[Shiba Inu: Shibarium’s total locked value exceeds 7 million]
Lucie, head of marketing at Shiba Inu, highlighted Shibarium’s latest developments on the X platform. Shibarium’s total locked-up volume (TVL) reached a new high of $7.03 million, demonstrating investors’ strong confidence and investment in decentralized financial applications (dApps) on the platform.
Lucie mentioned that three major DeFi protocols have contributed to Shibarium’s TVL growth, including K9 Finance’s Bonecrusher, ShibaSwap and WoofSwap. Data shows that Bonecrusher’s TVL is US$3.12 million, ShibaSwap is US$2.46 million, and WoofSwap is US$848,546. The three together account for 91.43% of Shibarium TVL.
Shibarium’s TVL has risen significantly over the past week, largely due to the launch of Bonecrusher by K9 Finance, a liquid staking solution that attracted significant inflows. So far, 201 users of Bonecrusher have pledged 2.68 million BONE tokens, most of which were completed within 48 hours of launch.
In addition, Shibarium TVL growth has been driven by rising prices for Shiba Inu ecosystem tokens. SHIB is up 52% in the past week, reaching a three-month high of $0.00002156. Other tokens like Bone ShibaSwap (BONE) and Doge Killer (LEASH) are also up 15.52% and 33.78% respectively.
