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Shibarium transactions drop 88% after a brief surge, linked to explorer indexing delays and network upgrades.

Protocol Fundamentals
28 Mar 2026
UToday
View Source
Neutral
pluang ai news

Shibarium, the Layer-2 blockchain for Shiba Inu, experienced an 88.3% drop in transactions within 24 hours, falling from 10,940 to 1,230. This followed a brief 300% surge in transactions the day before, which was largely due to contract calls rather than actual wallet transfers. The decline coincides with ongoing infrastructure upgrades, including a major server migration and chain reindexing, causing incomplete data on the Shibarium explorer. Despite the drop in recorded transactions, the blockchain itself remains stable and operational, with development continuing on Layer-3 projects. This situation has caused some market uncertainty, reflected in a defensive stance among traders and minor price fluctuations in SHIB and its gas token BONE.

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