Mazrael, a prominent voice in the Shiba Inu (SHIB) community, has deployed Safe contracts with full verification on Shibariumscan, the Shibarium network's explorer. A corresponding pull request, "safe-deployments PR#1666," has been opened to register the deployments.

Safe is not a newcomer to the space. It is a widely used smart-account and multi-signature crypto wallet infrastructure that provides Web3 projects with tooling to run multiple deployments across various assets, enabling a multi-signature structure for all transfers. The infrastructure is already available across many major EVM-compatible networks, so bringing it to Shibarium aligns the Layer-2 chain with a broader industry standard for managing on-chain treasuries and project funds, where multiple signers must approve transfers rather than a single private key holder.

Extra Security Layer Arrives on Shibarium

The Safe protocol follows a monthly release cycle with bi-weekly reviews of canonical deployments, supporting secure multisignature wallet functionality for users on the Shibarium network. The full disclosure of the nine Safe v1.4.1 smart contract deployments is available on GitHub.

Safe v1.4.1 (9 contracts) live + verified on Shibariumscan, safe-deployments PR#1666 opened — Mazrael.shib (@Mazrael_shib), September 3, 2026

Previously, Mazrael debunked claims about a so-called Shibarium Ecosystem restart, noting that the Layer-2 network was always running. Several improvements were made linking the network to other ecosystem components, including the upcoming Shiba Eternity Play 2 Earn (P2E) version.

Shibarium TVL Still at Lows Amid Rebound

Shibarium's daily transactions peaked at $1.21K, according to real-time metrics on ShibariumScan. While trading volume has been stagnant, long-term usage remains present. The wallet count is nearing 100 million, with roughly 8 million more wallets to go.

The average block production time remains around 5 seconds, confirming smooth Layer-2 chain operation despite a decline in Shibarium's Total Value Locked (TVL). According to DefiLlama, the $86,379 currently locked in value is a far cry from Q4 2025, when Shibarium was valued at $3 million. The gap between growing wallet counts and falling TVL is a dynamic worth watching ahead: infrastructure additions like Safe give projects and treasury managers more secure tooling on the network, while the extent to which that translates into renewed value locked remains to be seen in future on-chain metrics.

On the price front, Shiba Inu's (SHIB) market value grew by 4.42% over the past 24 hours following a broader market rebound. Bitcoin (BTC) managed to push through the $81,000 resistance level, while Ether (ETH) rallied toward $2,550, according to CoinGecko.