Will Shibarium burn coins?

This heightened demand, in turn, puts pressure on the network's ability to keep up, leading to a potential surge in gas fees. The magnitude of this increase can be substantial, with some estimates suggesting a notable jump of up to 1000%.

The correlation between transaction volume and gas fees underscores the importance of efficient transaction processing in maintaining the network's health and user experience.

Additionally, the rise in gas fees has a direct impact on the rate of token burning within the Shibarium ecosystem. Token burning is a process where a portion of the tokens in circulation is permanently removed from the supply, often as a means of controlling inflation or incentivizing users.

As gas fees increase, the cost of conducting transactions also rises, which can lead to a higher rate of token burning as users opt to burn tokens to cover these fees rather than pay them in full.

The volume of transactions on Shibarium is a crucial factor influencing the dynamics of the network's gas fees. As the number of transactions escalates, so does the demand for computational resources to process them.