Shiba Inu’s Layer-2 network, Shibarium, has experienced a sharp decline in activity this week. Daily transactions have plunged over 99%, from approximately 4 million on August 23 to just 10,000 on August 29 before edging back up to around 30,000 on August 30. This dramatic drop has coincided with a decrease in SHIB burn rate, as only 220,504 tokens were burned in the past 24 hours, representing an 80.32% reduction from previous levels. 24-hour trading volume for SHIB has remained relatively flat at around $0.00001234, down 7.7% week over week. While traders remain cautious about the future of the token and its impact on prices, experts suggest the decline in activity may have a ripple effect on liquidity conditions.