Shiba Inu’s Shibarium protocol celebrated its one-week anniversary by accomplishing a stunning milestone, which was a spectacular turn of events. The protocol has drawn millions of users and millions of money in just seven days since its inception.
The total value locked (TVL) within the Shiba Inu network presently stands at an astonishing $1.05 million, according to statistics from DefiLlama. This number, which represents the amount of money invested in various initiatives on Shibarium, was formerly significantly greater. Shibarium’s TVL shot up to an astounding $1.47 million in the first week after its reintroduction, according to U.Today.
Another astounding figure is the number of users on the Shibarium network, which, according to Shibariumscan, has already crossed the 1.01 million level. The number of addresses tripled in only a few days during the preceding week, which is nothing short of an astonishing growth rate.
In addition to these remarkable figures, Shibarium is close to reaching a further important milestone. As of this writing, the network has processed an astounding 959,029 transactions during the last seven days. Reaching the one-million transaction threshold is not only a matter of days, but perhaps even a matter of hours, if this rate of activity continues.
These first-week findings from Shibarium’s relaunch show the regimen is off to a solid start. The SHIB community is anxiously awaiting new advancements and milestones as we enter the second week.
