Shibarium’s TVL Dips: Insights from Kusama, Strategies Ahead

According to a screenshot shared by Lucie, the ecosystem’s marketing strategist, Shytoshi Kusama, responded directly to a community member on Telegram who commented that Shibarium’s “TVL is too low.”

Concerns about a low TVL, according to Kusama, stem from people’s focus on trends. The creator of Shiba Inus remarked that he has learned that “wealth flows against the grain.”

Kusama elaborated on the fundamental characteristics of the wealthy by stating that they “anticipate, observe, and remain in zen” (relaxed in situations they cannot change) under all circumstances.

This was his prescription for prevailing in challenging times.

Kusama cautioned against focusing on a single factor to avoid falling victim to the “magician,” as he termed it.

Shibarium, the Shiba Inu-backed scaling solution, went live in August. Despite a less-than-stellar debut due to network congestion, the setback served as a wake-up call, with protocol developers redoubling their efforts to scale the chain and a subsequent launch.

DeFiLlama data indicates the protocol’s TVL has decreased from its all-time high of $1.47 million on August 30 to its current value of $681,472 at the time of writing.

This TVL compares to its competitors, Arbitrum, which has a TVL of $1,734 million, and Polygon, which has a TVL of $754,65 million. Lucie defended this disparity by emphasizing the relative age of the L2.

As a scaling solution, Shibarium cultivates a variety of ambitious strategies to compete with its rivals. In addition to launching new applications on the protocol and maintaining the SHIB burn campaign to return value to the broader Shiba Inu ecosystem, these plans include bootstrapping new applications.

While Shibarium has achieved notable milestones, Shytoshi Kusama stated that assigning specific timelines to planned projects is unrealistic and urged the community to be patient.