Shibarium (SHIB) Celebrates 1 Billion Transactions Milestone, Inviting New Builders to Join the Ecosystem

As Shiba Inu's (SHIB) own public Layer-2 blockchain Shibarium just celebrated the 1 billion transaction milestone

Shibarium, the Layer-2 blockchain developed by Shiba Inu (SHIB), has hit a major milestone with 1 billion transactions.

Now, Shibarium L2 developers are opening a Telegram group for new 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 will be focused on giving community developers direction, as Shibarium developers "are here to assist in every way."

As of press time, the new SHIB group for developers has over 200 subscribers with up-and-coming developers asking pros questions.

Recently, the protocol rankings by DefiLlama highlighted decentralized exchanges leading the decentralized applications (dApps) on Shibarium L2. Shiba Inu's own ShibaSwap exchange has $1.15 million locked in, impacting the monthly total value locked (TVL) by 11.20%.

WoofSwap & ChewySwap Podium Finish

Coming in second and third are DeFi protocols, WoofSwap and ChewySwap, which together accumulate $854 million in TVL. The invitation by the Shibarium team to build decentralized applications on-chain comes amid ShibaSwap's native token BONE struggling to stay above $0.25, a crucial resistance level for Shiba Inu's altcoin, capped at 250M.

Shibarium certainly requires Bone ShibaSwap (BONE) for every transaction, as the altcoin is used as a gas fee token on the mainnet.

Through the crypto price movements this year, BONE crypto has seen 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 hit its bottom, the monthly price trend has been positive with 12.5% gains in 30 days, generating around $5 million in trading volume on Spot markets. While the current BONE price range is still a peak from the all-time high 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 approaching a 550 trillion resistance bubble at $0.000014, which could be flipped into support if the bullish momentum continues.

On One Hand, Shiba Inu (SHIB) Surpasses Mid Bollinger Band

Shiba Inu's (SHIB) price has moved past the middle Bollinger Band (BOLL), placing the meme coin at a 8% weekly profit. However, the bullish momentum isn't being sustained by the whales, according to the strength of the trend-measuring Trend Strength Index (TSI).

The negative values in the TSI above hint at Shiba Inu's (SHIB) recent rally being prone to reversal, while the Chaikin Money Flow (CMF) also stands below zero, at -0.07 at the time of publication.

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.