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Shibarium Witnesses 12% Surge in Total Value Locked (TVL) Amidst Ongoing Developments Shibarium, the layer-2 scaling solution for the Shiba Inu ecosystem, has recently seen a significant increase in its Total Value Locked (TVL) from $2.15 million to $2.42 million. This growth, representing a 12% increase, reflects a substantial surge in the platform's usage. Notably, the TVL had been less than $1 million at the beginning of January. The leading decentralized exchange on Shibarium, Woofswap, accounts for $1.68 million of the TVL, with other platforms such as ChewySwap, MARSWAP, DogSwap, and PunkSwap also contributing. The migration of ShibaSwap from Ethereum to Shibarium is anticipated to bring about a considerable escalation in Shibarium's TVL, which currently stands at $28.9 million. Additionally, a recent hard fork upgrade has been implemented to enhance speed, reduce costs, and stabilize gas fees in order to bolster Shibarium's performance within a competitive landscape. # Thank you Elena Silva for your submission!

Shibarium TVL Surges 12%

Shibarium TVL Surges 12%

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