SHIB Burns’ 95.55% Collapse Fails to Stop This Bullish Development: Details

• SHIB burns crash but millions of coins still get torched
• Shiba Alpha Layer block explorer launched in beta Data published by the prominent SHIB wallet tracker, Shibburn, has revealed a massive drop in the Shib burn rate that has occurred during the past 24 hours.

However, that did not stop the community from burning a significant amount of SHIB meme coins.

SHIB burns crash but millions of coins still get torched

The aforementioned data source reported that over the past seven days, the key SHIB metric, the burn rate, has demonstrated a drastic fall as it collapsed by almost 100%. Still, this fact has not prevented the SHIB community from burning any meme coins.

According to the same tweet, during the past week, they have managed to transfer a total of 46,451,929 SHIB to unspendable blockchain addresses, which are also called “dead wallets” for short. These millions of SHIB will be permanently locked there, having got moved out of the circulating supply.

The daily burn rate has also displayed a significant decline, dropping by 87.60%. This was the result of 180,292 SHIB getting burned today so far.

Shiba Alpha Layer block explorer launched in beta

SHIB-related X account @Shibizens has spread the word about a major new development regarding the layer-3 Shib Alpha layer that is currently running in a test mode.

Per their tweet, the SHIB team has rolled out the Shib Alpha Layer block explorer in testnet. Her tweet clarifies that this block explorer was built specially for Shiba Inu’s Layer 3 infrastructure and it provides real-time access to block and transaction data.

The post stressed that the main difference between this explorer and general-purpose ones, is that the new product of the SHIB team was created particularly for Shib Alpha Layer’s modular rollups.

“It indexes data instantly, enabling frictionless tracking of onchain activity with zero delays,” it stated, adding that the release on mainnet is “on horizon.”

The key features of the new block explorer are: Live block and transaction data; instant indexing and no caching; network health and usage stats. Besides, according to the post, the new block explorer “simplifies contract monitoring, supports external verification, and aligns with Shibarium’s open-access ethos.”

Currently, the new tool is open for feedback from public testing.