Shibarium, the layer two scaling network for Shiba Inu, has experienced significant growth in its Total Value Locked (TVL) just one week after the launch of the Bonecrusher. The TVL has reached $3.64 million, indicating strong community participation and ongoing interest. Users are engaging more deeply with Shibarium's staking and liquidity features, with 93.7 billion KNINE tokens bridged to the platform since the launch. Additionally, 77.8 billion KNINE tokens are currently locked or staked, showcasing long-term engagement. The integration of the liquid staking derivative (LSD) with K9 Finance has contributed to the TVL growth, providing enhanced flexibility and reward potential for users who stake BONE tokens. This increase in TVL and transaction volume could lead to a higher burn rate for SHIB tokens.



Other News from Today