The article talks about Shiba Inu, a digital money that some people call the "Dogecoin Killer". It says that this money is being burned or removed from existence at a much slower rate than before. One of the reasons is that not many people are using a new network called Shibarium that was supposed to make it more popular and useful. This matters because when these digital moneys are burned, it makes them more valuable and rare. Read from source...
- The article title is misleading and sensationalized, implying that Shiba Inu is a "Dogecoin killer" when it has not achieved the same level of adoption, market cap, or network effects as Dogecoin.
- The article focuses too much on the burn rate and transaction numbers of Shibarium, while ignoring other important aspects such as the actual usage cases, developer activity, community support, and security features of the project.
- The article uses vague terms like "low activity" and "sluggish" without providing any comparative or contextual data to justify these claims. For example, how does Shibarium's transaction volume compare to other layer-2 solutions or competing blockchains? How does the burn rate fluctuate over different time periods and under different market conditions?
- The article relies on secondary sources such as Shibburn for information about the project's burning mechanism, without verifying or cross-referencing them. This creates a potential for inaccuracies and bias in the reporting of the burn rate and transaction numbers.