Shibarium, the layer-2 solution for Shiba Inu, has hit a new all-time high in locked value, reaching over $3.67 million.
TVL Surges to New Milestone
Shibarium’s total value locked (TVL) has skyrocketed from $1.43 million on March 22 to $3.67 million at the time of writing. This surge is attributed to the launch of the DAMN token on WoofSwap and the KNINE token, a liquid staking solution.
What’s Next for Shiba Inu?
Shibarium’s growth is driving optimism for the SHIB token. The recent milestone has led to an 8.8% rally in SHIB’s price, highlighting the strong correlation between the two.
On-chain metrics and investor sentiment suggest a continued price surge for SHIB. The token has gained 193% in the past 30 days, despite being down 37% from its monthly high.
Shiba Inu’s marketing lead, Lucie, predicts a potential 250% surge in SHIB’s price before the next Bitcoin halving in April.
