Shibarium Reaches New Milestone As Scheduled Hard Fork Approaches
Shibarium, the layer-2 scalability solution within the Shiba Inu (SHIB) ecosystem, has achieved a new all-time high (ATH) in Total Value Locked (TVL), reaching $10.22 million, ahead of a scheduled hard fork set for early this week.
Substantial Growth
This milestone highlights the growing strength of Shiba Inu and its network, driven by increased user engagement and active participation in decentralized finance (DeFi). Key contributors to this surge in TVL include K9 Finance DAO, with $4.35 million, ShibaSwap at $3.94 million, WoofSwap at $1.15 million, and ChewySwap with $609,829. These platforms have all seen substantial growth in TVL over the past month.
Rapid Expansion
Shibarium is expanding rapidly, with the number of accounts rising to 203,266 (a 12.92% increase), total transactions reaching 587.749 million (up 30.21%), and the number of deployed smart contracts growing to 23,008.
Additionally, verified contracts have risen by 11.03%, to 4,522. The upcoming hard fork is expected to further enhance the overall scalability and transaction throughput of Shibarium, continuing its upward trajectory in the blockchain space.
Top News
32 months ago
32 months ago
32 months ago
32 months ago
32 months ago
32 months ago
33 months ago
33 months ago
33 months ago
33 months ago
33 months ago
33 months ago
33 months ago
33 months ago
33 months ago
33 months ago
33 months ago
33 months ago
33 months ago
33 months ago
33 months ago
33 months ago
33 months ago
34 months ago
34 months ago
34 months ago
More From The News
Press Releases
Payments
New Payment Limit For Crypto Wallets Scrapped
The recent Anti-Money Laundering re... Read more
Bitcoin
Bitcoin Undergoes Price Correction As International Economies
A significant portion of the crypto... Read more
Join Our Newsletter
Get the latest trends and updates on our crypto community.