The Shiba Inu Layer-2 network, known as Shibarium, has experienced a sharp decline in daily transactions, reflecting the current state of the cryptocurrency market.
Decline in Shibarium Transactions
According to Shibariumscan data, the network is currently recording only 9,590 daily transactions, a significant drop from 4.8 million in August. This 99.8% decrease corresponds with a lack of trading activity in the cryptocurrency market.
Statistics and Achievements of Shibarium
Despite the drop in transaction volume, Shibarium's overall statistics remain stable. The network marked its second anniversary since launching in August 2023, with total transactions exceeding 1.5 billion and addresses surpassing 270 million. As of now, the total transaction count stands at 1,566,119,160, with total blocks at 12,811,111.
Shiba Inu Warnings for the Community
Recently, the Shiba Inu team has intensified warnings to the community regarding scams and networks of fake accounts actively targeting vulnerable investors. SHIB holders are advised not to fall for random links and should verify sources before connecting their wallets. Additionally, it was reiterated that there is no official LEASH token on Solana, and any version found outside the SHIB website is fake.
The state of the Shibarium network and warnings from the Shiba Inu team highlight the importance of vigilance within the community amid a volatile cryptocurrency market.
