Shibarium DEX Trading Volume Surges 1517% in 24 Hours... Signs of Network Activity Rebound

According to blockchain media Decrypt on July 11 (local time), Shibarium-based DEX daily trading volume increased from $17 on the 9th to $275 on the 10th, a 1517% rise. This transaction was entirely processed by Shibaswap, Shibarium's own DEX. While the absolute size remains small, the key point is that the previously stagnant trading flow has resumed. Shibarium had zero DEX trading volume from June 23 to the end of June. Trading resumed in July but was limited to $3 at the start of the month. It rose to $17 on the 9th and $275 on the 10th, indicating a short-term rebound. This is seen as a sign of liquidity gradually returning to the network. DeFi indicators moved in the same direction. Shibarium's total value locked (TVL) reached $24,014 as of the time of writing, an 11.71% increase from June 27. It also rose by 1.50% in the past 24 hours, indicating that assets deposited in Shibarium-based protocols continue to grow. Network usage also showed a recovery. According to ShibariumScan data, daily transaction volume fell below 2,000 from July 5th but surged to 5,170 on the 10th, a 361% increase compared to the previous day. Despite recent slowdowns, cumulative on-chain activity on Shibarium has continued to build. Total transactions now exceed 1.56 billion, with approximately 18.06 million blocks. While it's still too early to determine if the recent surge signals a long-term trend shift, the simultaneous increase in DEX trading volume, TVL, and daily transactions indicates that some on-chain participation, which had been weak for a long time, is beginning to recover. However, in terms of scale, the gap with other blockchain ecosystems remains significant. Shibarium's DEX trading volume of $275 is minimal compared to competitive networks handling millions of dollars in daily trading. Thus, this rebound is more indicative of activity resuming at the bottom rather than a full recovery. In this context, the key point for the market is the sustainability of the rebound. After experiencing a prolonged trading halt at the end of June, Shibarium saw increased trading volume, deposited assets, and transactions in July. If this trend continues with Shibaswap-centric trading and further TVL growth, the recovery trend in the Shibarium ecosystem could become more pronounced, according to the media.