Shibarium, Shiba Inu’s second-layer network, experienced a slow day with few transactions and low fees.
As an analyst, I’ve been monitoring the Shibarium network, and the latest data shows 1,002 transactions occurred in the last 24 hours. These transactions generated just $0.0017 in fees. While there’s definitely some activity happening on the network, these numbers suggest it’s not yet driving significant economic activity or generating substantial fees.
As a researcher tracking the Shibarium Network, I’ve observed that over the last 24 hours, the network generated $0.0017 in transaction fees, equivalent to 0.03 BONE. We also saw a total of 1,002 transactions during that period.
— Shibarium Network (@ShibariumNet) May 5, 2026
Over the past 24 hours, it cost only about $0.0017 (0.03 BONE) to use the Shibarium network, according to a recent update. Looking at transaction details on Shibariumscan, many transactions didn’t involve direct transfers between user wallets and were labeled as having zero BONE value. These were mostly automated processes happening behind the scenes – system-level actions that help run Shibarium’s new features.
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The Shibarium explorer is working to organize its data following a network reset. This reset involved rebuilding the entire chain’s index to increase the network’s ability to handle more activity.
Shibarium, the layer 2 network for Shiba Inu, experienced a drop in transaction activity in early May. The number of transactions decreased by over 60%, falling from 3,010 on April 30th to 1,200 by May 4th.
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 cryptocurrency market is currently doing well, boosted by a more positive outlook for investments in general. Stocks and precious metals are also showing gains, and investors are starting to take more risks with cryptocurrencies.
CoinMarketCap’s indicator suggests the altcoin market is showing signs of recovery after a recent slump, currently scoring a neutral 39 out of 100. Trading activity also indicates that many investors are predicting prices will rise soon.
Shiba Inu’s price has been relatively stable recently, with a brief jump to $0.00000656 on April 29th. Overall, the coin has seen gains on most days since April 20th, experiencing losses on only three days.
Despite a small increase to $0.00000656 on April 29th, traders haven’t been actively buying SHIB, and the price continues to struggle to move above $0.0000064.
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2026-05-05 16:39