In November, Shiba Inu (SHIB) experienced large token burns and significant price movements. Over 3.1 billion SHIB tokens were burned in 167 transactions, representing a 48.45% decrease in the monthly burn rate. Despite this, the price of SHIB rose by 50% during the month, driven by positive sentiment and ecosystem developments. SHIB reached a high of $0.00003, the highest level since March. Additionally, there were updates to the Shibarium Layer-2 scaling solution, aiming to enhance transaction efficiency and reduce costs. The Shibarium network saw a critical security upgrade, and work is ongoing on upgrades for the burn contracts. Shibarium also reached milestones of 500 million transactions and a total value locked of $9.92 million. A critical hard fork is scheduled for the Shibarium network to address scalability issues and improve performance.



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