In May’s rattling beginning, Shibarium-the cheeky Shiba Inu‘s layer-two-took a dramatic tumble, with transactions dropping a hefty 58.8% in the early days of May.
Shibariumscan, that nosy neighbor with a clipboard, logs the wobble from 3,010 on April 30 down to 1,240 on May 2-58.8% lower, with a flourish.
To spruce things up, Shibarium shuffled its servers and re-indexed the entire chain, hoping for bigger capacity, speed, and a sturdier spine. The block explorer was rebuilt from the ground up, and synchronization merrily marched from 45% to a sparkling 100%.
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Shibarium transactions still snooze a touch below their usual bustle. As the explorer settles into its newly polished rhythm, the true level of network activity should peek out from behind the curtains in the coming weeks, with transaction volume and other key metrics returning to their true levels.
Last year, Shiba Inu developers launched a testnet for the Shib Alpha Layer, a modular rollup abstraction layer for ultra-fast transactions, achieving sub-100ms finality and high TPS to power a global network state on the Shibarium network. Fully Homomorphic Encryption (FHE) is anticipated to be integrated into the Shib Alpha Layer rollup stack in an upcoming upgrade to Shibarium.
SHIB news
Toward the weekend, Shiba Inu lead ambassador Shytoshi Kusama signaled progress with, as he put it, “Next week, God willing, the wait list for the project will go live. Still working through a few bugs.” Earlier this year, Kusama revealed work on a new independent AI application focused on relationships.
In the past week, Shiba Inu was added to Rakuten Wallet, boosting its jaunty utility in Japan.
At the time of writing, SHIB price was down 1.61% in the last 24 hours to $0.000006213. Derivatives data show a bit of jitters, with SHIB open interest down 3.93% in the last 24 hours to $58.50 million while volumes remain stubbornly unchanged, down 0.64% to $75.11 million.
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2026-05-03 18:44