[Digital Today reporter Yesul Kim] Daily decentralised exchange trading volume on Shibarium, Shiba Inu’s layer-2 network, jumped more than 1,500 percent in a day.

Decrypt, a blockchain media outlet, reported on Friday that daily DEX volume on Shibarium rose 1,517 percent to $275 on July 10 from $17 on July 9. All of the trading was handled by ShibaSwap, Shiba Inu’s own DEX. The absolute figure remains small, but the key point is that trading flow that had effectively stalled has started moving again.

Shibarium had no DEX trading volume from June 23 through the end of the month. Trading resumed in July, but early-month executed volume was only $3. It then rose to $17 on July 9 and $275 on July 10, confirming a short-term rebound. This is read as a sign that liquidity is gradually returning to the network.

DeFi indicators moved in the same direction. Shibarium’s total value locked stood at $24,014 as of the time of writing. That was up 11.71 percent from June 27. It also rose 1.50 percent over the past 24 hours. This means assets deposited into Shibarium-based protocols continue to increase.

Network usage also showed signs of recovery. Daily transactions fell below 2,000 from July 5, based on Shibariumscan tallies, but jumped to 5,170 on July 10. That was a 361 percent increase from 1,120 a day earlier.

Despite the recent slowdown, Shibarium’s cumulative on-chain activity has continued to build. Total transactions have so far exceeded 1.56 billion, and the number of blocks has reached about 18.06 million. It is still hard to say whether the recent surge in volume will lead to a long-term trend shift, but the simultaneous rise in DEX volume, TVL and daily transactions shows that on-chain participation that had been weak for a long period is partly recovering.

In terms of scale, the gap with other blockchain ecosystems remains large. Shibarium’s DEX trading volume of $275 is negligible compared with rival networks that process daily volumes in the tens of millions of dollars. As a result, this rebound is closer to a signal that activity is starting again near the bottom than a full-fledged recovery.

In this situation, the market’s focus is the rebound’s durability. After a prolonged trading hiatus in late June, Shibarium has seen trading volume, deposited assets and transactions rise together in July. If ShibaSwap-led trading continues and TVL gains accompany it, Shibarium’s recovery trend could become clearer, the outlet reported.