Shiba Inu’s Shibarium Sees Surge in Transactions and TVL
Shiba Inu’s Layer 2 network, Shibarium, has been making waves in the crypto world with a significant increase in total transactions. Recent on-chain data shows that the network is nearing 400 million transactions, attracting the attention of traders and investors. The Shiba Inu community has also announced several upgrades for Shibarium, further fueling the excitement.
Shibarium’s Total Transactions Approach 400 Million
According to DeFiLlama’s data, Shibarium is getting closer to reaching $1 million in Total Value Locked (TVL). This positive development aligns with the Shiba Inu community’s plans to enhance the token’s ecosystem through the upcoming launch of SHEboshi, Shiboshi utility, and KNINE.
In addition, CoinW recently listed SHEboshi, marking its first exchange listing. Currently, Shibarium’s TVL stands at $970.463, with total transactions reaching 374.03 million and a daily transaction volume of $2.78 million.
The Shiba Inu community is highly enthusiastic about the upcoming investment options of KNINE and SHEB. The recent listing on CoinW has boosted optimism, as the community anticipates more exchange listings for Sheboshi.
SHEboshi Makes Debut on CoinW
SHEboshi, a unique DN404 token that combines features from both ERC-20 and ERC-721 standards on the Ethereum network, achieved a significant milestone by securing its first exchange listing within 24 hours after its complete sale. Shiba Inu’s official X account announced this achievement on February 23.
CoinW, a crypto platform based in Dubai, was the first to list SHEboshi on February 23 at 13:00 (UTC). The token is available for trading under the SHEB/USDT trading pair within CoinW’s MEME & NFT arena. Although trading for SHEB started immediately, deposits and withdrawals were temporarily suspended until February 24, 06:00 a.m. UTC.
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