Shiba

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<p dir="ltr">U.Today presents the top three news stories over the past day.</p>
<h2 dir="ltr" id="shib-torches-324-million-tokens-in-one-week-with-1-020-burn-rate-surge">SHIB torches 324 million tokens in one week with 1,020% burn rate surge</h2>
<p dir="ltr">According to data provided by Shibburn X account, over the past week, Shiba Inu<a href="https://u.today/shib-torches-324-million-tokens-in-one-week-with-1020-burn-rate-surge" rel="noopener noreferrer nofollow">has witnessed</a> a major increase in key metrics, particularly its burn rate. On Monday, Oct. 21, this metric surged by 389%, with 6,314,537 SHIB sent to inactive wallets. Meanwhile, within the past seven days, the burn rate skyrocketed by 1,020%, resulting in 324,982,323 SHIB being burnt in total. This strong performance indicates the community's commitment to reducing supply and served as a reliable indicator of SHIB’s market resilience. Overall, the surge in the burn rate has contributed positively to SHIB's price stability. At the moment of writing, SHIB is changing hands at $0.00001822, down 0.55% over the past 24 hours, per CoinMarketCap.</p>
<h2 dir="ltr" id="xrp-ledger-sees-huge-spike-in-active-wallets">XRP Ledger sees huge spike in active wallets</h2>
<p dir="ltr">The XRP Ledger has recently<a href="https://u.today/xrp-ledger-sees-huge-spike-in-active-wallets" rel="noopener noreferrer nofollow">logged</a> a significant rise in active wallets, with unique active wallets rising to 35,799, the highest level in three months, according to<a href="https://x.com/santimentfeed/status/1848144811385123279" rel="noopener noreferrer nofollow">Santiment</a>. Additionally, the ledger recorded a peak in newly created wallets in a single day since March 14. The reason for this sudden activity surge remains unclear. Meanwhile, the jump in activity follows the SEC's appeal in the Ripple case, which caused a sharp price drop for XRP and led to increased negativity around the asset. At the moment, XRP is trading at $0.53 with a small drop of 2.03% over the past 24 hours, which shows that the increase in wallet activity has not affected the token's price significantly. Notably, a few major wallets dominate transaction activity, with 10 wallets accounting for 58% of all transactions.</p>
<h2 dir="ltr" id="vitalik-buterin-unveils-four-major-milestones-for-ethereum">Vitalik Buterin unveils four major milestones for Ethereum</h2>
<p>In his recent<a href="https://x.com/WuBlockchain/status/1848178237144523242" rel="noopener noreferrer nofollow">speech</a> at the Shanghai event, Vitalik Buterin<a href="https://u.today/vitalik-buterin-unveils-4-major-milestones-for-ethereum" rel="noopener noreferrer nofollow">outlined</a> four key benchmarks that Ethereum aims to achieve in the coming years. The first benchmark, reaching over 100,000 transactions per second through layer-2 solutions, would greatly improve Ethereum's scalability and efficiency for decentralized applications (dApps). Second, enabling cross-chain transfers in under two seconds would allow cross-chain transactions to become nearly instantaneous. The third benchmark is ensuring a uniform user experience throughout the ecosystem, highlighted by new standards like the ERC-7683 protocol to reduce errors in cross-chain transactions. Last but not least, the Ethereum Virtual Machine (EVM) is subordinated to cross-chain security. According to Buterin, achieving robust cross-chain security is of utmost importance. Successful implementation of these goals could positively influence Ethereum's market position and attract more developers and institutional investors.</p> <a href="https://u.today/shib-burns-324-million-tokens-in-one-week-xrp-ledger-sees-huge-spike-in-active-wallets-vitalik" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

SHIB Burns 324 Million Tokens in One Week, XRP Ledger Sees Huge Spike in Active Wallets, Vitalik Buterin Unveils Four Major Milestones for E...

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