TVL ShibaSwap’s (BONE), Skyrocketed, Doubling since November 2022
Key Points: In November 2022, ShibaSwap saw a significant increase in TVL. The amount increased from $17 million up to $36.5 million over that time.
Since the beginning of 2018, the value of one ShibaSwap token has increased by 120%. It went from $0.873 up to nearly $1,953.
ShibaSwap’s TVL has more than quadrupled since November, rising from $17 million in November to $36.5 millions. In November 2022, ShibaSwap’s TVL value increased more than twice, jumping from $17million to $36.5million. This is a significant rise from the previous level. This increase came as a surprise given that the cryptocurrency market had just witnessed a significant drop as a direct result of FTX’s bankruptcy.Decentralized exchange (DEX), yield farming, staking, and liquidity providing are some of the features that can be found on the ShibaSwap platform, which is a DeFi. Uniswap and PancakeSwap and SushiSwap are currently leading TVL. However, ShibaSwap continues to grow its following. The Curve ecosystem’s total value is $4.88 Billion, while the Uniswap V3 ecosystem’s total value is $2.83 Billion. The price of one ShibaSwap V3 token has risen 120% since the beginning of the year. It went from $0.873 up to $1,953. This is due to a number of recent changes to the Shiba Inu ecosystem. This is due to the high burn rate for SHIB tokens. The number has risen by more than 73% in the past 24 hours. The network has seen a positive effect from developments regarding Shibarium, a layer 2 solution. BONE will be crucial in layer 2. To make room for the 20 million remaining BONE, the minting of BONE was stopped at 230 million. The token will be used only by validators of layer 2 of Shib protocol. The thread also stated that Shibarium wasn’t developed for other projects that claim ownership. It was developed specifically for the Shibtoken.DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.Join us to keep track of news: https://linktr.ee/coincuChubbiCoincu NewsTags: BONEBone ShibaSwapcryptopriceShiba InuTVL