Shiba Inu's daily burn rate has collapsed to near zero as March closes. On March 31, only 906.4 SHIB tokens were burned, one of the lowest single-day totals recorded this month. The sharp decline marks a striking contrast to earlier peaks and raises fresh questions about burn momentum heading into April.
Despite the slowdown, a notable milestone has been reached. Half of the circulating SHIB supply has now been permanently removed from circulation. The achievement reflects the long-term cumulative impact of the community's burn efforts, even as short-term activity fades.
March Burn Activity: Two Peaks, A Sharp Decline
March's burn chart tells a clear story. Two significant spikes defined the month. The first occurred on February 28, when 84,094,174 SHIB were burned. The second came on March 15, with 54,693,900 SHIB removed from circulation.
Activity fell steadily after mid-month. On March 25, the community burned 15,911,451 SHIB. Six days later, that figure had dropped to just 906.4 SHIB, a near-total collapse in daily burn volume.
The Shiba Inu burn tracker portal, which recently underwent a design refresh, no longer displays percentage changes in daily burn rates. This makes it harder to contextualize daily shifts at a glance. Still, the raw numbers confirm the trend: burn participation has weakened sharply as March ends.
The reasons behind this drop remain unclear. No official explanation has been issued by the SHIB core team. Community-driven burns are inherently volatile. They depend on third-party platforms, user participation, and token transaction activity, all of which can fluctuate without warning.
Shibarium Enters Stabilization Phase After Backend Overhaul
Separately, the Shibarium blockchain has been undergoing its own period of transition. The X account @Shibizens, associated with the Shibarium development team, confirmed that the network has entered what it describes as a "clean stabilization phase."
The update followed a major infrastructure upgrade and a full backend reindexing process. Such procedures are technically intensive. They require the system to rebuild its transaction history and synchronize data across the network, a process that temporarily affects performance metrics.
The effects are visible in the numbers. Over the 48 hours preceding the update, Shibarium mainnet recorded approximately 1,230 transactions per day. That figure represents a steep drop from the March 26 peak of 10,940 daily transactions.