🚀 Shiba Inu’s ecosystem is making a major move by integrating Chainlink’s Cross-Chain Interoperability Protocol (CCIP), leading to a massive surge in its token burn rate!
### Key Developments ⛓️
Shiba Inu developer Kaal Dhairya has outlined a new strategy for expanding the ecosystem’s reach. While SHIB will remain an ERC-20 token native to Ethereum, this integration opens the door to other blockchains like Solana and Base.
### How It Works 🔥
– **Cross-Chain Functionality**: Using Chainlink’s CCIP, SHIB and its ecosystem tokens (BONE, LEASH, TREAT) can be transferred to other networks through a secure lock-and-mint process.
– **Automatic Burning**: The most significant outcome is that every single cross-chain transaction automatically triggers a burn of these tokens on the Ethereum mainnet.
– **Massive Impact**: This new mechanism has already led to a staggering 1,548% increase in the daily token burn rate, sending millions of SHIB to dead wallets.
### What This Means 📈
This strategic integration is designed to enhance SHIB’s deflationary mechanics, aiming to increase scarcity over time. By improving both scalability and tokenomics, the project is strengthening its fundamental infrastructure for the long term.
#ShibaInu #Chainlink #TokenBurn #CrossChain #CCIP #QixNewsCrypto #Shorts
