How Much Can Shiba Inu Rise If Shibarium Captures 10% of Ethereum's TVL?

The Layer-2 blockchain of the Shiba Inu ecosystem (SHIB), Shibarium, has witnessed its decentralized finance ecosystem (DeFi) experience an increase of over 7% in total value locked (TVL) to approximately 2.9 million dollars over the past day. In contrast, Ethereum dominates the DeFi space with over 64.4 billion dollars TVL. This distance raises questions about what could happen to the price of Shiba Inu if the footprint of Shibarium expands significantly. Notably, Shiba Inu is trading at $0.0000158 at the time of the press release. The TVL of Shibarium has modest growth. Shibarium, a layer two blockchain associated with the Shiba Inu ecosystem, is showing early signs of DeFi activity. DeFiLlama data indicates that the TVL of the network has increased to $2.89 million after a 7.68% rise in 24 hours. This marks a positive yet modest development for the ecosystem. This modest growth has also translated into a price increase for the token. As of the time of writing, Shiba Inu is currently trading at $0.0000158, up 1.6% in the past day. The token has now risen 22.5% in the past week, bringing the impressive monthly gain to 30%. To compare, Ethereum holds $64.4 billion in total value locked, processes $2.7 billion in daily decentralized trading volume, and records $2.27 million in chain fees over the past day. It also supports over 446,000 active users daily, reinforcing its market-leading position.

The price potential of Shiba Inu if Shibarium captures 10% of Ethereum's TVL. If Shibarium captures 10% of Ethereum's TVL, it will reach approximately $6.44 billion, an increase of over 2,227% from its current value. Such an increase could significantly impact the demand and utility of SHIB, the native token of Shibarium. "Notably, the estimate of how high the price of Shiba Inu could rise if the TVL of Shibarium increases to $6.4 billion is speculative. However, applying a similar increase of 2,227% to the current price of $0.0000158 suggests a potential peak of $0.0003677 for SHIB." Some analysts have considered this possibility. For example, a recent report by Finder surveyed 26 industry experts, with an average forecast suggesting that SHIB could reach $0.00035 by 2030.