Shiba Inu sees increased burns and volume spike.

Shiba Inu, a meme cryptocurrency, saw a spike in volume and price over the weekend, with a 60% increase in 24-hour volume and a 3% rise in market cap. The rise is attributed to the promise of Shibarium, a layer-2 scalability platform that is expected to enable faster and more efficient transactions and facilitate the creation of additional meme coins within the SHIB ecosystem. Despite major cryptocurrencies like Bitcoin and Ethereum remaining little changed, Shiba Inu is up 44% year-to-date.