Shibarium, the Layer 2 blockchain in the Shiba Inu ecosystem, has seen a significant increase in assets locked, reaching $3.85 million. This surge is attributed to new features like the DAMN meme coin on Woofswap DEX. DAMN's unique burning feature has attracted attention from the Shib army and crypto community. Despite no marketing spending, DAMN's price has been rising, leading to increased trading on Woofswap and impacting Shibarium's TVL. SHIB's price has also risen by 2.45% in the last 24 hours, continuing a growth streak of over 193% in the past month. However, the burn rate of SHIB has decreased by 52% recently. Short-term investors have accumulated 64 trillion tokens in the last 30 days, showing a 278% increase. Market conditions are volatile, so conduct thorough research before making financial decisions. Read more AI-generated news on: https://app.chaingpt.org/news

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