Shibarium, a Layer-2 blockchain associated with Shiba Inu, celebrates its second anniversary. Data from DeFiLlama and ShibariumScan demonstrate steady growth in decentralized applications and strong community engagement.
DeFi Projects Lead Activity on Shibarium
Over its two years of existence, Shibarium has built an ecosystem of decentralized applications that actively drive network activity. According to DeFiLlama, ShibaSwap remains the largest project on Shibarium with approximately $1.12 million in total value locked (TVL). WoofSwap follows with TVL of $354,623, while ChewySwap ranks third with $191,539. DogSwap, Marswap, Shibex, and PunkSwap also featured among the top applications, although with smaller amounts.
Shibarium in Numbers
Data from ShibariumScan highlighted the scale of activity that the network has recorded in its first two years. At the time of reporting, more than 1.53 billion transactions had been processed on the chain. Notably, over 12.5 million blocks had been produced, with an average block time of 5 seconds. Daily transactions stood at around 4.75 million, while network utilization was measured at 50.50%. The chain had also reached more than 267 million wallet addresses, suggesting broad use and distribution.
DeFi Outlook for Shibarium
The anniversary also coincided with fresh analysis of Shiba Inu’s price action, which is closely connected to the chain. Chart patterns showed the formation of an inverse head and shoulders, often seen as a reversal signal. A breakthrough at around $0.00001306 could push SHIB prices higher. Resistance was identified at $0.00001397 and $0.00001600, while support remained at $0.00001252.
Overall, Shibarium has demonstrated consistent growth and high activity over two years, highlighting its value as a functioning Layer-2 protocol with real usage and community support.
