Disaster at Shibarium: only $ 6 million tvl, 56% loss of user activity and no audit – what happens right now?
- Shibarium only 6 miaodollar TVL and the loss of activity of 56% are a disaster; There is no examination of the processes and trust in the project disappears rapidly.
- The community asks Shiba Inu to teach an audit, to restore the trust of customers and to start network growth again.
Shiba Inus L2 Blockchain Shibarium apparently has existential problems. The TVL stopped at $ 6.09 million, and daily user activity decreased 56%. The lack of a publicly accessible security test has raised questions about trust and future existence.
The acceptance of Shibarium is behind other L2s
According to the latest on-chain data Shibarium with $ 6.09 million TVL at the lower end of all L2S. Arbitrum, optimisms and base have billions of tvl. This shows a lack of capital engagement in Shibarium. Community members speak in the public forums: A member wrote:
“That should be our layer 2 for us. Of us. And here we are – months later – and acceptance tends to zero.”
Shibarium should be the next evolutionary step of the memoins as a separate crypto sector, but it does not win the traction that would be necessary for progress.
As CNF reported, L2S increases its user base and development activities through incentives and strong infrastructure support. Shibarium has not launched any significant programs to integrate developers and users on a large scale.
Salvage activity and no audit are the recipe for strong distrust
The activity in the network is declining. The daily operation has decreased by 56 %. It is not just about the benefits of the platform, but also about trust in the network in general.
The biggest problem is still unresolved – the lack of a security audit. Certik was with the examination of Shibarium commissionedbut no report has been published yet. In an area in which transparency and risk assessment are of central importance, the lack of an audit is a major obstacle for users and developers.
Exams Third parties offer an independent view of the smart contracts and the general security of a protocol. Without such a test, the participants grip in the dark when it comes to weaknesses or safety precautions. It is opaque that stirs up the distrust of the community. It does not mean for nothing:
“No examination means no trust. No trust is synonymous with a lack of acceptance.”
At a time when fraud and rip -off the customers have made the customers particularly careful, the lack of verified audits is a great obstacle to acceptance. Projects that do not offer security are difficult to achieve long -term commitment of users.
Call to restore trust
The restoration of trust requires a transparent plan and measurable measures. The mood in the community changes and requires clear steps forward. This means that a formal test must be published, the community must be included again and that the developers and users have to be offered tangible incentives.
Voices from the community suggest To introduce scholarships for developers and rewards for users to expand the platform. Others say that the resolving of the security problems alone would restore trust.
In order to advance, the stakeholders ask the core team of Shibarium to give priority to a complete examination and to make them public. That would be the first step to restore credibility.
Despite the challenges of the L2 introduction of Shibarium, some key figures indicate that the wider Shiba-Inu ecosystem still has potential. According to Shibburn, the Shib burning rate has risen by 3,255.93 % in the last hour with over 28.4 million burned tokens-10.8 million.
The Shibarium network has exceeded the 10.5 million blocks. The daily transactions amount to over 4.78 million, with total transactions of over 1.07 billion over almost 198 million wallet addresses. This is still a benefit at the protocol level, even if the general commitment is unsure.
Support for the project also comes from influential people. As CNF reported, Bitcoin supporter Jeremie Davinci said:
“I like Shiba Inu, as you know, and I think it will do relatively well in this cycle … it is a chain where you can perform all kinds of applications.”
In the meantime, attention is paid to the upcoming Layer 3 of Shibarium, which will have a completely homomorphic encryption. This is a big thing for security and benefits. The introduction of L3 in combination with the price increase of bone by 16.72 % to $ 0.281 indicates that despite the loss of trust in the introduction of L2, there is still a dynamic in the system. As is well known, hope dies, but sometimes there is a resurrection instead.
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