The post Shibarium Total Value Locked Surpasses 7M appeared on BitcoinEthereumNews.com.

Shiba Inu’s Layer-2 blockchain Shibarium records another incredible milestone as the network’s Total Value Locked (TVL) hits a new all-time high (ATH) record.  Shiba Inu’s marketing lead, Lucie, highlighted the development in an X post yesterday. According to the marketing specialist, Shibarum’s TVL has reached a new all-time high of $7.03 million.  She emphasized that the L2 blockchain’s TVL is constantly hitting new all-time highs on a daily basis. The feat indicates that investors are committing significant funds to Shibarium-based decentralized finance applications (dApps). This reflects growing confidence and activity within the L2 network.  Shibarium TVL has surged to $7.03M and climbing fast! New all-time highs seem to be a daily occurrence now.$knBONE $BONE pic.twitter.com/wAvWf7KDxs — 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) September 27, 2024 Top 3 DeFi Protocols on Shibarium  The marketing lead called attention to data showing the top three DeFi protocols on Shibarium, which contributed to boosting the network’s TVL to an ATH of $7.03 million. The list features K9 Finance’s Bonecrusher, ShibaSwap, and WoofSwap.  According to the data, Bonecrusher boasts a TVL of $3.12 million, while ShibaSwap and WoofSwap have TVL figures of $2.46 million and $848,546, respectively. These three protocols account for 91.43% of the $7.03 million total value locked on Shibarium.  TOP 3 SHIBARIUM PROTOCOLS This week’s top performers on Shibarium by TVL: 1.@k9finance2.@shibaswapdex3.@woofswap Shibarium TVL is now at $7.03M and rising fast, with new ATHs happening almost daily. pic.twitter.com/72egoEpuhz — SpecialK  (@SpecialShib) September 27, 2024 What’s Fueling Shibarium TVL  The remarkable surge in Shibarium’s TVL started over the past week following the launch of K9 Finance’s Bonecrusher dApp. This protocol introduced a liquid staking solution to Shibarium, allowing users to earn massive rewards from their staked assets.  Following its launch, Shibarium’s TVL surged to $3.64 million in one week and has continued to spike ever since.…

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Filed under: News - @ September 28, 2024 8:27 am