{"id":549556,"date":"2023-08-31T11:00:00","date_gmt":"2023-08-31T11:00:00","guid":{"rendered":"https:\/\/wncen.com\/?p=549556"},"modified":"2024-06-11T07:51:30","modified_gmt":"2024-06-11T07:51:30","slug":"shibarium-growing-rapidly","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/shiba-inu-coin\/shibarium-growing-rapidly\/","title":{"rendered":"This Metric Indicates Shibarium Is Growing Rapidly Following Its Public Launch"},"content":{"rendered":"

Shibarium has only been live for a few days but is already showing early signs of success. The Ethereum layer-2 scaling solution, which hopes to provide lower gas fees and faster transaction times for the Shiba Inu community, has seen some impressive growth numbers in terms of Total Value Locked (TVL).\u00a0<\/span><\/p>\n

TVL Crosses $1.4 Million<\/h2>\n

Since Shibarium launched its mainnet, the total value deposited in the network has skyrocketed. The TVL recently crossed $1.4 million, indicating strong interest in the new chain.\u00a0<\/span><\/p>\n

Related Reading: Shiba Inu Community Celebrates New Milestone One Day After Shibarium Goes Public<\/a><\/div>\n

Data from DeFi TVL aggregator <\/span>DeFiLlama shows<\/span> that the total TVL in Shibarium has grown to $1.42 million in the past two days. While this amount is small when compared to the total DeFi TVL of $38.731 billion, the rapid growth demonstrates the potential that Shibarium possesses.\u00a0<\/span><\/p>\n

A look through DeFiLlama shows that Shibarium currently has seven protocols. The DEX DogSwap with a TVL of $794,582 accounts for most of the total TVL. Other protocols on the chain are MARSWAP, Woof Finance, WoofSwap, Shibex, LeetSwap, BoneDex, and yield farm ChocoInu.<\/span><\/p>\n

\"Shibarium<\/p>\n

TVL rises above $1.4 million | Source: DeFiLlama<\/a><\/pre>\n
Shibarium\u2019s growth piggybacks on the vast community Shiba Inu has gathered in the past few years. But the network did witness some hiccups before its launch, as PeckShield reported that a total of $1.7 million was stuck on the bridge.\u00a0<\/span><\/p>\n
Just hours after its launch, the network <\/span>witnessed a flurry of user traffic<\/span><\/a>, causing it to be temporarily shut down. However, this has been resolved as Shibarium developer Kaal Dhairya explained this was a fail-safe to ensure the safety of the funds.<\/span><\/p>\n
As of the time of writing, block explorer <\/span>Shibariumscan <\/span><\/a>shows that there have been a total of 599,554 transactions from 444,134 wallets averaging a daily transaction count of 68,402.\u00a0<\/span><\/p>\n
Will Shibarium Translate To A Higher Price For SHIB?<\/h2>\n
SHIB’s price has always reacted positively to Shibarium developments. Prior to its launch, the Shiba Inu ecosystem <\/span>witnessed massive withdrawals<\/span><\/a> from exchanges as many investors opted for self-custody in hopes of what the Shibarium launch might bring. SHIB also saw a jump in price after lead developer Shytoshi Kusama teased Shibarium’s launch on a <\/span>social media post<\/span><\/a>.\u00a0<\/span><\/p>\n
Related Reading: GBTC Shares See Volumes Climb To 2-Year High Amid Grayscale\u2019s Victory Lap<\/a><\/div>\n
It would appear, however, that the launch of Shibarium hasn’t really translated into a price spike for SHIB. At the time of writing, the token is trading at $0.000008178 and is down by 1.28% and 1.73% in the past 24 hours and seven days respectively.\u00a0<\/span><\/p>\n
With the recent slump in crypto markets, Shibarium\u2019s early success is a bright spot. This early success of Shibarium could potentially boost the price of Shiba Inu. As investors see the rapid growth in total value locked (TVL) on Shibarium, interest in the supporting SHIB token may increase.<\/span><\/p>\n
\"Shiba<\/p>\n
SHIB price holding steady above $0.000008 | Source: SHIBUSD on Tradingview.com<\/a><\/pre>\n
Featured image from, Analytics Insight chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Shibarium has only been live for a few days but is already showing early signs of success. The Ethereum layer-2 scaling solution, which hopes to provide lower gas fees and faster transaction times for the Shiba Inu community, has seen some impressive growth numbers in terms of Total Value Locked (TVL).\u00a0 TVL Crosses $1.4 Million Since Shibarium launched its mainnet, the total value deposited in the network has skyrocketed. The TVL recently crossed $1.4 million, indicating strong interest in the new chain.\u00a0 Related Reading: Shiba Inu Community Celebrates New Milestone One Day After Shibarium Goes Public Data from DeFi TVL aggregator DeFiLlama shows that the total TVL in Shibarium has grown to $1.42 million in the past two days. While this amount is small when compared to the total DeFi TVL of $38.731 billion, the rapid growth demonstrates the potential that Shibarium possesses.\u00a0 A look through DeFiLlama shows that Shibarium currently has seven protocols. The DEX DogSwap with a TVL of $794,582 accounts for most of the total TVL. Other protocols on the chain are MARSWAP, Woof Finance, WoofSwap, Shibex, LeetSwap, BoneDex, and yield farm ChocoInu. TVL rises above $1.4 million | Source: DeFiLlama Shibarium\u2019s growth piggybacks on the vast community Shiba Inu has gathered in the past few years. But the network did witness some hiccups before its launch, as PeckShield reported that a total of $1.7 million was stuck on the bridge.\u00a0 Just hours after its launch, the network witnessed a flurry of user traffic, causing it to be temporarily shut down. However, this has been resolved as Shibarium developer Kaal Dhairya explained this was a fail-safe to ensure the safety of the funds. As of the time of writing, block explorer Shibariumscan shows that there have been a total of 599,554 transactions from 444,134 wallets averaging a daily transaction count of 68,402.\u00a0 Will Shibarium Translate To A Higher Price For SHIB? SHIB’s price has always reacted positively to Shibarium developments. Prior to its launch, the Shiba Inu ecosystem witnessed massive withdrawals from exchanges as many investors opted for self-custody in hopes of what the Shibarium launch might bring. SHIB also saw a jump in price after lead developer Shytoshi Kusama teased Shibarium’s launch on a social media post.\u00a0 Related Reading: GBTC Shares See Volumes Climb To 2-Year High Amid Grayscale\u2019s Victory Lap It would appear, however, that the launch of Shibarium hasn’t really translated into a price spike for SHIB. At the time of writing, the token is trading at $0.000008178 and is down by 1.28% and 1.73% in the past 24 hours and seven days respectively.\u00a0 With the recent slump in crypto markets, Shibarium\u2019s early success is a bright spot. This early success of Shibarium could potentially boost the price of Shiba Inu. As investors see the rapid growth in total value locked (TVL) on Shibarium, interest in the supporting SHIB token may increase. SHIB price holding steady above $0.000008 | Source: SHIBUSD on Tradingview.com Featured image from, Analytics Insight chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":549564,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[92559],"tags":[54512,83668,83667,87680,89156,89267,89179,89268],"class_list":["post-549556","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-shiba-inu-coin","tag-defi","tag-shib","tag-shiba-inu","tag-shibarium","tag-shibarium-launch","tag-shibarium-network","tag-shibarium-news","tag-shibarium-tvl"],"acf":[],"yoast_head":"\nThis Metric Indicates Shibarium Is Growing Rapidly Following Its Public Launch<\/title>\n<meta name=\"description\" content=\"Since Shibarium launched its mainnet, the total value deposited in the network crossed 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"This Metric Indicates Shibarium Is Growing Rapidly Following Its Public Launch","url":"http:\/\/wncen.com\/news\/shiba-inu-coin\/shibarium-growing-rapidly\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/shiba-inu-coin\/shibarium-growing-rapidly\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/Shiba-Inu-Shibarium-TVL.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/Shiba-Inu-Shibarium-TVL.jpeg?fit=900%2C500"},"articleSection":"Shiba Inu Coin","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["defi","shib","shiba inu","shibarium","shibarium launch","shibarium network","shibarium news","shibarium tvl"],"dateCreated":"2023-08-31T11:00:00Z","datePublished":"2023-08-31T11:00:00Z","dateModified":"2024-06-11T07:51:30Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"This Metric Indicates Shibarium Is Growing Rapidly Following Its Public Launch\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/shiba-inu-coin\\\/shibarium-growing-rapidly\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/shiba-inu-coin\\\/shibarium-growing-rapidly\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/08\\\/Shiba-Inu-Shibarium-TVL.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/08\\\/Shiba-Inu-Shibarium-TVL.jpeg?fit=900%2C500\"},\"articleSection\":\"Shiba Inu Coin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"defi\",\"shib\",\"shiba inu\",\"shibarium\",\"shibarium launch\",\"shibarium network\",\"shibarium news\",\"shibarium tvl\"],\"dateCreated\":\"2023-08-31T11:00:00Z\",\"datePublished\":\"2023-08-31T11:00:00Z\",\"dateModified\":\"2024-06-11T07:51:30Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/Shiba-Inu-Shibarium-TVL.jpeg?fit=900%2C500","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/549556"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=549556"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/549556\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/549564"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=549556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=549556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=549556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}