How High Can Shiba Inu Go if Shibarium Captures 10% of Ethereum’s TVL?

• Shibarium’s TVL has grown over 7% in the past day, reaching $2.9 million, signaling early DeFi momentum.
• If Shibarium captures 10% of Ethereum’s $64.4B TVL, SHIB’s price could rise over 2,200%, reaching $0.0003677.
• Analysts remain optimistic, with some projecting SHIB could hit $0.00035 by 2030.

The Shiba Inu (SHIB) ecosystem’s Layer-2 blockchain, Shibarium saw its decentralized finance (DeFi) ecosystem saw an over 7% increase in total value locked (TVL) to around $2.9 million in the past day. In contrast, Ethereum dominates the DeFi space with over $64.4 billion in TVL. 

The gap raises questions about what could happen to Shiba Inu’s price if Shibarium’s footprint expands significantly. Notably, Shiba Inu is trading at $0.0000158 as of press time.

Shibarium’s TVL Sees Modest Growth

Shibarium, a layer two blockchain tied to the Shiba Inu ecosystem, shows early signs of DeFi activity. DeFiLlama data shows the network’s TVL rose to $2.89 million after a 24-hour jump of 7.68%. This marks a positive but still modest development for the ecosystem.

This modest growth also translates to gains in price for the token. As of this press time, Shiba …

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