Shiba Inu Network, Transaction Plunge..."The Real Test Comes After Data Normalization"

▲ Shiba Inu (SHIB)

Shibarium, the Layer 2 network of Shiba Inu (SHIB), has seen a sharp decline in transactions due to the aftermath of server migration and re-indexing work. However, it is laying the groundwork for a major counterattack through technological advancement and ecosystem expansion.

According to U.Today, a cryptocurrency specialized media outlet, on May 3 (local time), Shibarium's transaction volume, as per Shibariumscan data, decreased by 58.8% from 3,010 transactions on April 30 to 1,240 transactions on May 2. This is a temporary phenomenon that occurred during the server migration and full chain re-indexing process aimed at increasing network capacity and improving data processing speed. The development team rebuilt the block explorer from scratch and secured stability by raising the synchronization rate from 45% to 100%.

Currently, Shibarium's transaction figures are lower than usual, but actual activity is expected to become clear within the next few weeks as data normalization proceeds. Last year, the Shiba Inu development team launched the Shib Alpha Layer Testnet, a modular rollup abstraction layer that supports ultra-fast transactions. Future upgrades plan to integrate fully homomorphic encryption technology into this rollup stack to enhance security.

Shytoshi Kusama, the lead developer and ambassador of the ecosystem, is also raising community expectations by sharing the progress of new projects. Ambassador Kusama announced via X (formerly Twitter) that "the project waiting list will be released next week, and we are currently fixing some bugs." Earlier this year, Ambassador Kusama hinted at the platform's evolution by announcing the development of a standalone AI application focused on human relationships.

Shiba Inu's practical utility expansion is also accelerating, primarily in the Japanese market. Over the past week, Shiba Inu was listed on Rakuten Wallet, a major Japanese virtual asset exchange, increasing accessibility for local investors. This is considered a milestone that will solidify Shiba Inu's position as a global network while increasing real-world use cases.

With the normalization of technical indicators and the launch of new projects, the Shibarium ecosystem is ready to enter a new growth phase. As exchange listing news, along with the concretization of AI and privacy technology adoption, the construction of a network in the form of a vast digital nation is becoming visible. Investors are closely monitoring the upcoming project waiting list and Shibarium's activity recovery, taking action in the market.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*