The popular blockchain network Shibarium, associated with Shiba Inu, experienced a significant decrease in transaction activity. Based on data from Shibariumscan, there were approximately 242,000 transactions on April 9, which dropped to only around 5,630 transactions the next day (April 10).
Surprisingly, despite a substantial drop in transaction volume for Shibarium, various key indicators within the Shiba Inu ecosystem remained fairly constant. Specifically, the count of active accounts engaging in transactions on Shibarium has stayed around 72,000 over the last five days. Additionally, there has been a noticeable uptick in new account creation, growing from 536 to 626 during this period.
Many are perplexed by the unexpected and significant drop in transactions on Shibarium, leading to questions about what might be behind this change. Some believe it could be due to Shibarium being a new blockchain network, known for its swift expansion and occasional volatility.
According to this theory, the platform’s growth may naturally include fluctuations due to the varied initiatives being introduced on it.
The Shiba Inu network has faced unusual activity before, as indicated by past incidents of erratic transaction volumes. Yet, Shibarium remains robust, with its total amount staked witnessing a significant increase in the more recent past.
Although there might be worries due to the significant drop in transactions, it’s worth mentioning that Shibarium is making good headway. With continuous advancements and increasing investor attention, Shibarium continues to strengthen its standing as a leading layer-2 solution within the blockchain community.
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2024-04-11 15:51