Shiba Inu: Shibarium Transaction Volume Crashes to 2-Month Low - Is the Hype Fading?

Shibarium just hit a worrying milestone—transaction volume plunged to its lowest point in two months. The layer-2 solution designed to boost Shiba Inu's utility is showing signs of fatigue.

Activity Slumps Amid Broader Market Chill

Network engagement has cooled significantly, raising questions about whether the meme coin's ecosystem can sustain momentum beyond speculative trading. Daily transactions have dwindled, and user activity paints a cautious picture.

The Two-Month Low: What’s Behind the Drop?

While the broader crypto market faces pressure, Shibarium’s decline stands out. The chain, once hailed as a game-changer for SHIB, is now grappling with reduced throughput and fading hype.

Can Shibarium Bounce Back?

For now, the network needs a catalyst—whether it's a major protocol update, a spike in DeFi integrations, or yet another wave of retail optimism. Because if there’s one thing crypto loves, it’s a good comeback story—until the next shiny thing distracts everyone.

Shibarium daily transactionShibarium daily transactions New Shibarium Accounts Decline While Active Accounts Increase  The decline in Shibarium network activity was also reflected in the number of new accounts added to the blockchain. According to the data, the number of new accounts on Shibarium dropped to 12 yesterday, representing a 47.82% drop from the previous day's record of 23. For context, new accounts on Shibarium reached a 30-day peak of 752 on August 14.

Shibarium new account metricShibarium new account metric Despite the drop in transaction volume and new accounts yesterday, Shibarium still registered an uptick in active accounts. Notably, the number of active accounts reached 2,752 yesterday, up 30.86% from the previous day’s record of 2,103. 

Shibarium Active Accounts MetricShibarium Active Accounts Metric SHIB Dips Over 3% Amid Broader Market Collapse  The development comes on the heels of a broader market downturn, which pushed SHIB’s price below the $0.000012 region. Even though the token has reclaimed $0.000012, it is still down 3.75% over the past 24 hours. Shiba Inu’s price has also dropped 13.24% over the past month.  The decline in Shibarium’s network activity, particularly its new accounts and transaction volume, highlights how users typically react to broader market conditions.  Shibarium’s Incredible Stats Since Launch   Despite the recent pullback, Shibarium has experienced an incredible performance since its August 2023 mainnet launch. So far, about 288,621 accounts have joined the network, while over 268.25 million wallets have interacted with the blockchain.  It has processed over 1.56 billion transactions since its inception, outperforming several established blockchains, including Cardano, in this metric. Furthermore, roughly 12.74 million blocks have been minted on Shibarium. 

Shiba Inu Shibarium stats