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 Cover image via <a href="https://u.today/">U.Today</a>
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According to&nbsp;<a href="https://defillama.com/chain/Shibarium">DefiLlama</a>, the size of total value locked in the Layer 2 solution from&nbsp;<a href="https://u.today/shiba-inu-shib-symmetrical-triangle-is-here-heres-what-might-happen">Shiba Inu</a>, Shibarium, has reached the $1.5 million mark. It is important to clarify that Shibarium only fully "opened" a little over two days ago, which makes this result even more impressive.
The largest protocol projects on this metric at the moment are decentralized exchanges, which is not surprising; it is a standard development path in the DeFi environment. The largest such DEX is DogSwap, holding a whopping $802,000, which is more than half of Shibarium's total value locked.
<img data-entity-type="file" data-entity-uuid="10ecb542-86b4-4506-ad0e-4fe910edc625" src="https://u.today/sites/default/files/inline-images/shibbbb_0.png">Source: <a href="https://defillama.com/chain/Shibarium">DefiLlama</a>
In the meantime, DogSwap's X account is currently temporarily blocked, but the site is up and running. It is important to be careful here and not fall victim to rugpulling by developers or malicious users.&nbsp;<a href="https://u.today/half-a-million-shibarium-wallets-embrace-shiba-inu-innovation-in-record-breaking-launch">Shibarium</a> is a young network and is likely to be more like the Wild West at first, so be careful.
Second is Marswap, whose total value locked is just under $400,000, equivalent to 26.6% of the total value. Next on the list are assorted similar projects.
<h2 dir="ltr" id="all-around-growth">All-around growth</h2>
In addition to TVL growth,&nbsp;<a href="https://u.today/46-trillion-shib-grabbed-by-new-whale-as-shibarium-metrics-explode-overnight">Shibarium</a> has also seen extensive growth in its number of user wallets. As reported by U.Today, recent data from Shibariumscan reveals that the network has shown a rapid increase, now hosting an impressive 482,000 addresses, just a little short of half a million. This substantial rise comes after U.Today's report of 300,000 addresses just the previous day, signifying 60% growth within 24 hours.

Shibarium's Total Value Locked Skyrockets to $1.5 Million: Unmasking Dominant Projects

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