As Shiba Inu’s (SHIB) own public Layer-2 blockchain Shibarium just celebrated the 1 billion transaction milestone, Web3 enthusiasts with developing skills are now encouraged to aim higher. For this reason, Shibarium L2 developers have set up a Telegram channel for builders to join and ask for assistance.
Shibarium Devs Lend A Helping Hand To New Builders
According to SHIB.io’s Marketing Lead Lucie S, the group focused on giving community developers direction, as Shibarium developers “are here to assist in every way”. As of publication time, the new SHIB group for developers has over 200 subscribers with up-&-coming developers asking pros the questions free of charge.
Recently, the protocol rankings by DefiLlama hint at decentralized exchanges leading the pack among decentralized applications (dApps) on Shibarium L2. Shiba Inu’s own ShibaSwap exchange has $1.15 million locked in, raising the monthly total value locked (TVL) by 11.20%.
WoofSwap & ChewySwap come in second and third, compiling a $854 million in TVL together. The invitation by the Shibarium team to build decentralized applications on-chain comes amid ShibaSwap’s native token BONE trying to stay above $0.25, a crucial resistance level for Shiba Inu’s alternative token, capped at 250M.
Shiba Inu Rebounds Amid Scathed BONE Price Movement
Shibarium definitely requires Bone ShibaSwap (BONE) for every transaction, as the alternative Shiba Inu token is employed as a gas fee token on the mainnet. Through the ups and downs of the crypto seas this year, BONE crypto incurred a 55.8% deficit over the past 365 days, while $0.20 was the demand zone the meme coin successfully bounced off on March 11, 2025.
As BONE found its bottom, the monthly trajectory has been positive with 12.5% gains in 30 days, producing around $5 million in trading volume on Spot markets. While the current BONE price range is a far cry from the all-time peak of $15.50 million on July 7, 2021, the full ATH retracement could serve a favorable entry point for crypto whales.
Meanwhile, Shibarium ecosystem’s main token Shiba Inu (SHIB) is nearing a 550 trillion resistance bubble at $0.000014, which could be flipped into support if the bullish momentum persists.
On one hand, Shiba Inu’s (SHIB) price scorched past the middle Bollinger Band (BOLL), putting the meme coin at a 8% weekly profit. However, the bullish momentum isn’t preserved by the whales, according to the trend strength-measuring Trend Strength Index (TSI). Namely, the negative values in the TSI depicted above hint at Shiba Inu’s (SHIB) recent rally likely to revert, while the Chaikin Money Flow (CMF) also dwelled below zero, flashing -0.07 at the time of publication.
On The Flipside
- Shibarium has been soaring in activity since late March, judging by the real-time data from blockchain stats explorer ShibariumScan.io.
- Shibarium L2 plunged in new crypto wallet addresses this month, while SHIB’s main Telegram channel lost 300 members since last week.
Why This Matters
Inclusivity on Web3 is a key component of smooth Web3 adoption, enabling the dog-themed token community to engage in gaming, creativity and liquid staking activities via BONE, SHIB, TREAT & LEASH tokens within the Layer-2 chain.
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