Shibarium Hits Major Milestone, But Daily Transactions Decline

Shiba Inu’s layer-2 blockchain Shibarium has achieved a significant milestone: surpassing 11 million total blocks, indicating continued growth within the Shiba Inu ecosystem. According to Shibariumscan, this milestone represents a remarkable achievement as the network actively processes transactions. However, this progress comes with an unexpected twist: daily transactions on the Shibarium network have experienced a noticeable decline since the start of the week. From a peak of 4.21 million in early May, these transactions have dropped to just 2.76 million in the past 24 hours, signaling a slowdown in activity.