Shibarium Network Reports New Accounts Below 100 Amid Declining Adoption
The Shibarium network, launched in August 2023 by the Shiba Inu team, is facing challenges in user adoption and market relevance. Key points include:
- New accounts on the Shibarium network have fallen below 100 daily, a decline of over 99% from a peak of 5,111 new accounts on May 6, 2025.
- Active accounts decreased from over 21,000 at the start of May to less than 15,000 mid-month.
- Daily transactions dropped from an average of 3 million to 1.87 million.
- Total addresses holding Shiba Inu tokens declined from 1.4 million to 1.39 million.
- Shiba Inu's price is constrained between $0.000014 and $0.000017, with risks of breaking below support if sell-offs continue.
