Shibarium 33% Daily Tx Jump as SHIB Rebounds

Shibarium, Shiba Inu’s Ethereum layer-2, reported a 33% jump in daily transactions to 942 (up from 707 about two days earlier). Network data shows over 1.46B total transactions and 14.5M+ blocks, with an average block time of ~5 seconds. However, daily activity remains below prior highs, with the last 30-day peak at 10,940 transactions (Mar 26, 2026). This lift comes alongside a modest SHIB recovery. SHIB rose from around $0.000005828 to a peak near $0.000006038 and is trading near $0.00000590, while 24h volume increased ~19.7% to about $130M. The report also points to rising “whale” behavior on major exchanges and SHIB tracking Bitcoin strength as BTC reclaimed the $71,000 zone. Separately, Shibarium recently completed a server migration and full chain reindexing, described as infrastructure work that could support further scaling, potentially ahead of Shibarium layer-3 testing that began Mar 21. For traders, the key takeaway is network-usage strength for SHIB rather than a confirmed trend reversal. If Shibarium transaction growth holds while SHIB volume stays elevated, near-term sentiment can improve. If activity slips back under earlier peak ranges, price may revert to a range-bound pattern.