Adoption of Shiba Inu’s Shibarium lags significantly with a low $6.09M TVL compared to leading Layer 2 networks in the billions.
Daily operations on Shibarium have plummeted by 55.9%, signaling a sharp decline in user activity on the network.
The absence of a publicly released security audit by CertiK erodes community trust and hinders wider adoption.
Rebuilding trust through transparency, a thorough audit, and compelling incentives is critical for Shibarium to gain the Shiba Inu army’s confidence and achieve meaningful adoption.