[Shiba Inu collapsed 83.6%: What’s going on? 】
The Shiba Inu (SHIB) ecosystem has faced a major setback recently, with key metrics for its second-tier blockchain Shibarium plummeting. According to data from Shibariumscan, the number of new transactions dropped from 7,161 to 1,172, a decrease of 83.6%; the number of newly generated blocks dropped from 17,210 to 5,742, a decrease of 66.6%.
These data indicate that Shibarium network activity is slowing down, possibly reflecting reduced user interaction and transaction activity. This decline could be due to Shibarium's declining popularity or technical issues.
Despite this, the prices of Shiba Inu tokens SHIB and BONE bucked the trend, growing by 2.2% and 3.16% respectively. This suggests that market sentiment has a greater impact on the value of these tokens than Shibarium’s specific performance.
However, the reasons for the sharp drop in Shibarium's online activity remain unclear and may involve technical challenges or waning interest. These questions are critical to understanding the future development of Shibarium and its role in the Shiba Inu ecosystem.
