Shiba Inu: Shibarium Enters May With 58.8% Transaction Drop, Comeback Likely?

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 2 Shibarium saw a decline in transactions at the start of May, dropping nearly 58.8% in the first few days of May. Advertisement According to Shibariumscan , Shibarium transactions fell from 3,010 on April 30 to 1,240 on May 2, a 58.8% decrease. 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 Adam Back Defines Best Defense to Quantum Risk, Ripple CTO Emeritus Shows Rare Support to XRP Meme Coin, Barry Silbert Co-Signs $1,000 Zcash (ZEC) Prediction - Morning Crypto Report Bitcoiners Agree Satoshi’s Coins Must Remain Untouched Shibarium transactions remain below their usual levels, being quite low. As the Shibarium explorer data normalizes in the coming weeks, 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. Advertisement You Might Also Like Fri, 04/10/2026 - 14:03 Shibarium Update: 33% Transaction Jump Registered as Network Activity Rebounds By Godfrey Benjamin Last year, Shiba Inu developers launched a testnet for the Shib Alpha Layer, a modular rollup abstraction layer for ultra-fast transactions, achieving sub-100ms finality and high TPS to power a global network state on the Shibarium network. Fully Homomorphic Encryption (FHE) is anticipated to be integrated into the Shib Alpha Layer rollup stack in an upcoming upgrade to Shibarium. SHIB news Towards the weekend, Shiba Inu lead ambassador Shytoshi Kusama indicated progress in his ongoing endeavor: "Next week, God willing, the wait list for the project will go live. Still working through a few bugs," he said in a tweet. Earlier this year, Kusama revealed work on a new independent AI application focused on relationships. Advertisement You Might Also Like Sun, 05/03/2026 - 11:31 Shiba Inu (SHIB) Inflows Below 1 Billion: Are Bears Exhausted? By Arman Shirinyan In the past week, Shiba Inu was added to Rakuten wallet, boosting its utility in Japan. At the time of writing, SHIB price was down 1.61% in the last 24 hours to $0.000006213. Derivatives data indicate weak conviction with SHIB open interest down 3.93% in the last 24 hours to $58.50 million while volumes remain unchanged, down 0.64% in this timeframe to $75.11 million. #Shibarium #Shiba Inu #Shiba Inu (SHIB) News