Something remarkable is happening within the SHIB ecosystem Although $ SHIB's price is far below its record highs from 2021, the token seems to have turned the tables. The asset has grown 7.0% over the past month and is currently trading at approximately $0.00000443. Nevertheless, developments on Shibarium, the Layer 2 protocol for SHIB, look much more promising. Over the past month, on-chain fees have increased by 79.5%, hitting $22.10. Most surprisingly, total value locked on the Shibarium protocol has spiked 298% over 30 days (287% in just one week), bringing TVL to $97,453. This significant increase in fees and TVL suggests on-chain activity and funds flowing into the Shibarium ecosystem are growing rapidly, even if the base is small. Source: Defillama