{"id":20303,"date":"2024-10-04T04:42:12","date_gmt":"2024-10-04T04:42:12","guid":{"rendered":"https:\/\/www.bitrabo.com\/discover\/?p=20303"},"modified":"2024-10-04T04:42:12","modified_gmt":"2024-10-04T04:42:12","slug":"shiba-inus-shibarium-achieves-significant-growth-in-total-value-locked-and-network-expansion","status":"publish","type":"post","link":"https:\/\/www.bitrabo.com\/discover\/shiba-inus-shibarium-achieves-significant-growth-in-total-value-locked-and-network-expansion\/","title":{"rendered":"Shiba Inu’s Shibarium Achieves Significant Growth in Total Value Locked and Network Expansion"},"content":{"rendered":"\n

Shibarium, the layer-2 infrastructure connected to Shiba Inu, has reached an impressive milestone in its total value locked (TVL), surpassing $7 million. As of October 1, the TVL stood at $7.06 million, as reported by DeFiLlama.<\/p>\n

<\/span>Growing Popularity of Shiba Inu<\/span><\/h2>\n

The Shiba Inu team highlighted this achievement, stating, \u201cThis milestone in just one year showcases the strong engagement and confidence in Shibarium’s features,\u201d in the latest issue<\/a> of the SHIB Magazine. The network has executed over 7 million blocks and around 418 million transactions, involving nearly 1.8 million unique wallet addresses.<\/p>\n

These figures reflect a vibrant and active network, indicating growing utility and adoption within the decentralized finance (DeFi) sector. On September 22, Shibarium’s TVL was merely $1.23 million, but it skyrocketed to a peak of $7.19 million by September 29, according to DeFiLlama’s latest data.<\/p>\n

<\/p>\n

K9 Finance DAO leads the TVL growth, contributing $3.21 million, which represents a 3.8% rise in just 24 hours. This platform highlights the increasing trend of liquid staking, allowing users to earn staking rewards while keeping their assets liquid.<\/p>\n

Additionally, ShibaSwap, the primary decentralized exchange (DEX) in the Shiba Inu ecosystem, now holds $2.48 million in TVL, reflecting a 2.74% increase from the previous day. Other smaller exchanges such as WoofSwap and ChewySwap contribute $809,801 and $433,984 to the TVL, respectively, while Marswap ranks fourth among DEXs with about $50,000 in TVL.<\/p>\n

The steady growth of Shibarium signifies more than just numbers; it enhances the Shiba Inu ecosystem fundamentally. \u201cThe rising TVL of Shibarium is a clear sign of the platform’s increasing utility and adoption. By offering a more efficient, cost-effective, and scalable framework for Shiba Inu transactions, Shibarium is building a stronger and more dynamic ecosystem, which in turn boosts the value and utility of the Shiba Inu token,\u201d concluded the Shiba Inu team.<\/p>\n

<\/span>Advancements in SHIB Eternity<\/span><\/h2>\n

In other developments, the Shiba Eternity web3 beta has officially launched for all Shiboshi, Sheboshi, and Shiba Eternity NFT holders, as noted in a post<\/a> by marketing lead Lucie. \u201cFollowing intense development, testing, and community input, we are excited to invite our loyal holders to explore the updated Shiba Eternity,\u201d said Lucie.<\/p>\n

The beta version features a completely revamped game with enhancements in visuals, gameplay mechanics, and overall user experience. Improvements include fixes for persistent game freezes and bugs, resulting in a smoother gaming experience. There’s also a force update feature to ensure players use the latest version for consistent gameplay.<\/p>\n

October is set to bring competitive tournaments with crypto rewards and a new in-game shop featuring exclusive Shiba-themed items. \u201cWe’ve made these updates based on community feedback, showing our dedication to continuously evolving Shiba Eternity alongside its players,\u201d Lucie added.<\/p>\n

As of the latest updates, SHIB is trading at $0.00001604.<\/p>\n

\"Shiba<\/p>\n","protected":false},"excerpt":{"rendered":"

Shibarium, the layer-2 infrastructure connected to Shiba Inu, has reached an impressive milestone in its total value locked (TVL), surpassing $7 million. As of October 1, the TVL stood at $7.06 million, as reported by DeFiLlama. Growing Popularity of Shiba Inu The Shiba Inu team highlighted this achievement, stating, \u201cThis milestone in just one year […]<\/p>\n","protected":false},"author":1,"featured_media":20304,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Shiba Inu's Shibarium Achieves Significant Growth in Total Value Locked and Network Expansion - Bitrabo","description":"Shibarium, the layer-2 infrastructure connected to Shiba Inu, has reached an impressive milestone in its total value locked (TVL), surpassing $7 million. As of"},"footnotes":""},"categories":[316],"tags":[3472,837,585,626,5676,1302,476,8076,584,3358,2399,2597],"class_list":["post-20303","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-growth","tag-hits","tag-inu","tag-major","tag-major-milestone","tag-milestone","tag-network","tag-network-growth","tag-shiba","tag-shiba-inu","tag-shibarium","tag-tvl"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/20303","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=20303"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/20303\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/20304"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=20303"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=20303"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=20303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}