovation where countless contributors improve the system, outpacing any centralized competitor. Ethereum embodies this through its decentralized development, broad validator distribution, and credible neutrality—rules that are transparent, equally applied, hard to change, and open to all. This has attracted over a million developers and major institutions like Coinbase, BlackRock, and JPMorgan, who choose Ethereum for its security, ecosystem, and sovereignty (the inability of any single party to change the rules). While proprietary chains offer initial speed and control, they inherit the downsides of both centralization and decentralization without the long-term innovation benefits. The article concludes that, just as open systems historically win, Ethereum is poised to become the foundational, neutral settlement layer for global finance.

marsbit1h ago

Ethereum Is Retracing the Path of the Internet and Linux: No One Yields, and the Neutral Party Ultimately Prevails

marsbit1h ago

Trading

Spot

Futures

Hot Articles

How to Buy SNT

Welcome to HTX.com! We've made purchasing Status Network Token (SNT) simple and convenient. Follow our step-by-step guide to embark on your crypto journey.Step 1: Create Your HTX AccountUse your email or phone number to sign up for a free account on HTX. Experience a hassle-free registration journey and unlock all features.Get My AccountStep 2: Go to Buy Crypto and Choose Your Payment MethodCredit/Debit Card: Use your Visa or Mastercard to buy Status Network Token (SNT) instantly.Balance: Use funds from your HTX account balance to trade seamlessly.Third Parties: We've added popular payment methods such as Google Pay and Apple Pay to enhance convenience.P2P: Trade directly with other users on HTX.Over-the-Counter (OTC): We offer tailor-made services and competitive exchange rates for traders.Step 3: Store Your Status Network Token (SNT)After purchasing your Status Network Token (SNT), store it in your HTX account. Alternatively, you can send it elsewhere via blockchain transfer or use it to trade other cryptocurrencies.Step 4: Trade Status Network Token (SNT)Easily trade Status Network Token (SNT) on HTX's spot market. Simply access your account, select your trading pair, execute your trades, and monitor in real-time. We offer a user-friendly experience for both beginners and seasoned traders.

1.8k Total ViewsPublished 2024.03.29Updated 2026.06.02

Discussions

Welcome to the HTX Community. Here, you can stay informed about the latest platform developments and gain access to professional market insights. Users' opinions on the price of SNT (SNT) are presented below.