The bearish trend in the wider cryptocurrency market has led to a decrease in activity on Shibarium, the blockchain for Shiba Inu. Prices for Shiba Inu and other Shiba Inu ecosystem tokens have experienced significant declines, causing a decline in Shibarium's transaction volume. Daily transaction counts have dropped from over 4 million to 151,090. Despite the low activity, Shibarium is approaching a milestone of 1 billion transactions since its launch in August 2023, which would put it alongside other leading blockchains like Ethereum and Solana. Shibarium has seen a total of 35.42 million wallet addresses and currently has 240,573 accounts, with only 184 active.



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