Shiba Inu’s Sheboshi non-fungible token (NFT) launch has sparked excitement within its community, leading to a surge in market activity.
Influencer Lucie announced on X (formerly Twitter) that the project aims to innovate and grow the ecosystem. Moreover, the Shiba Inu’s development team is pushing the project beyond its meme coin image by introducing practical applications, such as the Shibarium Layer 2 network and the SHIB Identity blockchain initiative.
In addition, the Shibarium network’s transactions surged to 3.95 million, stabilizing at 2.78 million. This highlights increased crypto market engagement.
On top of that, the total value locked (TVL) in Shibarium reached a milestone of $1 million, adjusted to $962,576, with the majority managed by MARSWAP DEX.
Despite a recent uptick, the TVL has yet to surpass its previous peak of $1.47 million. This signals ongoing growth and mainstream acceptance of the Shibarium network.
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