🚀Shibarium, Shiba Inu's Layer2 solution, has hit a rough patch with daily blocks and transactions dropping over 50%. But hey, every cloud has a silver lining, right?🌤️

• Shibarium's new blocks processed on July 2 were 5,740, a 70% decline from the previous day's 17,214.

• Daily transactions also dipped from 14,000 on June 30 to around 6,000 two days later.

Despite the dip, remember Shibarium's goal: to elevate Shiba Inu above its meme coin rivals by lowering transaction costs, improving speed, and enhancing scalability.

• The protocol has seen two key upgrades recently, including a new user interface and a hard fort to improve user experience and speed up block processing times.

Meanwhile, SHIB's burn rate has surged due to market volatility, with the token's price down 1.3% in the past 24 hours and 4% over the week.

What are your thoughts on these developments? Share in the comments!👇 #DeFi #Layer2 #Shibarium #ShibaInu