Shiba Inu's Layer-2 solution Shibarium has recently achieved several milestones, further proving its strength as a scaling solution. Shibarium has made significant progress in trading volume and the number of addresses, becoming an important part of the Shiba Inu ecosystem.
According to the latest data, Shibarium's trading volume has exceeded 600 million transactions, while the number of platform addresses has also reached 2 million. The number of daily active addresses soared to over 12,000 on December 8, and although it has since declined, it still shows strong performance.
Shibarium TVL reaches $6 million
The total value locked (TVL) of Shibarium has also reached a historic high, successfully surpassing $6 million, marking the rapid growth of the platform. The increase in TVL coincides with the daily trading volume of the platform, demonstrating Shibarium's scalability and appeal within the Shiba Inu ecosystem. As Shibarium's ecosystem continues to grow, user confidence in the platform is also steadily increasing, driving it to become an important tool in the broader blockchain community.
The rebound in SHIB's price is closely related to the development of Shibarium
The growth of Shibarium activities has had a significant impact on SHIB's price. SHIB's price has risen from $0.000017 in mid-June to $0.000027 at the beginning of December, which is closely related to investors' optimistic views on the ecosystem's development. However, the recent pullback indicates that the market is in an adjustment phase.
Nevertheless, SHIB still maintains a strong upward trend on the daily chart. The 50-day moving average currently stands at $0.00002357, providing support for the bullish momentum. If the price can successfully break through the key resistance level of $0.000030, SHIB is expected to continue rising.
Market Outlook: The success of Shibarium may drive SHIB's price further up
The price trend of SHIB is closely related to the ongoing success of Shibarium. As Shibarium continues to break new milestones, the appeal of SHIB is expected to further strengthen. Any positive developments regarding Shibarium, such as an increase in TVL or new partnerships, could drive market sentiment and bring new upward momentum for SHIB.
In summary, the continuous development of Shibarium, particularly in terms of trading volume and TVL growth, showcases its potential as a vital part of the Shiba Inu network. In the future, whether SHIB's price can maintain the current upward trend will depend on the further growth of the Shibarium ecosystem and the market's ongoing attention to the project.
