Shibarium Upgrade Ignites SHIB Community Hopes

The Shiba Inu (SHIB) community is abuzz with excitement as Shibarium gets a major upgrade. Mazrael, a prominent voice in the SHIB community, has deployed Safe contracts with full verification on the Shibarium explorer Shibariumscan.

This move follows a broader market rebound on Thursday, which saw SHIB's market value grow by 4.42% over the 24-hour time-frame.

Safe is not a new player in the crypto space - it's a widely used smart-account and multi-signature crypto wallet infrastructure that provides Web3 projects with tooling to run multiple deployments on various assets.

The Shibarium network has seen some improvements, including linking to other ecosystem components, such as the upcoming Shiba Eternity Play 2 Earn (P2E) version. However, its Total Value Locked (TVL) remains low at $86,379, a far cry from Q4 of 2025 when it was valued at $3 million.