Shibarium reaches a new all-time high TVL once again ahead of the Hard Fork

Shibarium has reached a new all-time high (ATH) of Total Value Locked (TVL) at 8.57 million USD, a new record recorded ahead of the important hard fork. This increase is driven by the active participation of the Shiba Inu community, with nearly 1.9 million active wallet addresses. Although recently the TVL has decreased to 4.58 million USD due to the drop in SHIB prices, positive signs from DeFi activities within the Shiba Inu ecosystem indicate potential recovery.

Before the hard fork, the Shiba Inu development team implemented a security upgrade for the Shibarium bridge to optimize network performance and address scalability issues. This upgrade was completed on November 30 and will help prepare for new functionalities of the network.

These improvements are expected to create a solid foundation for the sustainable development of Shibarium and enhance its ability to handle the increasing demand in the future.