The meme-inspired cryptocurrency Shiba Inu (SHIB) continues to thrive in the current bull market. Beyond its 17% price surge this month, its layer-2 blockchain, Shibarium, has achieved a historic milestone just five days into December.
Shibarium’s Record-Breaking Growth
Total Value Locked (TVL) Soars
Shibarium recently surpassed $10.47 million in Total Value Locked (TVL)**, marking an **851% increase** since late September when its TVL stood at just **$1.23 million. The acceleration began on November 4, when its core metrics surged 80.8% in just one month.
On-Chain Activity Surges
- Accounts: Grew by 13.27% to 208,530 in one month.
- Transactions: Increased by 29.79%, reaching 603.74 million.
👉 Discover how Shibarium's growth compares to other leading blockchains
Dominant Apps on Shibarium
ShibaSwap leads with $4.02 million in TVL, experiencing 94.1% growth in the past month. This makes it one of the fastest-growing applications on Shibarium, according to DeFiLlama.
Market Position & Future Potential
- Rank: Currently the 105th largest blockchain, indicating significant room for expansion.
- SHIB’s Market Cap: At $18.49 billion, SHIB ranks as the 12th largest cryptocurrency, signaling strong ecosystem potential.
👉 Explore the latest trends in decentralized finance
FAQs
What is Shibarium?
Shibarium is a layer-2 blockchain designed for the Shiba Inu ecosystem, enhancing scalability and reducing transaction costs.
Why is Shibarium’s TVL important?
TVL reflects the total assets locked in its smart contracts, indicating user trust and platform adoption.
How does Shibarium benefit SHIB holders?
By improving transaction efficiency and enabling new DeFi opportunities, Shibarium strengthens SHIB’s utility and long-term value.
What’s next for Shibarium?
With its rapid growth, expect more integrations, partnerships, and DeFi innovations in the coming months.
Shiba Inu’s ecosystem continues to evolve, and Shibarium’s latest achievements highlight its rising prominence in the blockchain space.