Shibarium DEX Trading Volume Drops by 97%, TVL at $100,000
Prefer us on GoogleThe trading volume of Shibarium's decentralized exchange (DEX) has decreased by 97.46% in just one week. The total value locked (TVL) stands at $101,330, indicating very low DeFi activity. As of the 15th, Shibarium's 24-hour DEX trading volume was $0.10, with a 7-day trading volume of $0.33. The weekly change rate is -97.46%, reflecting a situation where trading is nearly non-existent. Within Shibarium, liquidity is highest on WoofSwap at $85,086.99, followed by ShibaSwap at $6,885.98, Shibex at $4,258.18, and DogSwap at $3,803.53. Shibarium is introduced as a layer-2 network aimed at reducing transaction costs within the Shiba Inu ecosystem. The weakness in on-chain metrics and the price movements of Shiba Inu are not directly correlated; as of the 15th, the price of Shiba Inu showed a 24-hour change of +2.1% and a 7-day change of +2.3%. Reactions on social media are mixed, with criticisms of low DEX activity and an emphasis on the need for ecosystem development. Currently, Shibarium's metrics reveal a gap between ecosystem expectations and actual DeFi usage.
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