Shibarium Layer-2 has made waves in the decentralized finance (DeFi) space, counting up over 1 billion transactions on the mainnet. Conducting on-chain transfers at 5 second average block time, Shibarium has pushed Shiba Inu (SHIB) way above the limits of a typical meme coin.
As per latest DefiLlama data, Shiba Inu’s Shibarium L2 chain has $2.02M locked in. However, partly due to delays in chain upgrades, this is five times less than the record high of $11.22M in total value locked (TVL) record hit in December, 2024.
Aside from Shibarium, the developer team has been working on ShibOS, a blockchain-powered operational system that’s got the nod from the United Arab Emirates (UAE). Indeed, the crypto pioneering country chose to integrate ShibOS on a federal level, with one strong point of this decision being the Fully Homomorphic Encryption (FHE) offered by Shibarium devs.
Shiba Inu’s One Cent Dream Turns Into a Stablecoin
A vision of Shiba Inu community’s own stablecoin first surfaced in 2021 by the mysterious Shiba Inu (SHIB) founder Ryoshi. The idea behind Shibarium’s own SHI stablecoin is to peg it to one cent, but the developers have to exercise a cautious approach since what happened to Terra Luna’s algorithmic stablecoin back in 2022.
The rigorous testing continues till this day on Shibarium’s testnet ‘puppynet’, as Shibarium developers Kaal Dhairya and Shytoshi Kusama are hammering away to establish a clear path towards maintaining the desired one cent peg on Shiba Inu’s stablecoin, which is pivotal in harnessing liquid staking derivatives (LSD) across Shibarium and compatible chains.
In the latest update, Shibarium dev Kaal Dhairya noted regulatory uncertainty as the key hurdle from putting Shiba Inu’s one-cent stablecoin in effect. “Waiting on clear stable coin regulations”, – explained the leading Shibarium L2 developer, when asked what’s stopping the highly-anticipated Shiba Inu stablecoin from launching.
What the dev is likely referring to is the Digital Asset Market Structure and Investor Protection Act, which could pave the way for big tech brands like Microsoft, Apple & Amazon to conduct business in regulatory-approved stablecoins. This goes along the lines of Shiba Inu’s chain integration on an institutional level, as a clear regulatory path is key for ensuring stability.
Shiba Inu Rebounds Softly: What’s Next For SHIB Price?
As we can see in the price chart below, Shiba Inu (SHIB) price was very close to crossing the red-label Bollinger Band (BOLL) yesterday. Despite not pushing through the level just yet, SHIB continues to trade above the middle band, signaling upward momentum since April 10, 2025.
Meanwhile, Shiba Inu’s True Strength Index (TSI), examining the memecoin’s momentum, is picking up pace with the blue oscillator flashing above 5. Conversely, the dark pink colored lower boundary is still in negative territory, but a break to positive values would help SHIB restore late March, 2025 price levels.
As of press time, the Japanese guard dog embossed memecoin Shiba Inu (SHIB) is exchanging hands at $0.00001194, closely approaching the $0.000012 resistance bubble, where 42.82T Shiba Inu coins are stored across 69.1K crypto wallets.
On The Flipside
- The crypto & stock market chaos has crunched $1.43 million in Shibarium’s L2 TVL since the beginning of the year, characterized by the lack of activity in the Web3 space in Q1 of 2025.
Why This Matters
The Stablecoin market is bound to expand to unprecedented levels due to cross-border payment integration, despite the current regulation around stablecoins not being crystal clear.
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