Shiba Inu (SHIB) is focusing on its Decentralized Finance (DeFi) ecosystem, specifically its Shibarium project, to compete with other layer-2 scaling solutions. Shibarium has recently shown signs of growth, with a total value locked (TVL) of $4.37 million, surpassing its previous all-time high. The dominance of retail investors is evident in the Shibarium DeFi world. The largest DApp is ShibaSwap, followed by the newly launched K9 Finance DAO. This growth suggests that Shibarium could become a dominant L2 scaling solution in the future. Despite recent price drops, SHIB's utility is expected to continue growing, impacting its long-term price. The focus now is on rebalancing the token and improving metrics like the burn rate.



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