Shibarium TVL Reaches $1.4 Million: Wallet Addresses Cross 300,000💹
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 setbacks and is now operational. Subsequent to its public relaunch, the network has attracted heightened investment. According to Defillama’s data, there has been a positive upward trajectory in the amount of funds being staked on Shibarium.
The Total Value Locked [TVL] in Shibarium has reached a notable sum of $1.42 million. TVL quantifies the total cryptocurrency placed into smart contracts on a blockchain. When individuals stake their cryptocurrency assets, they securely lock them within decentralized platforms in exchange for rewards. Therefore, it signifies a notable achievement and underscores the increasing enthusiasm within the Shiba Inu network.
