Shiba Inu (SHIB) has rolled out a new update to its Shibarium developer hub to expand infrastructure and make developer access easier. The upgrade includes fresh documentation for running validator nodes, building decentralized applications (dApps), and bridging assets across blockchains, marking a step toward deeper integration of its Layer-2 Ethereum network.
Shibarium Upgrade Brings New Developer Tools and Gas Fee Support
The platform now provides software development kits (SDKs) and integration support for frameworks such as Hardhat and ElderJS. Tools like Elder-Wrap and Alpha Layer help developers customize smart contracts and expand decentralized finance (DeFi) offerings on Shibarium.
The documentation also covers chain ID, RPC URLs, and supported tokens to streamline onboarding. Full Ethereum compatibility allows developers to continue using existing frameworks without switching tools.
A Shib Paymaster feature now enables apps to cover gas fees for users, making decentralized apps more accessible. At the same time, the new Bury 2.0 staking model offers long-term rewards to SHIB holders.
SHIB Token Burns Plunge 96% After Last Week’s 360% Surge
Shibarium activity remains high, with daily transactions exceeding three million over the past week and cumulative transactions crossing 1.4 billion. The number of active accounts has continued to rise alongside the upgrade rollout.
However, the Shiba Inu burn rate — which permanently removes tokens from circulation — has dropped sharply. Data from Shibburn shows that in the past 24 hours, only 18.7 million SHIB tokens were burned, down 96.89% from the previous day. This follows a week in which burns had surged by 360%, with more than 135 million tokens destroyed.
Despite earlier increases in burns, SHIB’s price has not mirrored the trend. The lower burn volume suggests supply reduction alone is not enough to counter broader selling pressure in the current market.
The wider market backdrop provides part of the explanation. Bitcoin (BTC) traded at $118,116 as of July 30, consolidating within a descending channel just below the $120,000 resistance. The pattern suggests a pause following BTC’s June rally, with steady volume signaling consolidation rather than a reversal.
Until Bitcoin breaks decisively above $120,000, altcoins such as SHIB may find it difficult to extend rallies, even with rising network usage and token burns.
Price Defends $0.000012 Support Amid Bearish Momentum Signals
As of July 30, SHIB traded at $0.00001293, down 1.45% in the past 24 hours and nearly 9% over the past week. On the daily chart, SHIB recently retreated after testing the $0.00001500 level. Price is now consolidating above a support zone near $0.00001280. If this level holds, SHIB could rebound toward $0.00001400 in the short term.
If support fails, the next strong demand zone sits near $0.00001200, highlighted as a potential base in recent trading patterns.
The Moving Average Convergence Divergence (MACD) indicator shows continued bearish momentum, with selling pressure outweighing buying activity. This suggests traders remain cautious despite the upgrade and high network usage.
