Shibarium daily transactions plunged 99.8% to about 9,590 from 4.8 million on Aug. 20, driven by subdued market activity and reduced on-chain trading. Core network statistics remain strong: total transactions exceed 1.56 billion, total addresses surpass 271 million, and blocks top 12.8 million.
99.8% drop in daily transactions: from 4.8M to ~9.6K
Network totals remain robust with 1.566 billion transactions and 271.9 million addresses
Security warnings: verify token sources; there is no official LEASH on Solana
Shibarium transactions fell 99.8% to ~9,590 daily; check network stats and wallet safety. Read the latest on-chain figures and community warnings.
What caused Shibarium daily transactions to drop 99.8%?
Shibarium transactions fell sharply as market participants reduced activity, causing on-chain operations to decline from 4.8 million to roughly 9,590 daily transactions. The fall aligns with lower trading volumes in late August, but cumulative network metrics remain high, indicating prior sustained usage.
How steep was the decline and what are the exact figures?
Daily transactions fell by 99.8% to 9,590, down from a peak of 4.8 million on Aug. 20. Total transaction count stands at 1,566,119,160; total blocks are 12,811,111; and total addresses are 271,936,819, based on Shibariumscan figures reported at press time.
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Despite the daily drop, Shibarium has accumulated large historical totals thanks to earlier high activity. The network celebrated its second anniversary since launching in August 2023, with cumulative metrics reflecting sustained past usage rather than current daily throughput.
Short-term market inactivity and lower trading volume led to fewer transactions. Large declines in daily on-chain activity can follow abrupt shifts in trader behavior and reduce microtransaction traffic.
Yes. Core network indicators—total transactions, addresses and block count—remain high, indicating the protocol and ledger are intact. Users should continue following best security practices for wallets.
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Source: https://en.coinotag.com/shiba-inus-shibarium-may-see-99-8-drop-in-daily-transactions-amid-steady-network-totals-and-scam-warnings/