Shibarium Daily Transactions Drop to 659, Lowest Since September 20

From 5,710 to 659

Shibarium, the layer-2 network built around Shiba Inu (SHIB), logged just 659 daily transactions in the 24 hours to October 17, 2026, the weakest count since September 20, according to the Shibariumscan explorer. Its counter showed 2,280 transactions on October 15 before the figure slid further, and the decline looks steeper still against the October 6 peak of 5,710 transactions. Daily counts had built steadily through September and into early October, so the reversal to 659 took roughly ten days. A caveat sits on the explorer page itself: only 59% of blocks are indexed so far, and the site warns that some counts may be inaccurate while the chain is still being processed. Shibariumscan states that indexing is ongoing and that certain counters can show inconsistencies, which means short-term figures can drift from the eventual total. Transaction count is one lens on network usage, but it does not capture every form of ecosystem participation, so the low print should not be read as the full picture of the ecosystem. What the print does show is the direction. The activity slowdown arrives with the market side already soft: SHIB, one of the most widely held memecoin assets, lost 2.98% in 24 hours to $0.00000488 and sits 10.13% lower across the week, a weekly drawdown deeper than the daily one, which points to persistent selling rather than a single pressured session. The slide extends a pattern from earlier in October, when SHIB defended $0.00000500 while trading volume thinned. For the Shiba Inu ecosystem, weak network usage and a falling price are landing together.

CreateX, Safe and x402 Go Live

Usage has cooled, yet the network's developer tooling has been quietly widening. Mazrael, a long-time member of the SHIB community and one of the most consistent voices tracking Shibarium's infrastructure rollout, confirmed that CreateX is now live on the network. Mazrael added that the deployment makes multi-chain contract distribution on Shibarium significantly easier. CreateX is a contract factory that lets developers deploy smart contracts at one identical address across every chain, removing a layer of coordination work for teams that ship on multiple networks at once. The same applies whether the target environment is a layer-1 protocol or a layer-3 network, which widens the range of applications that can anchor on Shibarium. Custody infrastructure moved in a separate step: all 12 contracts of Safe v1.4.1 were placed at their canonical addresses through the Safe Singleton Factory. Safe is best known as the multisig wallet infrastructure used for joint management of digital assets, and the standard-address deployment gives developers and institutional users a fixed point to build against. Payments tooling followed. x402 is fully live on the network with two modes, exact for a fixed price and up to for payments capped at a set limit, built for metered API services and AI agents that need per-call payment, with settlement accepted in SHIB, TREAT or wrapped BONE, an arrangement that resembles early PayFi rails. Holder growth pointed the other way from the transaction count: figures shared by Etherscan's SHIB X account show the token gained 2,495 new holders in October, even as expansion across the broader cryptocurrency market stayed relatively muted. Whether those new wallets turn into genuine demand is the question the rest of the month will answer.

Tooling Up While Usage Cools

Our reading is that the two threads should not be weighted the same way. Daily transaction counts capture only one slice of participation, and the 59% indexing warning means the 659 reading could still move as the chain finishes syncing. The holder record carries more weight: adding 2,495 wallets in a month when the price fell 10.13% points to accumulation at the wallet level, and it fits with our earlier reporting that exchange reserves slid to 87.06 trillion SHIB while selling pressure eased, and that whales defended $3 billion support with a 51 billion token withdrawal. Payment infrastructure typically shows its effect with a lag, once services integrate and agents start transacting. If the new rails pull recurring AI-agent traffic, the first place a recovery should appear is the daily transaction count, since agent payments settle as on-chain calls. Until that happens, the 659 count is where Shibarium usage stands.