Shibarium, the layer-2 network of Shiba Inu, experienced a sharp 95% decline in decentralized exchange (DEX) volume, falling to only $72 this week. This drop highlights a significant slowdown in DeFi activity on the network, with most decentralized exchanges like WoofSwap and DogSwap reporting zero trading activity. Only ShibaSwap contributed modest volume, indicating cautious investor behavior following Shiba Inu's recent price surge. The decline suggests traders are hesitant to engage on Shibarium despite Shiba Inu's earlier rally.
Shiba Inu's value held on centralized exchanges is nearing $400 million and may drop below this threshold if the price continues to fall. This decline is driven mainly by SHIB's price depreciation rather than a reduction in the number of tokens on ex...
Analyst David Gokhshtein highlighted that strong performance by Dogecoin (DOGE) and Shiba Inu (SHIB) could positively influence the broader memecoin ecosystem, helping legitimate projects gain traction. Despite mixed price movements, with SHIB gainin...
Shiba Inu (SHIB) saw a 78% surge in transactions on its Shibarium Layer-2 network, signaling growing user engagement despite broader market volatility. However, SHIB's price fell over 8% in 24 hours and remains down about 2% for the week, reflecting ...
Shiba Inu (SHIB) fell 11% after a strong rally, with traders now focusing on a critical support level around $0.00000500. This price zone, marked by thin liquidity, could act as a magnet where buying interest might stabilize the coin and prevent furt...
Shiba Inu (SHIB) surged 37% in just two days, driven by increased retail interest and whale activity. However, the strongest buying came after the main price gains, indicating profit-taking by larger holders. Futures traders reduced leverage, and exc...
