Shibarium DEX Volume Plunges 97% as Shiba Inu Downtrend Extends

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Shibarium, the layer two network of the Shiba Inu ecosystem, has seen its decentralized exchange volume decline by 97%. The slowdown in the Shiba Inu ecosystem has also extended to its layer two network, Shibarium, as participation across its spot and DeFi markets continues to hit low levels.

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Shibarium DEX volume plunges 97%, indicating a collapse in user activity and demand for the ecosystem's DeFi services.