Shibarium, the Shiba Inu (SHIB) layer-2 blockchain, has again lost its recovery momentum about a week after it registered a 742% surge. As October winds down, the popular "Uptober," widely anticipated to trigger a recovery for the Shiba Inu ecosystem, has recorded one of the worst performances.

Shibarium's daily transactions plunge to historic lows

Shibariumscan data shows that the daily transaction count is at a historical low, with figures plunging below 3,000. As of Oct. 29, Shibarium only recorded 2,980 daily transactions. This signals that users have withdrawn from engaging with the layer 2 despite assurances from the SHIB team.

In the last 35 days, Shibarium transactions have fluctuated within a narrow range below the 20,000 count. This represents a massive slip from the 2-3 million range it recorded in the month before its current underperformance.

In July, for instance, Shibarium logged 4.18 million as the daily transaction count. Those were times when the transaction count was experiencing a massive boost due to increased engagement from users.

The highest peak it hit in the month of October was 19,620 transactions, on Oct. 14, 2025. The development has left many disappointed, considering that Shibarium was doing well and hitting significant milestones in terms of daily transactions and block count.

You Might Also Like
Thu, 10/30/2025 - 13:30 Shiba Inu Team Breaks Silence on $1.7 Trillion Asset Manager ETF InclusionByTomiwabold Olajide

Currently, total transactions remain at 1,568,663,119 from 272,722,133 addresses. The total blocks on Shibarium stand at 13,855,690 with an average block time of 5.0 seconds.

Uptober disappoints as SHIB price and engagement slide

In the broader cryptocurrency space, Shiba Inu has also slipped by a significant 19.26% in the last 30 days. In a month historically regarded as bullish for the meme coin, SHIB added a zero, further complicating things for investors.

As of press time, Shiba Inu is changing hands at $0.000009887, which represents a 1.01% decline in the last 24 hours. The trading volume has declined by 10.85% to $196.07 million within the same time frame.

SHIB investors do not appear excited to accumulate the asset as uncertainty persists both in the crypto space and the broader financial world.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。