Summary
TLDR: Shibarium, the Layer 2 blockchain within the Shiba Inu ecosystem, has seen a 170% surge in total value of assets locked, now standing at $3.85 million. The introduction of DAMN meme coin on Woofswap has increased excitement, with DAMN’s price on an uptrend. SHIB coin price has also surged by over 2.45% in the last 24 hours, reaching $0.00002791. However, the burn rate of SHIB tokens has dropped by 52% in the previous week.
Key Points
1. Shibarium, the Layer 2 blockchain within the Shiba Inu (SHIB) ecosystem, has reached noteworthy milestones, indicative of its growing utility and adoption.
2. On-chain data shows a remarkable surge in the total value of assets locked (TVL) on Shibarium, marking an increase of approximately 170% within the last two days. The value now stands at $3.85 million, underlining the platform’s expanding utility and user engagement.
3. Shibarium’s TVL surge can be attributed to the rollout of new features within the ecosystem, such as the recent introduction of the DAMN meme coin on the Woofswap decentralized exchange.