Shiba Inu Layer-2 network Shibarium witnessed a 99.8% drop as daily transactions reached rare lows.
Shibarium’s daily transactions were 9,590, a far cry from the 4.8 million figure seen on August 20, showing a 99.8% drop, according to data from Shibariumscan.
The decline responds to the inactive trading action in the crypto market seen in late August, with market players remaining on the bystanders.
Despite the reduced amount of daily transactions, shivalium statistics are stable. Shibarium celebrated its second anniversary, and was launched in August 2023, with total transactions exceeding 1.5 billion and addresses exceeding 270 million. The total block is over 12 million.
Currently, the total number of transactions for shibarium is 1,566,119,160. Currently, the total block is 12,811,111, and at the time of press, the total address was 271,936,819, according to ShibariumScan data.
Shiba listens to the news
This week, Asset Manager Valor announced the expansion of its Nordic suite with the launch of eight new SEK religious ETPs, including Shiba Inu, at Sweden’s Spotlight Stock Market.
Recently, the Shiba INU team has stepped up warnings to the SHIB community as coordinated bad actors and networks on fake accounts continue to actively target vulnerable investors. Shib Holders are warned not to get FOMOs on random links. Also, do not connect your wallet without checking the source.
In another warning, the Shiba Inu team repeated that Solana does not have an official leash token or moves to Solana. They also said that the version of tokens that are not found on SHIB’s website is fake and is not part of the Shiba Inu ecosystem.
From this perspective, members of the Shiba Inu community are urged not to engage in such fake tokens and should not do so on informal accounts.
