Shiba Inu experienced a significant price increase this week, jumping over 35% in a single day and catching the eye of market experts.
While the main network remained active, trading on Shibarium, its layer 2 network, was consistently very low throughout the week.
Shibarium DEX volume drops to $72
Shibarium, the decentralized finance (DeFi) network, has seen a significant decrease in trading volume on its decentralized exchanges (DEXes) following a week of slow performance.
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Shibarium’s trading volume on decentralized exchanges (DEX) dropped significantly last week, falling by 95% to just $72 by Wednesday, July 29th.
Usually, how much trading happens on decentralized exchanges (DEXs) gives you an idea of how active a blockchain network is. But a big decrease in DEX activity on Shibarium suggests very few people are currently swapping tokens or using apps built on that network.
ShibaSwap as sole contributor
As a crypto investor, I’ve noticed a pretty significant drop in trading volume on this network lately. It’s concerning because even some of the popular decentralized exchanges like WoofSwap and DogSwap haven’t seen *any* trades for a full week now.
Despite limited overall activity, data indicates ShibaSwap was the only decentralized exchange (DEX) with any significant use on the Shibarium network this week, processing all $72 in trading volume.
During this time, other decentralized trading platforms on the network – like Shibex, PunkSwap, MARSWAP, and ChewySwap – also saw no trades at all.
After a quick surge in value, Shiba Inu’s price has dropped, and trading activity on its layer 2 network is slowing down. This suggests investors are becoming more careful.
2026-07-29 14:43