thecryptobasic.com
Trading activity on Shibarium-based decentralized exchanges (DEXs) is showing signs of recovery after daily volume surged by more than 1,500% within 24 hours.
According to data from DeFiLlama, Shibarium’s DEX trading volume jumped 1,517%, rising from just $17 on July 9 to $275 on July 10. Notably, Shiba Inu’s native decentralized exchange, ShibaSwap, accounted for the entire $275 in trading volume.
Although the figure remains insignificant compared to rival blockchain ecosystems that process tens of millions of dollars in daily DEX volume, the increase represents a notable improvement from Shibarium’s recent performance.
Trading Volume Recovers After Weeks of Inactivity
The latest spike follows an extended period of minimal trading activity on the network.
Notably, Shibarium recorded no DEX trading volume from June 23 through the end of the month. Activity resumed at the beginning of July, but only $3 worth of trades were executed. Trading volume then climbed to $17 on July 9 before surging to $275 the following day, representing a 1,517% day-over-day increase.
While trading activity remains modest in absolute terms, the latest figures suggest that liquidity is gradually returning to the Shibarium ecosystem.
Shibarium TVL and Transactions Soar
Meanwhile, Shibarium’s decentralized finance (DeFi) ecosystem has also expanded in recent weeks. At press time, the network’s total value locked (TVL) stood at $24,014, representing an 11.71% increase from its June 27 level.
Additionally, TVL has risen by 1.50% over the past 24 hours, indicating continued growth in assets deposited across Shibarium-based protocols. Beyond decentralized exchange activity, overall network usage has also strengthened.
Data from Shibariumscan shows that daily transactions, which had remained below 2,000 since July 5, surged to 5,170 on July 10. This represents a 361% increase from the 1,120 transactions recorded on July 9.
Despite the recent slowdown, Shibarium has continued to process substantial on-chain activity throughout its lifetime. The network has now recorded more than 1.56 billion total transactions across approximately 18.06 million blocks.
The simultaneous rise in DEX trading volume, TVL, and daily transactions suggests that activity across the Shibarium ecosystem is gradually recovering after a prolonged period of weak on-chain engagement.