Weekly Update: Shibarium and Shiba Ecosystem Highlights

• Transaction Volume Surge: Shibarium experienced a remarkable 1,054% increase in daily transactions, surpassing 324,000. This surge is largely attributed to the minting of new assets like $FEED, with more assets expected to launch soon, contributing to the network’s growth

• NFT Bridge Launch: The introduction of an NFT bridge now allows @Shiboshisworld, the first Shib NFT collection, to transfer NFTs across networks. This upgrade enhances the utility for Shiboshi holders, with additional NFT collections likely to become bridge-compatible shortly

• ShibaSwap 2.0 Rollout: The ShibaSwap upgrade has introduced advanced DeFi features on both Ethereum and Shibarium, focusing on improved liquidity management, token discovery, and new farming options. These enhancements aim to attract a broader range of assets and facilitate trading

• Rising Total Value Locked (TVL): The launch of ShibaSwap and the Bonecrusher pools have significantly increased Shibarium’s total value locked (TVL).

• SHIB Burn Rate Increase: Shibarium’s growing transaction volume has resulted in a 941% rise in SHIB’s burn rate, with over 320 million tokens recently burned. This action reflects the community’s commitment to decreasing the circulating supply, aiming to support long-term value