Shiba Inu’s Shibarium May See 99.8% Drop in Daily Transactions Amid Steady Network Totals and Scam Warnings

• 99.8% drop in daily transactions: from 4.8M to ~9.6K

• Network totals remain robust with 1.566 billion transactions and 271.9 million addresses

• Security warnings: verify token sources; there is no official LEASH on Solana

Shibarium transactions fell 99.8% to ~9,590 daily; check network stats and wallet safety. Read the latest on-chain figures and community warnings.

What caused Shibarium daily transactions to drop 99.8%?

Shibarium transactions fell sharply as market participants reduced activity, causing on-chain operations to decline from 4.8 million to roughly 9,590 daily transactions. The fall aligns with lower trading volumes in late August, but cumulative network metrics remain high, indicating prior sustained usage.

How steep was the decline and what are the exact figures?

Daily transactions fell by 99.8% to 9,590, down from a peak of 4.8 million on Aug. 20. Total transaction count stands at 1,566,119,160; total blocks are 12,811,111; and total addresses are 271,936,819, based on Shibariumscan figures reported at press time.

Why do total network figures still look strong?

Despite the daily drop, Shibarium has accumulated large historical totals thanks to earlier high activity. The network celebrated its second anniversary since launching in August 2023, with cumulative metrics reflecting sustained past usage rather than current daily throughput.

Frequently Asked Questions

Why did Shibarium transactions collapse so quickly?

Short-term market inactivity and lower trading volume led to fewer transactions. Large declines in daily on-chain activity can follow abrupt shifts in trader behavior and reduce microtransaction traffic.

Is Shibarium still secure despite fewer transactions?

Yes. Core network indicators—total transactions, addresses and block count—remain high, indicating the protocol and ledger are intact. Users should continue following best security practices for wallets.

How can users protect themselves from fake tokens and scams?

Verify token contracts against the official Shiba Inu website and project announcements before interacting. Never connect wallets to untrusted links or unknown dApps, and avoid migrating tokens unless instructions come from verified project channels.

Shiba Inu news

Asset manager Valour expanded its Nordic product suite with eight new SEK-denominated ETPs, including a Shiba Inu listing on Sweden’s Spotlight Stock Market. This product expansion reflects institutional interest in tokenized exposure across Nordic markets.

The Shiba Inu team has issued repeated warnings about coordinated scams and fake accounts targeting the SHIB community. Holders are advised not to FOMO into unknown links and never to connect wallets without confirming the source.

The team also reiterated that there is no official LEASH token on Solana and no migration to Solana; any token versions not listed on the official Shiba Inu website are fake and not part of the Shiba Inu ecosystem.

Key Takeaways

• Massive daily drop: Shibarium daily transactions fell 99.8% to about 9,590.
• Historic strength: Total transactions (1.566B), addresses (271.9M), and blocks (12.8M) remain substantial.
• Security priority: Verify contracts and avoid unknown links; no official LEASH on Solana.

Conclusion

Shibarium saw a pronounced short-term decline in daily transactions, but its cumulative on-chain metrics underscore prior network scale. Investors and users should prioritize security, verify token sources, and monitor official COINOTAG and Shiba Inu communications for updates. Stay cautious and check on-chain data before interacting with tokens.