Shibarium’s Daily Transactions Drop Below 1,200 as SHIB Faces 95% Price Decline

Shiba Inu’s layer‑2 solution, Shibarium, is under scrutiny after on‑chain analytics revealed declining network activity, modest token burns, and reduced holder acquisition.

With daily transactions now hovering around 1,170, the decline comes amid a near‑flat price for SHIB, which is trading at the low levels last seen in 2021. Investor focus has shifted toward crypto projects tied to artificial intelligence.

Shibarium Network Activity Slows

Recent data from ShibariumScan indicates that activity has cooled significantly compared to expectations at launch.

Since going live, the blockchain has processed over 1.56 billion transactions and generated nearly 270 million wallet addresses. Yet the daily transaction count has fallen sharply to around 1,170.

The slowdown has intensified concerns within the Shiba Inu community.

Token Burns Fail to Meet Expectations

Critics highlight the pace of SHIB burn events. Shibburn data shows approximately 410.84 trillion SHIB have been eliminated, representing roughly 41.08% of the original 1 quadrillion supply.

Burn activity attributable directly to Shibarium remains modest, with about 1 billion SHIB reported burned via the layer‑2 network—below the anticipated boost from the platform.

Recent burn figures indicate around 2.32 million SHIB were removed in the last 24 hours, 19.35 million over the past week, and 110.02 million in the preceding 30 days.

Proponents had expected Shibarium’s ecosystem to accelerate burn volumes through transaction fees, yet current levels fall short of launch expectations.

Holder Growth and Price Linger at Sluggish Levels

Critics also note that wallet growth has plateaued, with SHIB’s holder base hovering near 1.5 million for roughly 18 months.

The token’s price remains pressured, trading around $0.0000054. Over the past week it has slipped 5.5%, 22% over the month, 63% over the year, and approximately 95% below its all‑time high.

The combination of reduced network activity, modest burn rates, static holder growth, and a falling price has led some market participants to question Shibarium’s capacity to become the ecosystem’s anticipated utility engine.

Others remain optimistic that future upgrades, new decentralized applications, additional partnerships, and a broader market recovery could reignite activity.

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