Why Shiba Inu felt little impact of the Shibarium hardfork
  • New transactions at Shibarium decreased.
  • SHIB has fallen nearly 3% in the past 48 hours.

of Shibariomu A hard fork recently occurred. What was the trend of transactions on the Shiba Inu Layer 2 network after the hard fork? Additionally, did it cause any significant activity for Shiba Inu?

Sibrium hard fork

May 2, Shibariomu Announcing the successful completion of the hard fork, confirmed at block height 4504576.

An announcement from Shiba Inu L2 highlighted that the recent hard fork will impact transaction fees and speeds. Specifically, transaction speeds will be faster and fees will be more predictable.

Trends in major indicators in Shiba Inu L2

When I checked the transaction indicators on Shibarimumu, Total number of transactions Shiba Inu L2 recorded approximately 416 million transactions and approximately 415.5 million completed transactions.

Further investigation showed that new transactions have slowed recently, with the exception of a noticeable increase coinciding with the hard fork announcement, reaching over 23,000 on that day.

At the time of writing, the number of new transactions was 4,837.

New transaction for Shiba Inu Shibarium

Source: Shibarimumu

The number of new accounts is trending flat, with 32 new accounts recorded at the time of this writing.

Additionally, the number of active accounts remains relatively low, with 977 active accounts reported.

Shiba Inu’s active address tendency remains flat

When we analyzed the Shiba Inu’s active addresses over a 7-day period, we found no notable trends. There were active addresses within this period, but the pattern seemed normal.

At the time of writing, the number of active addresses was 30,000. The last notable spike occurred around March, when the number exceeded 100,000 cases.

The trends observed in active addresses for both SHIB and Shibarium, as well as other indicators, suggest that the recent hard fork has had little impact on activity levels.

Shiba Inu active address

Source: Santiment

SHIB’s negative trend continues

AMBCrypto’s analysis of Shiba Inu’s daily price trend reveals a negative trend over the past 48 hours.

The chart shows that the last significant positive trend occurred on May 3rd, coinciding with the date of the Shibarium hard fork.

Realistic or not, the SHIB market capitalization expressed in BTC is as follows:

On this day, the value of SHIB increased by more than 7%, reaching a trading price of approximately $0.0000244.

Shiba Inu price trends

Source: TradingView

However, as of this writing, it is trading at around $0.000241, reflecting a decline of around 1.8%. The stock ended the previous session down more than 1%.

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