Ethereum News Today: Shiba Inu Boosts Token Burns 1548% via Chainlink Integration

Generated by AI AgentCoin World
Saturday, Aug 16, 2025 10:04 am ET1min read
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Aime RobotAime Summary

- Shiba Inu boosted SHIB token burns by 1,548% via Chainlink’s CCIP protocol, sending 3.77M tokens to dead addresses in 24 hours.

- Cross-chain burns now apply to SHIB and four ecosystem tokens (BONE, LEASH, TREAT), enhancing deflationary impact through Ethereum-based destruction.

- Despite stable SHIB price (~$0.00001276), whale activity and infrastructure upgrades like Shibarium suggest growing institutional interest in long-term value.

- Chainlink’s CCT standard integration highlights crypto’s shift toward interoperable, trust-minimized systems for transparent tokenomics.

Shiba Inu’s token-burning activity has intensified, following revelations from Kaal Dhairya, one of the project’s key developers, regarding how

Chainlink
facilitates the destruction of
SHIB
tokens. According to recent on-chain data, 3,772,366 SHIB tokens were sent to dead addresses in the last 24 hours, representing a 1,548% surge in the daily burn rate [1]. This development has reignited interest in the token’s deflationary mechanics and its broader ecosystem strategy.

Dhairya’s comments emphasized Shiba Inu’s continued commitment to

Ethereum
as its native chain, while also revealing the use of the Chainlink Cross-Chain Interoperability Protocol (CCIP) to enable cross-chain functionality. The CCIP version of SHIB allows for the token’s deployment on other blockchains, including
Solana
, while ensuring that each cross-chain transfer triggers a burn of SHIB on Ethereum. This mechanism is designed to burn not only SHIB but also the other four major tokens in the
Shiba Inu
ecosystem—BONE, LEASH, and TREAT [1].

The collaboration between Shiba Inu and Chainlink involves the use of the Cross-Chain Token (CCT) standard, which enhances interoperability and transparency across different blockchain networks. Dhairya also urged developers and builders to contribute back to the SHIB ecosystem, highlighting a broader push for community-driven growth and value retention.

Despite the sharp increase in burn activity, SHIB’s price remains relatively stable, hovering near $0.00001276. Analysts note that while token burns can theoretically increase value by reducing supply, the price impact is often limited without significant demand or broader market adoption. Whale activity has also been notable, with over 360 billion SHIB tokens being moved in recent days, suggesting that large holders are monitoring market conditions closely [2].

Some observers speculate that growing on-chain activity and the expansion of Shiba Inu’s infrastructure, such as the Shibarium Layer-2 network, could support long-term value appreciation. However, these projections remain speculative and are not yet reflected in on-chain price performance. The recent burn surge, coupled with increased whale activity, indicates rising interest in SHIB’s potential, though whether this will translate into meaningful price movement remains to be seen.

The integration of Chainlink into Shiba Inu’s tokenomics model underscores the growing importance of cross-chain solutions in the crypto space. Chainlink’s role in providing reliable data to smart contracts reinforces the transparency of the burn process, aligning with the broader trend of decentralized, trust-minimized systems.

Source:

[1] U.Today - https://u.today/shiba-inu-developer-reveals-how-chainlink-burns-shib-details

[2] Crypto Economy - https://crypto-economy.com/pepe-and-shiba-inu-facing-steeper-losses-as-whale-capital-floods-into-trending-gem-remittix/

[3] Watcher - https://watcher.guru/news/for-those-who-never-sold-this-shib-rally-is-for-you

[4] CoinGecko - https://www.coingecko.com/en/coins/chainlink/eth