Shibarium transactions drop 58.8% in early May amid network upgrade, recovery expected soon

Shibarium, the layer 2 solution for Shiba Inu, experienced a 58.8% drop in transactions in early May due to a server move and chain re-indexing aimed at improving network capacity and stability. Transactions fell from 3,010 on April 30 to 1,240 on May 2. The Shibarium block explorer was rebuilt and synchronization completed, with network activity expected to normalize and transaction volumes to rebound in the coming weeks. Shiba Inu developers continue to work on upgrades, including an AI application and enhanced transaction speeds, signaling potential growth ahead.