Gushiken Yona
Shibarium has broken its previous record for Total Value Locked (TVL) again, reaching an all-time high of $8.71 million.
Within just 24 hours, Shibarium’s TVL experienced a remarkable 6.9% jump, culminating in this November 2024 all-time high, according to data from DeFiLlama. This growth underscored the rising demand for decentralized applications and liquidity pools on Shiba Inu’s layer-2 scalability network, signaling the network’s expanding DeFi capabilities. The data clearly highlighted a trend: Shibarium TVL growth continues to impress investors and users.
Shibarium TVL Growth Trends: Breaking New Records in November 2024
Shibarium’s TVL all-time high in November 2024 underscored a trend of continued growth, fueled by strong demand for decentralized applications (dApps) and liquidity pools. Key projects built on Shibarium, including ShibaSwap, WoofSwap, and K9 Finance DAO, have contributed significantly to this surge.
- K9 Finance DAO, a liquid staking platform on Shibarium, now holds $3.78 million in TVL, boasting a 31.92% growth over the past month.
- ShibaSwap, the ecosystem’s flagship decentralized exchange (DEX) on Shibarium, also saw substantial growth, reaching $3.29 million in TVL, a 48.73% increase.
- Other DEXs like WoofSwap and ChewySwap experienced notable growth as well, with TVL increases of 43.96% and 47.86%, respectively.
As these platforms gain traction, Shibarium continues to attract new users, with total addresses now nearing 2 million and transaction volumes surging.
Beyond TVL: Shibarium Explosive Activity Metrics Growth
Beyond the impressive TVL figures, Shibarium has demonstrated remarkable growth across various activity metrics between November 1 and November 28, 2024. The number of active accounts increased by 13.6%, rising from 177,479 to 201,622, signaling growing user engagement within the ecosystem and a strong interest in creating accounts on Shibarium.
Even more astonishing is the 10,363.6% increase in transactions, surging from 5.45 million to over 569.93 million during the same period. This explosion in activity highlights Shibarium’s growing adoption as a high-utility Layer 2 solution and the increasing demand for fast and cheap transactions on Shibarium. This data points to a significant trend: Shibarium transaction volume is skyrocketing.
As of 4:51 a.m. ET on Thursday, latest data from Shibariumscan, the platform now boasts:
- 1.991 million total addresses
- 569.93 million total transactions
- 8.115 million total blocks
- 22,961 total contracts
- 4,498 verified contracts
These metrics paint a picture of a rapidly expanding ecosystem, showcasing the platform’s capacity to support diverse DeFi projects and drive utility for native tokens like SHIB, BONE, and LEASH. The numbers confirm that Shibarium’s ecosystem is rapidly expanding.
Read More
- Shiba Inu Could Explode to $0.00003255 If Breakout Happens – Analyst
- Shytoshi Kusama Offers Shocking Response to a Burning Shiba Inu Question
- Shiba Inu Blasts Past Major Cryptos with Stunning 150% Year-to-Date Gain
Yona has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Daily is an official media and publication of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
