Shiba Inu’s layer 2 blockchain, Shibarium, has seen a quiet 24-hour period with transaction activity and network fees at relatively low levels.
In the past day, the Shibarium network had a total of 1,002 transactions, generating $0.0017 in total transaction fees according to a recent tweet by Shibariumnet. Low transaction counts and near-zero fee generation suggest that activity is present but not yet translating into meaningful economic throughput.
Shibarium Network transaction fees earned in the last 24 hours:
.03 $BONE ($0.0017)
Total transactions:
1,002
— Shibarium Network (@ShibariumNet) May 5, 2026
Network fees for Shibarium came in at 0.03 BONE, a meager $0.0017 in the last 24 hours, the tweet indicated. As seen on Shibariumscan, recent transactions had the label “Value 0 BONE,” indicating they were not direct wallet transfers. Most of the transactions are system-level, representing automated contract calls that support Shibarium’s new infrastructure.
This comes as the Shibarium explorer seeks to normalize its data after a network reset. Shibarium re-indexed its entire chain in order to improve network capacity.
As reported, Shiba Inu layer 2 Shibarium saw a decline in transactions at the start of May. Transactions fell from 3,010 on April 30 to 1,200 on May 4, a 60.13% decrease.
$SHIB price
At the time of writing, $SHIB was up 1.53% in the last 24 hours to $0.00000628 and up 3.04% weekly.
The crypto market is currently in a buoyant mood as broader risk sentiment has improved with equities and metals edging higher and traders rotating toward more speculative crypto bets.
CoinMarketCap’s altcoin season indicator is at 39/100, showing neutral but improving sentiment towards the sector following several months of downtrend. Options markets are showing a flurry of action with bets on higher prices in the days ahead.
Shiba Inu volatility remains quiet, save for a sharp surge to $0.00000656 on April 29. The positive aspect is that Shiba Inu closed most of the days since April 20 with gains, having only three days of losses since that day.
However, traders were not buying much, given that the price action remains stuck below $0.0000064, with $SHIB not being able to surpass this price level despite a brief trip to $0.00000656 on April 29.
