Shibarium, Shiba Inu's layer-2 blockchain, has reached two major milestones: surpassing 600 million transactions and hitting a new all-time high (ATH) in Total Value Locked (TVL) at $10.4 million. This article explores the network's explosive growth, key metrics, and the DeFi protocols driving its success.
Shibarium’s Network Expansion: Key Growth Metrics
Transaction Volume and User Adoption
- Total Transactions: Jumped from 465.2 million (November 5) to 602.5 million (December 4) — a 29.5% increase in just one month.
- User Accounts: Grew by 13.3%, from 184,090 to 208,563.
- Daily Active Accounts: Surged 123.8%, from 3,358 to 7,512.
- New Accounts: An 847.5% spike in daily registrations (364 to 3,451).
Network Activity and Gas Usage
- Gas usage rose from 13.2 trillion to 18.2 trillion, reflecting heightened demand.
- Average block time: 21.274 seconds, ensuring efficient processing.
Shibarium’s TVL Hits $10.4 Million: Top DeFi Protocols Driving Growth
The network’s TVL reached a new ATH, fueled by thriving DeFi projects:
| Protocol | TVL | Monthly Growth |
|---|---|---|
| K9 Finance DAO | $4.49M | 71.68% |
| ShibaSwap | $3.97M | 92.71% |
| WoofSwap | $1.16M | 87.68% |
| ChewySwap | $610,279 | 83.15% |
👉 Explore Shibarium’s DeFi ecosystem for deeper insights into these protocols.
Shibarium’s Ecosystem at a Glance (December 2024)
- Total Blocks: 8.236 million
- Contracts Deployed: 23,067
- BONE Transfers: 1.92 million
- Unique Tokens: 12,345
- Verified Contracts: 4,558
FAQs About Shibarium’s Growth
Q1: What’s driving Shibarium’s transaction surge?
A1: Increased adoption of DeFi protocols, user onboarding, and network upgrades like the Cancun hardfork.
Q2: How does Shibarium’s TVL compare to other L2 chains?
A2: While smaller than giants like Arbitrum, its 92.71% monthly growth in ShibaSwap TVL signals rapid expansion.
Q3: What’s next for Shibarium?
A3: Expect further scalability enhancements and ecosystem partnerships to boost utility.
Why Shibarium’s Growth Matters for Shiba Inu
- Enhanced Utility: Supports Shiba Inu’s transition from a meme coin to a functional ecosystem.
- Lower Fees: Faster and cheaper transactions than Ethereum mainnet.
- Developer Activity: Over 4,500 verified contracts indicate robust innovation.
👉 Discover how to engage with Shibarium for staking, swaps, and more.
Disclaimer: This analysis is for informational purposes only. Always conduct independent research before investing.
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