Shibarium DEX Volume Collapses 97.46% Amid Wider Crypto Bear Market

Shibarium's decentralized exchange (DEX) volume has plummeted by an astonishing 97.46% over the past week, settling at just $1.81.

This drastic decline mirrors the broader bearish trend in Shiba Inu's price and cautious investor sentiment.

Despite this drop, Shibarium's total value locked (TVL) has slightly increased by 0.13% to about $102,324, with WoofSwap Shibarium leading in liquidity.

Analysts suggest that a recovery in the wider crypto market could revive interest and activity on Shibarium.