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Definition: Shibarium


A Layer 2 blockchain designed by the creator of the Shiba Inu token. Launched in 2023 to enhance games and NFTs due to lower fees, Shibarium uses the Bone ShibaSwap token (BONE symbol). Shibarium is noted for its burning of (destroying) Shiba Inu tokens with every transaction to reduce the supply of SHIB on the market and enhance its value. See Shiba Inu.