The Shibarium layer-2 solution was launched in August 2023 with great pompous and grandeur in the Shiba Inu ecosystem. It was one of the biggest events in the SHIB community after being listed on the Robinhood exchange in April 2022. The sheer scale of the hype and buzz hit a peak with investors hoping the network to burn trillions of tokens.
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The Shiba Inu team of developers had also informed the community that Shibarium burns will be on a larger scale. However, the burns will depend on the amount of transactions that occur on the network on a daily basis. The transaction fees will be collected on the network which will then be split into two: One is to maintain and develop the network and the other is to burn SHIB tokens.
Shibarium: 1 Trillion Shiba Inu Tokens To Be Burned?
Since 22 months of its launch, Shibarium has burned only 1 billion Shiba Inu tokens up until June 2025. The scale is small and if the pace continues, it could take 100 years to burn 1 trillion SHIB tokens. Here, we’re talking about 1 trillion tokens only and not the overall circulating supply of more than 549 trillion tokens.
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If Shibarium takes 100 years to burn 1 trillion tokens, sending 549 trillion Shiba Inu would take an eternity. Therefore, it is not wise to depend on Shibarium to send tokens to the dead wallet. The community or other third-party apps need to step up and launch an alternative platform for the burns.
If things are going this slow in the ecosystem, Shibarium might never take Shiba Inu’s price above the $0.01 level. The 1 Cent dream might never turn into reality and could remain a distant dream even after your grandchildren reach their old age. Therefore, Shibarium is not the solution for burns as the scale is minimal.