base-pidgin

Shibarium's Total Value Locked (TVL) has reached a record $4.72 million, reflecting growing adoption in the ecosystem. This surge, combined with an increase in Shiba Inu's burn rate, may positively impact SHIB's price.

Key Statistics:

1. Shibarium TVL: $4.72 million (all-time high)
2. Shiba Inu burn rate: Over 1 billion tokens burned in the past month
3. SHIB price: $0.00002726 (up 7% in 24 hours)

Analysis:

The surge in Shibarium's TVL is driven by:

1. Growing adoption in the ecosystem
2. Increasing transaction volumes
3. Rising active accounts (up 427% to 12,041)

The impact of Shiba Inu's burn rate on SHIB's price remains limited without substantial demand-side catalysts. However, the burn mechanism's incremental growth is a positive sign.

Predictions:

1. Short-term: Consolidation or breakout above $0.00003500
2. Long-term: Sustained growth in Shibarium's TVL and Shiba Inu's burn rate
3. Market sentiment: Cautiously optimistic