Shiba Inu (SHIB) is showing early signs of a potential breakout as key ecosystem metrics point to the increasing adoption and utility over its layer-2 blockchain, Shibarium.
SHIB was trading at $0.00001270 on Wednesday as it inched slightly away from the recent lows of 2025 and hung onto technical support levels that indicated some sort of base building by the bulls. Though still way off from the November 2024 high of $0.000033, positive vibes are starting to build with Shibarium’s total value locked (TVL) crossing the $3 million mark—something it has not witnessed since March.
dApp Growth Signals Real Use Case Emergence
The TVL rebound has been driven largely by renewed activity across multiple decentralized apps (dApps) in the Shibarium ecosystem:
- ShibaSwap: TVL rose 32% in the past 30 days to reach $1.4 million
- WoofSwap: Gained 38%, now holding $746,700 in assets
- ChewySwap, DogSwap, K9 Financial DAO, and PunkSwap all saw TVL increases of 30%+
These figures highlight a key narrative shift for the Shiba Inu project: from meme coin origins to growing traction as a functional Web3 ecosystem.
“This isn’t just a speculative asset anymore—Shibarium is showing early signs of becoming a true DeFi hub,” said one analyst tracking altcoin metrics.
Transaction Volume and Token Burns Support Bull Case
Data from ShibariumScan adds further weight to the bull thesis. The network has now processed over 1.13 billion transactions, with address count exceeding 206 million. Daily transactions have also seen a clear uptrend in recent days.
Complementing this is a 30% spike in SHIB’s daily burn rate, reflecting the ongoing effort to reduce supply. The current total circulating supply stands at 594 trillion SHIB, but deflationary mechanisms are starting to bite—albeit slowly.
Technical Setup: Will SHIB Retest $0.000045?
From a technical perspective, Shiba Inu is holding above an ascending trendline stretching back to June 2023, despite a longer-term downtrend since peaking in late 2024.
A harmonic XABCD pattern is forming, which began when SHIB hit $0.000045 in March 2023. The structure suggests a potential return to those highs—a 265% upside from current levels.
However, this is a longer-term setup, and traders shouldn’t expect fireworks overnight. Such a move would likely take months, if not years, especially in the absence of broader bullish sentiment across crypto markets.
While Shiba Inu still wears the “meme coin” badge, Shibarium’s growth metrics are starting to tell a more serious story. Rising TVL, increasing dApp activity, network expansion, and token burns all point toward maturing fundamentals.
Whether this translates into a sustained price rally depends largely on macro market sentiment and broader risk-on flows into altcoins. But the foundation is quietly being laid—and those watching closely see a very different SHIB than the one that rode 2021’s hype wave.
