Shiba Inu: Shibarium Sees Sudden 758% Transaction Drop, What's Behind?

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Shiba Inu layer two, Shibarium , saw a transaction drop in the last few days as indicated by Shibarium explorer, Shibariumscan. The transaction count on the network fell from 7,420 on April 18 to 864 on April 21. Advertisement The transaction drop follows as Shibarium seeks to normalize after recent upgrades both to the network and the explorer. Shibarium recently moved its servers and re-indexed the entire chain in order to improve network capacity, data processing speed, and overall stability. During the upgrade, the Shibarium block explorer was rebuilt from the ground up, and synchronization steadily progressed from 45% to 100%. HOT Stories Trader Who Predicted 700% XRP Rally is 'Cautiously Optimistic' Again; Strategy CEO Issues Bitcoin Teaser as BTC Price Unlocks $96,600 Outlook; Dogecoin Targets 34% Upside with Zero ETF Inflows - Morning Crypto Report Brian Armstrong: New Satoshi Doc is the Best Yet While the re-indexing was underway, the Shibarium explorer showed significantly lower figures than what they were in actual on-chain reality. Now that indexing is done, resetting the explorer should show Shibarium's real activity. Advertisement You Might Also Like Thu, 03/26/2026 - 12:31 Shiba Inu's Shibarium Just Saw 300% Surge in Transactions: Most of Them Are Empty By Arman Shirinyan Once this is done, accurate transaction data, NFT, token balances, and wallet information will be shown. As the explorer data normalizes, Shibarium's true level of network activity is anticipated to become far more visible, with transaction volume and other key metrics returning to their actual levels. SHIB price Cryptocurrencies jumped alongside equities on Wednesday, as macro sentiment bolstered market confidence. The altcoin market was also in green as broader optimism swept across the market. Advertisement You Might Also Like Sun, 04/19/2026 - 09:57 Shiba Inu Surpasses 20,000 Burn Transactions With 41.08% of Supply Burned By Tomiwabold Olajide At the time of writing, Shiba Inu was up 2.65% in the last 24 hours to $0.000006226 and 5.45% weekly. The dog coin is extending its rebound from Sunday's low of $0.00000587 into the third day. Overall crypto futures open interest (OI) has increased by 5.69% in the last 24 hours to $127.4 billion, according to CoinGlass data. Notably, OI increased across major cryptocurrencies, suggesting renewed capital inflows and rising demand for leverage. An increase in crypto futures activity might also suggest scope for further market gains. #Shibarium #Shiba Inu #Shiba Inu (SHIB) News