Shibarium Transaction Activity Plummets 99.8%, Only 9.5K Recorded Today

Shibarium, the Shiba Inu Layer-2 network, has experienced a drastic drop in daily transactions, plummeting to a staggering 99.8% decline. According to Shibariumscan data, only 9,590 transactions were recorded today, marking a significant reversal from the previous peak of 4.8 million on August 20th. This decline coincides with market withdrawal by many individuals who are opting for inactivity rather than making any bold investments.