Shibarium Plunges 99.8% as Daily Transactions Hit Record Low

Shibarium, the layer-2 network of Shiba Inu (SHIB), has experienced a drastic drop in activity, plummeting by an alarming 99.8%. According to Shibariumscan data, daily transactions have fallen to just 9,590 – a stark contrast to the 4.8 million recorded on August 20th, marking a significant decline. This decline coincides with a lackluster crypto market atmosphere seen in late August, where traders were generally inactive.