Shibarium, the layer-2 protocol associated with Shiba Inu (SHIB), has reached a total value locked (TVL) of $8.57 million, signaling increased adoption and user engagement. The TVL is dominated by Shiba activities, followed by WoofSwap and ChewySwap. The surge in active wallet addresses indicates growing engagement within the Shiba Inu community. The decline in TVL from $8.57 million to $4.58 million is attributed to a decline in the price of SHIB. Currently, SHIB has dropped in price and market volume has decreased as Shiba Inu struggles to regain investor interest.



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