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%.
![SHIB to Get More Scarce as Key Exchange Expands to Shibarium SHIB to Get More Scarce as Key Exchange Expands to Shibarium](https://www.coindesk.com/resizer/DtD1lnTY9QFhuUHno92KDIR3FAQ=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/HOAK6E5WAJBWLNB3NH66DTBH74.jpg)