SHIB Jumps 8% as Shiba Inu Exchange Deploys to Shibarium

The developers said the increased use of the Shibarium blockchain for transactions will result in a higher burn rate for the SHIB token, reducing supply. The SHIB price has risen 8.8% in the past 24 hours, in line with a broader market jump . The CoinDesk 20 Index ( CD20 ), a measure of the wider crypto market, has rallied almost 7%.