The Shiba Inu layer 2 platform, Shibarium, has achieved a significant milestone by processing over 90 million transactions since its introduction. The platform has experienced a surge in daily transactions, with an average of 7.5 million transactions per day. This growth represents a 35% increase in total transactions this month alone. Additionally, Shibarium has seen an increase in the number of blocks and wallet addresses, with approximately 2,077,814 blocks and 1,305,042 wallet addresses.

The surge in transactions has resulted in the expenditure of millions of BONE tokens in transaction fees, setting the stage for the anticipated Shiba Inu token burn. However, the burn rate for the SHIB token has decreased by 91% in the past 24 hours. Despite this, Shiba Inu recently experienced its highest burn rate ever, destroying approximately 8.35 billion SHIB tokens.

In other news, Shibarium has announced its migration to the Sepolia network from the Goerli Network. This move aims to align with more effective and scalable infrastructures, providing a more efficient and user-friendly environment. The transition will also cater to the growing demands of the blockchain community, particularly in the areas of NFTs and DeFi. Sepolia offers a stable and controlled testing environment that replicates the features and functionalities of the Ethereum mainnet, ensuring developers have a reliable platform for testing their dApps and smart contracts. The migration to Sepolia is set to go live on December 15, 2023.