The Shiba Inu (SHIB) movement has grown to become a full-blown ecosystem with the potential of disrupting the Dogecoin network as the top meme coin. The Shibaswap.com ecosystem continues to attract more on-chain activity with the total value locked rising exponentially with time.
However, the Shiba Inu bears are tenaciously hunting for unsuspecting bullish traders, having dropped 3.6 percent in the past 24 hours. Nonetheless, the mention of the Shibarium layer 2 network, expected to be launched soon, quickly rejuvenates the community’s bullish sentiment. Furthermore, the Shiba Inu layer 1 network could easily scale with layer 2 as observed with Ethereum and Polygon (MATIC).
Source: https://coinpedia.org/altcoin/shiba-inu-bulls-awaken-tvl-reaches-36-72-million-in-two-years/