Update
Shibarium TVL Plunges 99%
Shiba Inu's layer-2 network Shibarium has experienced a significant drop in total value locked (TVL), plummeting 99% from its late-2024 peak. This decline raises concerns about long-term demand and the network's ability to support broader ecosystem growth. The incident, which occurred in September, also disrupted staking activity and contributed to a loss of capital.