Shibarium Hits All-Time TVL High

Shibarium recorded an all-time high in total value locked (TVL) at $8.57 million, although this figure has since dropped to $4.58 million as the SHIB price dropped 8.03% to $0.00002392. TVL is currently largely driven by Shiba Inu’s activities, with the largest amount reaching $3.06 million, and other projects such as MARSWAP and DogSwap contributing $875,270 and $497,016 respectively.

The sharp increase in the number of active wallet addresses, close to 1.9 million, reflects the community’s active engagement with Shibarium, which may have contributed to the record TVL. In addition, Lucie, the head of marketing at Shiba Inu, also announced that Shibarium's TVL has reached $7.03 million, indicating growing trust from users.

Other indicators show a significant increase in trading volume and a strong increase in investor interest. This opens up development prospects for Shibarium and may positively affect the value of the SHIB token in the near future.