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https://www.gate.com/announcements/article/45974
The launch of SHIBTOKEN on the Base network is not just a simple expansion; it has actually become the burning engine of the entire ecosystem. This initiative is having a significant impact: in just 24 hours, over 600 million SHIB have been burned through creator token activities, worth approximately $8,300.
This astonishing burn rate reveals a key trend: as SHIB continues to grow on the Base network, its burn scale will also continue to expand. This mechanism not only reduces the token supply in the market but may also have a positive impact on the value of SHIB.
In light of SHIB's success on Base, the community has started to speculate: Will BONE be the next token to benefit from this burning mechanism? This question has sparked widespread discussion, as BONE, being the governance token within the Shiba Inu ecosystem, could potentially have a profound impact on the entire ecosystem with its possible burning mechanism.
With the continued development of SHIB on Base, we may see more innovative applications and burning mechanisms emerging. This is not only beneficial for TOKEN holders but may also attract more investors and developers to join this rapidly growing ecosystem. In the future, the roles of SHIB and BONE in the DeFi space may further expand, providing users with more value and opportunities.