Shibarium TVL Reaches $1.4 Million as Wallet Addresses Surge Past 300,000

Shibarium, the layer-2 blockchain of the Shiba Inu crypto project, continues its relentless streak of achievements, recently surpassing 600 million completed transactions. And now, Shibarium’s total value locked (TVL) reaches an unprecedented $1.4 million, showcasing Shiba Inu’s burgeoning ecosystem. Data from Defillama’s data shows the Total Value Locked (TVL) in Shibarium has reached a notable sum of $1.42 million.

Since Shibarium launched its mainnet, the total value deposited in the network has skyrocketed. The TVL recently crossed $1.4 million, indicating strong interest in the new chain.

Shibarium Wallet Addresses Soar: Over 300,000 and Growing!

As reported by U.Today, Shibarium saw a surge in active wallet addresses as more users flocked to the network. The wallet addresses were on the verge of crossing the 300,000 mark, and have now decisively broken through that barrier. This massive adoption signals a growing confidence in the Shibarium network and its potential for DeFi applications.

DogSwap Leads the Way in Shibarium's Thriving Ecosystem

DogSwap emerges as the dominant decentralized exchange (DEX) within the Shibarium ecosystem, contributing significantly to the network's growing TVL and attracting a large user base.

Shibarium's Recovery and Continued Growth

The Shiba Inu [SHIB] ecosystem has finally welcomed its much-awaited layer-2 network, Shibarium. Despite initial challenges during its rollout, the platform has overcome hurdles and is now demonstrating remarkable resilience and growth. The Shiba Inu [SHIB] ecosystem has finally welcomed its much-awaited layer-2 network, Shibarium. Despite initial challenges during its initial launch, Shibarium is now showing its potential. In addition, the network has a continuously growing base of users.