DeFi Boom Lifts Shibarium TVL to New Highs

A quiet DeFi resurgence is rippling, lifting Shibarium TVL, with the total value locked on Shiba Inu’s Layer-2 network climbing past $4.5 million this week. That’s not just a number but a signal. Fresh capital is flowing in and confidence is building around the ecosystem’s decentralized finance offerings.

Compared to where it stood just a month ago, this growth marks a meaningful shift. Shibarium, built to deliver faster, cheaper transactions for the Shiba Inu community, is now showing signs of traction in its DeFi layer. In the past 24 hours alone, data from DeFillama revealed Shibarium TVL saw a 1.30% uptick, pushing it to new monthly highs.

For those unfamiliar, “Total Value Locked” (TVL) is a key metric in DeFi — the amount of crypto assets users have committed to protocols like DEXs, lending platforms, and staking services. A rising TVL often reflects growing trust, active use, and a broader base of committed users.

Shibarium TVL: A 30-Day Climb Worth Watching

To understand the pace of this rise, it helps to rewind the clock. Back on April 29, Shibarium TVL hovered around $3.94 million. By Thursday, it had gained $560,000, a 14.2% increase in just one month.

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Sure, daily gains like 1–2% may seem incremental. But zooming out reveals a different story — one of steady adoption. It’s not just speculative blips but users actively locking funds and engaging with protocols. That kind of sustained growth is often a better sign of a healthy DeFi ecosystem than sudden spikes.

More than a few wallets are sticking around. And they’re putting their crypto to work.

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What’s Driving the Growth?

Driving this momentum are several standout platforms. They are behind the uptick in Shibarium TVL, and they’re beginning to define the landscape.

• K9 Finance DAO — A liquid staking protocol running across two chains — continues to lead with $2 million in TVL, up 2.65% daily and a striking 27.54% over the last 30 days. It’s clear that demand for liquid staking — where users can earn rewards without losing access to their funds — remains strong.
• ShibaSwap, the native DEX of the Shiba Inu ecosystem and also available on two chains, holds $1.43 million, up 1.62% daily and 6.02% over the past month.
• WoofSwap, operating solely on Shibarium, now commands nearly $695k, with 1.89% daily growth and a 1.25% monthly uptick — modest but steady.
• ChewySwap, another two-chain DEX, clocks in at $299,130, up 1.23% daily, with an 11.49% monthly gain — and 2.57% over the last 30 days, depending on the calculation basis.

This multi-protocol push — from liquid staking to multiple decentralized exchanges — reflects growing depth in the network. It’s not just one platform driving TVL; it’s a layered set of contributors, each gaining traction in its own niche.

The rise in Shibarium TVL isn’t explosive. But that might be its strength. This is the kind of slow, layered growth that suggests users aren’t just testing the waters — they’re starting to wade in.

And in DeFi, that makes all the difference.

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YONA GUSHIKEN

Yona brings a decade of experience covering gaming, tech, and blockchain news. As one of the few women in crypto journalism, her mission is to demystify complex technical subjects for a wider audience. Her work blends professional insight with engaging narratives, aiming to educate and entertain.

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Yona has no crypto positions and holds no crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Daily is the official 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.

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