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Shiba Inu’s layer 2 network, Shibarium, saw a sharp decline in transactions at the start of May, with activity dropping nearly 58.8% over the first few days of the month.
According to Shibariumscan, Shibarium transactions fell from 3,010 on April 30 to 1,240 on May 2, representing a 58.8% decrease.
Shibarium recently moved its servers and re-indexed the entire chain to improve network capacity, data processing speed, and overall stability.
As part of the upgrade, the Shibarium block explorer was rebuilt from the ground up, with synchronization progressing from 45% to 100%.
Transaction levels remain below usual. The article notes that as the Shibarium explorer data normalizes in the coming weeks, the network’s true activity level is expected to become clearer, with transaction volume and other key metrics returning to their actual levels.
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