Shibarium TVL falls to $46,453 against SHIB's $3 billion market cap
- —Shibarium TVL is $46,453, or 0.0016% of SHIB's market cap
- —The chain processed 676 transactions on October 22, averaging 2,006 a day over the month
- —ShibaSwap V1 is the largest protocol with $22,662, nearly half of total TVL
- —BONE, the gas token, trades at $0.055 with $280,743 in daily volume
Why it matters: Weak Shibarium activity limits SHIB burns funded by network fees, undermining a key argument for token holders.
Source: CryptoTicker