Shibarium, the layer 2 blockchain solution launched by Shiba Inu, is making headlines with its price surge and new all-time high in Total Value Locked (TVL).

Shibarium Reaches New TVL ATH

The recent launch of the k9finance liquid staking platform has boosted activity within the Shiba Inu ecosystem. Following the launch, Shibarium's TVL reached a new peak, demonstrating the growing popularity of Shiba Inu-based DeFi projects.

Shiba Inu Price Rises by 4% in 24 Hours

Developments in the platform have led to a price increase in Shiba Inu. According to CoinMarketCap, SHIB's current price increased by 4.45% to $0.00001879, with a 26.05% rise in trading volume. Shiba Inu's market cap reached $11.07 billion, with a circulating supply of 589.27 trillion SHIB.

Technical Analysis and Forecast

From a technical perspective, Shiba Inu's price action indicates potential for further gains, supported by a rising support line. The Awesome Oscillator shows green bars, suggesting positive momentum is building. Breaking through resistance levels might signal the start of a significant price rally.

Shibarium and Shiba Inu show strong growth in the DeFi space. The launch of new projects stimulates the ecosystem's development.