What’s The Average Transaction Cost on Shibarium?

The Shiba Inu team is gearing up for the launch of Shibarium Beta, as three blogs about the subject were published in the last 30 days. The main goal of Shibarium is to lower the gas fees considerably, making transactions affordable, easier, and more secure on the network for its users. Therefore, the transaction fees on Shibarium take center stage as they can make or break the L2 network.

The Bone token will be used as gas fees on the network and the team confirmed that Shibarium will ‘burn’ SHIB for every transaction initiated. Nonetheless, the scale of the ‘burns’ remains to be unknown as no further data is divulged by the team. However, if Shibarium ends up being a 24/7 mill to ‘burn’ SHIB, its price could eventually head north.

Also Read: Shiba Inu vs Dogecoin: SHIB Beats DOGE in 3 Different Categories in 2023

Shiba Inu: What Might Be An Average Transaction Cost on Shibarium?

Unification fund operator and validator Ringoshi shed some light on what could be an average transaction fee on Shibarium. According to Ringoshi, SHIB founder Ryhoshi’s vision of having affordable gas fees on the network could come true.

Ringoshi claimed in a tweet early this year that the gas fees on Shibarium might cost $0.02 per transaction. The validator added that Shibarium could be compared to Polygon’s gas fees, which provide affordable pricing to users.

The fact that Ryoshi wanted Shibarium’s gas fees to be extremely affordable, a $0.02 fee per transaction—seems reasonable.

Also Read: Shiba Inu: How $3,000 Can Fetch You $2.5 Million if SHIB Hits $0.01