#shibainu (SHIB) has finally shown some signs of recovery, especially after the recent increase in network activities. According to on-chain data, the number of daily active addresses of Shiba Inu has increased by an enormous 198 percent in the past week. The most significant part of this growth took place yesterday, which indicates that it may be one of the first signs of an upcoming price recovery for SHIB.

As of the latest data, the price of SHIB is currently at $ 0.00000718. While SHIB is struggling to maintain a strong position in the market, this recent increase in network activity could change the rules of the game.

Shiba Inu network activity and SHIB price

The price of Shiba Inu has been relatively stagnant over the past few weeks, but the recent increase in daily active addresses may be a harbinger of a price rally. Although it is too early to draw firm conclusions, the price of the asset is showing some resistance in the face of a generally bearish market.

One of the main factors contributing to this increase may be the increasing importance of Shiba Inu in the field of DeFi. As more users interact with Shiba Inu's ecosystem, the asset could potentially see more liquidity and trading volume, which could increase its price.

Interestingly, while Ethereum's Locked-in Total Value (TVL) has been on the decline, Shiba Inu's TVL has remained stable recently without showing a serious decline. Although this situation is not important compared to Ethereum, it is a positive sign for Shiba Inu, especially if Ethereum continues to lose ground. It should be noted that the increase in daily active addresses may lead to an increase in volatility.

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