Shibarium Transactions Up 742%: Is Shiba Inu Coming Back?

Shibarium Transactions Up 742%: Is Shiba Inu Coming Back?

On October 26, 2025, Shiba Inu's Layer 2 solution Shibarium recorded a significant increase in daily transactions. According to the latest data from UToday Daily transactions increased by an impressive 742%, totaling 17,270 transactions within the last 24 hours. For comparison: on October 22nd, only 2,050 daily transactions were registered.

Payment flows on the Shibarium platform have shown strong volatility since September 25, with transaction numbers fluctuating between 1,970 and 19,620. A striking pattern as higher transaction numbers were often followed by a rapid decline. This suggests that the use of Shibarium is characterized by snapshots and speculative activities.

Current statistics and market conditions

The overall data from Shibariumscan currently shows impressive numbers: 1,568,611,766 total transactions, 272,707,592 total addresses and 13,753,754 total blocks. Despite this positive news, Shiba Inu has seen a 15% decline in October due to forced sales and various false starts.

Market conditions are increasingly tight, particularly after a liquidation event that wiped out statistics of nearly $20 billion in open interest in October. The fear index for the market has been showing a sense of fear for several days, indicating a predominantly cautious market sentiment. Fundstrat’s Tom Lee commented on this situation, calling the October 10 flash crash the largest liquidation event in the crypto sector in the last five years.

Outlook on the crypto market

Despite the current uncertainties, Lee predicts that the crypto market could see a rebound by the end of the year due to heavy deleveraging. Investors and enthusiasts are watching developments on Shibarium with interest as the platform could potentially be instrumental in the recovery of the Shiba Inu currency.