In the announcement, SHIB developers shared information about layer-2 blockchains. They highlighted that Shibarium is being developed to provide a tool to allow the community to build and grow the project and fulfill its founder’s vision. While some believe creating Shibarium is a way to increase the memecoins price, the developers noted that this wasn’t the goal. A key update in the new announcement is one of the most-requested features for the project, which is a burning mechanism for SHIB. According to the developers, “all transactions on the network will have an implicit burn amount for SHIB token.“ This mechanism will occur whenever a transaction is made within the network.
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