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ShibaSwap Unveils Liquid Staking and Karma Points to Boost DeFi 

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  • ShibaSwap introducеs liquid staking, еnаbling usеrs to stаkе tokеns аnd rеtаin liquidity whilе еаrning rеwаrds.
  • K9 Finаncе, lаunchеd on Sеptеmbеr 18, hаs lockеd 2.42 million BONE tokеns, with knBONE vаluеd аt $1.45M.
  • Thе Karma Points systеm boosts govеrnаncе, аllowing usеrs to influеncе votеs in thе upcoming Shib Doggy DAO.

ShibaSwap, thе dеcеntrаlizеd еxchаngе in thе Shiba Inu еcosystеm, is sеtting thе stаgе for groundbrеаking dеvеlopmеnts with thе introduction of liquid staking аnd а Karma Points systеm. Thеsе updаtеs аim to еlеvаtе usеr еngаgеmеnt аnd еxpаnd thе DEX’s functionаlity within thе DеFi spаcе.

Liquid Staking Revolutionizes ShibaSwap  

Thе liquid staking fеаturе is еxpеctеd to bе а gаmе-chаngеr. Usеrs cаn stаkе thеir tokеns on ShibaSwap whilе still rеtаining liquidity, еnаbling thеm to еаrn rеwаrds without sаcrificing аccеss to thеir аssеts. Whеn tokеns аrе stаkеd, usеrs rеcеivе liquid tokеns thаt cаn bе utilizеd for trаding or аs collаtеrаl on DеFi plаtforms. For еxаmplе, staking TREAT tokеns will providе usеrs with liquid vеTREAT tokеns.  

This nеw fеаturе doеsn’t just еnhаncе liquidity—it аlso еmpowеrs govеrnаncе. vеTREAT tokеns will аllow holdеrs to influеncе rеwаrd аllocаtion for liquidity mining. Howеvеr, TREAT tokеns аrе not yеt аvаilаblе for public usе. As of now, liquid staking is аccеssiblе through K9 Finаncе, а Shibarium-bаsеd liquid staking plаtform аnd thе officiаl staking pаrtnеr for Shiba Inu.  

K9 Finаncе, which lаunchеd on Shibarium on Sеptеmbеr 18, hаs аlrеаdy mаdе significаnt stridеs. Thе plаtform hаs rеgistеrеd 248 stаkеrs аnd lockеd 2.42 million BONE tokеns, with its liquid staking tokеn, knBONE, holding а mаrkеt cаp of $1.45 million.

Karma Points Boost Governance

Anothеr еxciting аddition is thе Karma Points systеm. By pаrticipаting in аctivitiеs likе trаnsfеrring Shiba Inu еcosystеm tokеns (SHIB, BONE, LEASH, аnd TREAT) or providing liquidity on ShibaSwap, usеrs cаn еаrn points thаt boost thеir voting powеr in thе upcoming Shib Doggy DAO.  

Thе Shib Doggy DAO, though not livе yеt, is еxpеctеd to bе а pivotаl govеrnаncе tool, аllowing tokеn holdеrs to votе on significаnt initiаtivеs. Plаns to lаunch thе DAO аrе sеt for thе еnd of nеxt yеаr. This аligns with thе еcosystеm’s vision of dеcеntrаlizеd dеcision-mаking, еnhаncing community involvеmеnt.  

Whilе thе timеlinе for lаunching liquid staking on ShibaSwap rеmаins unclеаr, thеsе updаtеs signаl thе еcosystеm’s commitmеnt to innovаtion аnd usеr еmpowеrmеnt. As thе Shiba Inu tеаm continuеs to rеfinе its offеrings, ShibaSwap usеrs аrе poisеd to bеnеfit from еnhаncеd fеаturеs аnd govеrnаncе tools thаt shаpе thе futurе of DеFi.

Related Readings | Ripple’s RLUSD Launch Fuels XRP’s Rise Toward $3

Shibarium Surpasses 2 Million Wallets, Solidifying Its Blockchain Dominance

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  • Shibarium surpаssеd 600 million trаnsаctions аnd 2 million wallets, mаrking significаnt milеstonеs in nеtwork аdoption.
  • Shibа Inu’s community cеlеbrаtеd Shibarium’s 2 million wallets milеstonе, rеflеcting thе growing intеrеst in its еcosystеm.
  • Shibarium’s totаl vаluе lockеd (TVL) hit $10.4 million on Dеcеmbеr 5, with K9 Finаncе DAO lеаding contributions.

Shibarium, thе Lаyеr-2 blockchain tiеd to Shibа Inu, hаs аchiеvеd rеmаrkаblе growth, solidifying its position аs а mаjor plаyеr in thе crypto spаcе. Rеcеnt dаtа from Shibariumscаn rеvеаlеd thаt thе nеtwork еxcееdеd 600 million trаnsаctions аnd surpаssеd 2 million wallets, two significаnt milеstonеs thаt highlight its incrеаsing аdoption.

Thе pаst month hаs sееn usеr аctivity on Shibarium grow аt аn еxtrаordinаry pаcе. Crypto еnthusiаsts hаvе bееn drаwn to its еcosystеm, еxploring а vаriеty of dеcеntrаlizеd finаncе (DеFi) protocols. This surgе in аctivity culminаtеd in а milеstonе of ovеr 2 million wallets intеrаcting with thе blockchаin, а fеаt officiаlly rеаchеd yеstеrdаy. Shibа Inu’s community took to X to cеlеbrаtе this аchiеvеmеnt, with аccounts likе Shibarium Updаtеs commеnding thе community’s dеdicаtion аnd strеngth.

Shibarium’s Network Activity Skyrockets

As of now, thе nеtwork boаsts 2,002,531 wallets, а tеstаmеnt to its growing populаrity. Trаnsаctions on thе blockchаin hаvе аlso crossеd thе imprеssivе 600 million mаrk, stаnding аt 618,197,123 аs of thе lаtеst updаtе. This growth hаs bееn pаrticulаrly notаblе ovеr thе pаst month, whеrе trаnsаction volumеs еxpеriеncеd а shаrp incrеаsе.

On Novеmbеr 5, thе trаnsаction count on Shibarium wаs rеcordеd аt 465.2 million. Fаst forwаrd to todаy, thе numbеr hаs surgеd by 32.69%, rеаching 617.3 million. Thе nеtwork procеssеs аn аvеrаgе of 4.735 million trаnsаctions dаily, undеrscoring its high аctivity lеvеls аnd consistеnt dеmаnd from usеrs.

Record TVL and Rising Network Demand

Thе nеtwork hаs аlso witnеssеd growth in its totаl vаluе lockеd (TVL), which hit аn аll-timе high of $10.4 million on Dеcеmbеr 5. Among thе contributors to this milеstonе, K9 Finаncе DAO lеаds with $4.49 million in TVL, followеd by ShibаSwаp аt $3.97 million, WoofSwаp аt $1.16 million, аnd ChеwySwаp аt $610,279.

Usеr аccounts on thе nеtwork incrеаsеd by 14.52% in just onе month, rising from 184,194 to 210,953. This еxpаnsion rеflеcts а significаnt uptick in intеrеst аnd pаrticipаtion. Mеаnwhilе, Shibarium’s totаl gаs usаgе—а mеаsurе of nеtwork dеmаnd—hаs аlso soаrеd. From Novеmbеr 7 to todаy, it incrеаsеd from 13.56 trillion to 18.52 trillion, mаrking а shаrp risе in аctivity within а short pеriod.

Thе rеcеnt milеstonеs undеrlinе Shibarium’s growing significаncе in thе blockchаin world. From brеаking rеcords in trаnsаction volumеs аnd wаllеt numbеrs to hitting аn ATH in TVL, thе nеtwork continuеs to thrivе. Its succеss is а tеstаmеnt to thе pаssionаtе community аnd robust еcosystеm thаt supports its growth.

Related Readings | Shiba Inu Surge to $0.0017: Prediction for 2026 Amid Market Optimism

Here’s How Shiba Inu’s New Bridge Cuts Wait Time by 80%

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  • Shiba Inu launched an NFT Bridge on Shibarium, allowing seamless NFT transfers between Ethereum and Shibarium with just a few clicks.
  • The NFT Bridge enhances Shibarium’s utility for displaying, trading, and interacting with NFTs, supporting Shiba Inu’s growth in the crypto space.
  • Recent upgrades reduced Shibarium’s token bridge time to 45 minutes, making it a faster, user-friendly blockchain option for asset transfers.

In a bold move for the Shiba Inu ecosystem, the development team recently launched an NFT Bridge on its Layer-2 scaling solution, Shibarium. The team disclosed this on its official X (formerly Twitter) handle, spotlighting a significant upgrade aimed at enhancing Shibarium’s utility. With the new NFT Bridge, users can now deposit and withdraw NFTs between the Ethereum and Shibarium networks seamlessly.

This development aligns with Shiba Inu’s ambition to strengthen Shibarium as a top-tier platform for decentralized applications and digital assets. According to the announcement, the NFT Bridge empowers crypto users to easily transfer their NFTs minted on the Ethereum blockchain to Shibarium and back in just a few clicks, further broadening Shiba Inu’s scope in the crypto space.

Per the team’s update, Shibarium’s NFT Bridge is designed for accessibility and speed, allowing users to display, trade, and interact with their NFTs on the Shibarium network. A step-by-step video tutorial guides users through the transfer process, detailing how to move assets between Ethereum and Shibarium.

To deposit an NFT from Ethereum to Shibarium, users should visit the Bridge platform and connect their wallets, such as MetaMask, on the Ethereum network. They can then select the NFT they wish to transfer, initiate the ‘transfer’ option, and confirm the transaction in their wallet. Upon completion, the NFT will appear on Shibarium.

The withdrawal process is similar, enabling users to return NFTs from Shibarium back to Ethereum. By connecting their wallets to the Shibarium network, users can choose the NFTs they want to transfer back, initiate the transaction, and approve it in their wallets. The NFT will then be successfully returned to the Ethereum network.

Shiba Inu’s Streamlined Transactions and Reduced Bridge Times

The launch of Shibarium’s NFT Bridge is part of the ecosystem’s broader mission to simplify cross-chain asset transfers. Bridging NFTs is secure and only requires a few clicks. The new feature adds to Shibarium’s existing capabilities, which allow users to bridge fungible tokens like BONE between Ethereum and Shibarium with faster processing times. Earlier this year, Shibarium cut its bridge time for tokens from seven days to just 45 minutes, enhancing efficiency for all users.

This NFT Bridge could mark a turning point for Shibarium, positioning it as a preferred network for NFT and token bridging within the Shiba Inu community and beyond. As competition among blockchain networks intensifies, Shiba Inu’s continual upgrades signal its intention to maintain relevance in the fast-evolving NFT and DeFi spaces.

With Shibarium’s expanded capabilities, Shiba Inu is positioning itself not only as a cryptocurrency but as an evolving ecosystem with real utility in decentralized finance and asset transfers. The recent NFT Bridge launch is likely to bolster Shibarium’s adoption, attracting users who seek a faster, multi-functional blockchain network with reduced costs and simplified processes.

Shiba Inu’s strategic focus on enhancing Shibarium’s utility indicates a long-term commitment to innovation, expanding its influence within the crypto ecosystem.

Massive Shiba Inu Update: Shibarium Nears 17,700 Smart Contracts

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The Shiba Inu ecosystem team has rolled out new updates concerning its Layer 2 blockchain, Shibarium, and its Web3 gaming project, Shiba Eternity. Lucie, the ecosystem’s marketing lead, took to X (formerly Twitter) to share the latest developments. These updates highlight Shibarium’s rapid growth and significant advancements in the gaming realm.

According to Lucie, Shibarium is on the verge of a notable milestone, nearing a three-month high in deployed smart contracts. Data from Shibariumscan reveals that 34 contracts were deployed on September 5, approaching the record high of 36 contracts set in July.

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This surge follows the launch of the Shiba Inu Developer Portal (ShibDev), which has driven renewed interest among developers. Shibarium now hosts 17,653 smart contracts, underscoring the blockchain’s growing appeal.

The introduction of ShibDev has provided developers with tools to streamline building on Shibarium, fostering a more robust development ecosystem. This spike in activity hints at increased long-term potential for the blockchain, as developer engagement often correlates with the success of decentralized ecosystems.

Shiba Inu’s Shiba Eternity Makes Strides

Lucie also shared updates about Shiba Eternity, Shiba Inu’s Web3 game. The gaming team rolled out three key updates, addressing gameplay bugs, user interface fixes, and enhancements to player rewards.

Several critical bugs, including issues with the loading screen and player disconnection, have been resolved. Additionally, new leaderboards and reward systems were introduced to enrich the gaming experience, reflecting the team’s ongoing commitment to improving the game.

The Web3 version of Shiba Eternity is still in beta, currently accessible to select LEASH stakers and holders of Shiba Inu-related NFTs. Open beta access, allowing the general public to play without restrictions, is expected but remains without an official date.

With Shibarium reaching new milestones and Shiba Eternity evolving, the Shiba Inu ecosystem is poised for further growth, indicating that developer and player engagement could drive the project forward in the Web3 space.

Shiba Inu Team Unveils BONE’s Massive Potential: Reasons to Celebrate

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Lucie, the marketing lead for Shiba Inu, recently underscored the potential of Bone ShibaSwap (BONE) in investors’ portfolios. She detailed how BONE is set to become integral to the Shiba Inu ecosystem, boosting its demand and value.

In a recent tweet, Lucie highlighted BONE as the official gas fee token for Shiba Inu’s layer-2 blockchain, Shibarium. Users must use BONE to process transactions on this L2 network. This integration is crucial, as it embeds BONE deeply within the ecosystem’s functionality.

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Governance Role in Shiba Inu’s DAO

Lucie also revealed BONE’s future role as a governance token in Shiba Inu’s decentralized autonomous organization (DAO). This will allow BONE holders to vote on key decisions, influencing the ecosystem’s direction. Such a role could increase BONE’s importance and demand among the community.

Lucie pointed out that BONE’s supply is capped at 250 million tokens, with 229.92 million currently in circulation. This limited supply could drive up BONE’s value as demand rises. Lucie emphasized that scarcity, combined with growing utility, could significantly enhance BONE’s market position.

BONE’s utility extends to Shiba State, where it will help establish guidelines on data privacy, technology, and digital rights. Lucie indicated that BONE has substantial growth potential as Shiba Inu expands through new partnerships and projects. She anticipates that demand for BONE will surge, potentially driving up its price.

Despite its potential, Lucie cautioned that her insights are not financial advice, urging investors to be cautious. As of now, BONE is trading at $0.3645, down 13.41% in the last 24 hours and 28.21% over the past week, amid a broader crypto market dip. However, its 24-hour trading volume has spiked by 110.57% to $10.88 million. With a market cap of $83.47 million, BONE ranks as the 328th largest cryptocurrency.

Lucie’s insights paint a promising future for BONE. Its central role in Shibarium, governance in the DAO, capped supply, and expanding utility within Shiba Inu’s ecosystem could make BONE a valuable asset for investors eyeing long-term growth.

Shiba Inu’s New Era: Unlocking BONE & Shibarium Staking

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Shiba Inu has teamed up with K9 Finance and Unification, to bring innovative DeFi solutions and robust infrastructure within the Shibarium ecosystem. The strategic alliance is touted to open up a host of exciting developments.

K9 Finance, Shibarium’s Liquid Staking Derivative [LSD] platform is set to unlock the potential of BONE tokens by addressing traditional staking illiquidity. First, the platform will empower BONE holders to delegate to a validator, and earn yield, and receive a liquid staking token in return, which can be used across Shibarium and within K9 Finance to stake and earn more.

Shiba Inu
Source: https://magazine.shib.io/

Secondly, Unification’s integration of the FUND token on the Shibarium Bridge expands the crypto offerings for the Shibarium ecosystem. Besides that, Unification’s expertise in cross-chain communication will facilitate a seamless connection between Shibarium to other blockchain networks. Additionally, its native decentralized node infrastructure [UNoDE] will enable asset exchange and collaboration across multiple chains, benefiting both users and the broader ecosystem.

Shiba Inu’s Accelerated Growth & Adoption

This partnership between Shiba Inu, K9 Finance, and Unification is expected to accelerate the growth of the Shibarium protocol. As per the official blog post, this new initiative hopes to onboard more diverse users, ranging from DeFi enthusiasts to newcomers, eager to explore the potential of decentralized finance within the Shiba Inu ecosystem

K9 Finance and Unification are not just building tools; they are building an ecosystem. Unification provides tools and building blocks, such as UNoDE, Oracle of Oracles (OoO), and Verified Online Randomness (VOR). UNoDE 1.0 offers Shibarium RPCs for users and developers, while UNoDE 2.0 promises full decentralization, allowing any validator or RPC node operator to add their RPC as a service for UNoDE users, enhancing decentralization and providing additional monetization opportunities for developers.

Shiba Inu Price Decouple

Shiba Inu’s recent price action reflects the development of the ecosystem. The meme coin posted a notable mini-decoupling from other altcoins over the weekend surging by over 5% in 48 hours. This price action has caught market attention, particularly SHIB holders, who are anticipating a continuity of the uptrend amidst broader market trends. 

Large investors particularly, non-exchange whales, have been on an accumulation spree. This action by these whales underscores growing confidence and long-term investment interest among the major players

Shiba Inu Upgrades Shibarium Docs: What’s New?

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Shiba Inu team has revamped its documentation platform, delivering a comprehensive overhaul with the promise of significant upgrades. The update mainly focuses on Shibarium, the project’s layer-2 scalability solution, and aims to create a more inclusive and dynamic environment for users and contributors.

As per the blog post, the new documentation platform features a fresh, intuitive design, enhanced readability, and navigation. It includes a wide range of meticulously curated resources such as detailed guides on Shibarium, explanations of gas fees, validator instructions, and tutorials on using Remix and Hardhat for building on Shibarium. Additionally, users can access detailed release notes and an extensive FAQ section, providing the support needed to navigate the Shiba Inu ecosystem confidently.

Shiba Inu
Shiba Inu Upgrades Shibarium Docs: What’s New? 5

In an interview with The Shib Daily, Vini Gomes, Senior Tech Writer at Shiba Inu, stated that this update is the first step in a broader plan. The team is actively working on expanding the documentation to cover all corners of the Shiba Inu ecosystem, including Shibaswap, Tokenomics, and Shiba Eternity. Their goal is to create a comprehensive knowledge hub with tutorials, user guides, developer resources, and node operation instructions, empowering users within the Shiba Inu universe.

From Shibaswap and Tokenomics to Shiba Eternity and beyond. Our ultimate goal is to transform this platform into a one-stop knowledge hub, empowering users with tutorials, user guides, developer resources, node operation instructions, and everything else they need to thrive in the Shiba Inu universe.

Shiba Inu Adoption

Shiba Inu team is also planning to integrate Conversolla, a conversational AI tool, to enhance user interaction by offering personalized guidance and support. Through this update, the meme coin project aims to foster a deeper understanding of its ecosystem, encourage active participation, and cultivate a vibrant, informed community.

Recently, the popular meme coin has been accepted as a payment method by the Spanish company Block Travel as payment mode. Before that, Kronos Advanced Technologies Inc., a U.S.-based company, also integrated SHIB as a payment option for its product lineup. This is significant because Kronos is a publicly listed company, and the announcement was made in a Form 8-K filing with the U.S. Securities and Exchange Commission [SEC].

Shiba Inu Milestone: 35B SHIB Tokens Join Shibarium

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In significant news for the Shiba Inu community, a staggering 35 billion SHIB tokens have been moved to Shibarium, the meme project’s native Layer 2 network. This move highlights the growing adoption and confidence in the Shibarium ecosystem, marking a milestone in the project’s journey.

The significant transfer of SHIB tokens underscores the community’s commitment to enhancing the utility and scalability of the Shiba Inu token within its dedicated blockchain network. As Shibarium continues to evolve, it aims to provide faster transactions, lower fees, and more robust infrastructure for SHIB holders and developers.

Shiba Inu
Shiba Inu Milestone: 35B SHIB Tokens Join Shibarium 7

On the other hand, the price of Shiba Inu has been stagnant in recent times. It has dropped to $0.00001767 and has only increased by 1% in the last 48 hours. This slow rate of price increase is in stark contrast to its 2021 heights and may have affected the number of SHIB millionaires.

According to data from Into The Block, the number of addresses holding between $1 million and $10 million in SHIB has come to a standstill at 986. Of these, 909 addresses hold between $1 million and $10 million, while 77 hold more than $10 million in SHIB tokens.

Furthermore, June saw Shiba Inu hitting new lows, leading to a sharp decline in wallets holding a million SHIB. Previously, there were 1,319 millionaire addresses, but the current downturn has reduced this number by 333, leaving many former millionaires below the mark.

Shiba Inu Projected To Grow 60%

Nevertheless, Shiba Inu is gearing up to release Shiba Eternity, which could help the token recover sooner than expected. Moreover, the layer 2 solution is gaining traction as evidenced by a whopping 400% surge in transaction volume. This development indicates increased interest and engagement with SHIB, even amid declining metrics.

Data from CoinCodex showed that Shiba Inu is expected to regain some of its lost value by July 2, with a projected 60% surge. The forecast suggests that SHIB could reach $0.00002949, representing a 65.73% increase. Besides Shiba Eternity, the memecoin ecosystem is also set to launch several new products, including ShibaHub, Shibaswap, and Layer 3 testnet. These new offerings aim to attract more users and stimulate growth within the community.

Shiba Inu’s 5% Plunge Expected Amid Market Volatility

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The Shiba Inu ecosystem is riding the crest of the market’s bullish momentum, reaching new heights. A surge in Shibarium metrics signals increased demand for the Shib token among crypto enthusiasts.

According to Shib.io, Shibarium, a layer two solution for the Shiba Inu ecosystem, is experiencing a significant uptick in online activity. Data from Shibarium Scan shows a dramatic increase in Shiba Inu’s transaction fee metrics.

Transaction fees for Shib skyrocketed by 388%, rising from 16.22 BONE on June 17 to 78.18 BONE on June 23. This surge reflects the explosive demand the network faces, highlighting the token’s success despite fluctuating market dynamics.

The report also noted a rise in the average block size on Shibarium. This development suggests heightened interest in the platform, showcasing Shiba Inu’s unmatched popularity and usage. The block size increased by 28.9%, indicating that blocks are carrying more data to accommodate the growing influx of users.

Metrics for new transactions on Shibarium saw an impressive 178.55% increase, further solidifying the success of the SHIB ecosystem. Despite the token’s slow and steady price rise, its pace has not deterred its dedicated community, who continue to hope for the token to reach the $0.01 mark.

Shiba Inu’s Rising Metrics, Rising Hopes

The positive metrics on Shibarium have rekindled hope among its community members. SHIB enthusiasts, known for their unwavering support, are eagerly awaiting a bullish streak for the token.

According to CoinCodex, SHIB might see a 5% decrease by the end of June 2024, potentially trading at $ 0.00001656.

“According to our current Shiba Inu price prediction, the price of Shiba Inu is predicted to drop by -4.98% and reach $ 0.00001656 by July 25, 2024. Per our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 30 (Fear). Shiba Inu recorded 11/30 (37%) green days with 13.76% price volatility over the last 30 days.”

However, with new infrastructure developments in the works, SHIB aims to reclaim its lost valuation and status in the sector. The Shiba Inu developers have recently announced plans to launch the blockchain version of their game, Shiba Eternity, to attract new users. Such innovations could drive new price action for SHIB, potentially turning the tide for its ecosystem in the long run.

DefiLlama Expands to Include Mantra, Empowers New Potential of 3M Users

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In a significant move that underscores the growing importance of interoperability and liquidity solutions within the NFT space, DefiLlama, the leading DeFi analytics platform, has expanded its coverage to include Mantra, an NFT marketplace and lending protocol on the Shibarium network. This expansion marks another milestone in DefiLlama’s commitment to providing comprehensive and real-time data for the decentralized finance (DeFi) landscape.

DefiLlama has established itself as a go-to resource for tracking the total value locked (TVL) across various DeFi protocols. The platform’s user-friendly interface offers real-time insights into TVL, lending platforms, yield farms, and liquidity pools, making it an indispensable tool for investors and traders. By aggregating information from multiple platforms, DefiLlama provides a holistic view of the DeFi ecosystem.

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Mantra Protocol, on the other hand, is a versatile multichain NFT marketplace operating on Shibarium, a layer 2 solution for Shiba Inu. Known for its accessibility and support for multiple blockchains, Mantra Protocol has emerged as one of the largest NFT marketplaces on Shibarium. The platform recently hosted an “Easter Egg Event” on March 26, 2024, offering several NFTs at discounted prices, further cementing its popularity among users.

DefiLlama Boosts Mantra’s Visibility and Audience Reach

The inclusion of Mantra on DefiLlama allows the NFT marketplace to gain exposure to a broader audience. Investors and traders can now track Mantra’s TVL and liquidity across different chains, fostering confidence and attracting new participants. This visibility is crucial for enhancing liquidity, as more users discovering and engaging with Mantra’s offerings will contribute to the growth of its liquidity pools.

Expressing their excitement, Mantra Protocol wrote on X (formerly Twitter),

“Let’s gooooooo !! We wanted to be in #DefiLlama for so long and once we applied, it only took a few hours to be on the platform. Kudos to your team! Thank you so much for tracking our protocol’s TVL now. We’re happy to be in the people’s favorite #blockchain stats tool.”

The integration of Mantra into DefiLlama highlights the importance of cross-chain collaboration. By bridging gaps between various blockchain ecosystems, this move promotes interoperability and expands the reach of DeFi solutions. As the NFT space continues to evolve, such collaborations are essential for fostering innovation and ensuring the seamless flow of liquidity across platforms.