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Home»Altcoins»Shibarium Transactions Drop From 1.56 Billion to 475 Million, But Here’s What Happened
Altcoins

Shibarium Transactions Drop From 1.56 Billion to 475 Million, But Here’s What Happened

NBTCBy NBTC10/09/2026No Comments3 Mins Read
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The Shiba Inu community was caught off guard after Shibariumscan displayed a dramatic decline in Shibarium’s cumulative network statistics.

As of August 10, 2026, Shibariumscan showed that Shibarium, Shiba Inu’s Layer-2 blockchain, had processed 1,561,410,803 (1.56 billion) transactions since its launch in August 2023. The network had recorded about 269.93 million addresses and 18.47 million blocks at the time of that reporting.

However, those figures changed dramatically this week. At press time, Shibariumscan showed just 475,388,775 transactions, representing a 69.55% decline from the previously reported figure.

Meanwhile, the explorer also recorded sharp declines in other cumulative metrics. Total addresses fell to 71.3 million, while total blocks dropped to around 7.91 million.

Shiba Inu Activity Crashes on Shibariumscan

Notably, the sudden decline sparked concern among Shiba Inu community members. Many questioned whether Shibarium had experienced a major technical problem or whether the network had somehow lost a significant portion of its historical transaction data.

Main Cause of the Decline

However, the dramatic drop appears to stem from Shibariumscan’s indexing process rather than an actual loss of blockchain activity.

Longtime Shiba Inu community member Mazrael provided insight into the situation through an X post. In an August 12 update, he revealed that Shibariumscan had returned online and resumed indexing the Shibarium blockchain.

According to Mazrael, the outage occurred after Shibariumscan moved behind Cloudflare, which triggered a DNS change. Specifically, the configuration shifted from direct Hetzner hosting to Cloudflare proxying.

Furthermore, Mazrael noted that the restored website initially appeared as a basic deployment without its original Shibarium branding and configuration. This suggested that the explorer was still undergoing restoration and synchronization.

Mazrael also linked a registrar-related change observed on August 11 at 19:15 to the same restoration operation. He explained that the Shibarium domain remained healthy and was not facing an expiration problem. The domain is set to expire on August 1, 2027, while all four transfer locks remain enabled.

Shibariumscan Is Still Rebuilding Its Data

Meanwhile, Shibariumscan has not finished indexing the Shibarium blockchain. The explorer is currently around 42% indexed, meaning a significant portion of the network’s historical data has yet to be processed and reflected in its displayed statistics.

Consequently, Shibariumscan currently reports 475 million transactions, compared with the 1.56 billion transactions it displayed before the outage.

Shibariumscan Still Indexing

As Shibariumscan continues indexing the blockchain, its cumulative statistics should gradually increase. Once the indexing process reaches 100%, the transaction count is expected to return to approximately 1.56 billion. Similarly, the total address and block counts should move back toward their previous levels of roughly 269 million addresses and 18 million blocks. However, it remains uncertain when Shibariumscan will complete the indexing.

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NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

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