Shibarium, the layer 2 network built for the Shiba Inu ecosystem, recorded just 659 daily transactions in the past 24 hours, marking its lowest activity since September 20, 2026. Data from Shibariumscan indicated a drop from 2,280 transactions reported on October 15, 2026, and a sharp fall compared to 5,710 transactions on October 6, 2026.
Network activity and usage trends
The significant decline in daily transactions signals a period of reduced overall engagement on the Shibarium network after earlier growth in September. While transaction counts provide insight into usage, they do not fully represent all forms of participation in Shibarium’s ecosystem, such as contract deployment or developer projects.
A notice on Shibariumscan clarified that “59% Blocks Indexed – We’re indexing this chain right now. Some of the counts may be inaccurate.”
Ongoing upgrades and new integrations
Despite the slowdown in transactions, Shibarium continues to roll out technical updates. Community participant Mazrael reported that CreateX, a tool enabling developers to deploy smart contracts at the same address across multiple blockchains, is now operational on Shibarium. This addition is expected to streamline multi-chain integration for developers.
Mini dictionary: CreateX, a development standard that allows smart contracts to be deployed at identical addresses on different blockchains, simplifying the process of launching multi-chain apps.
Additionally, all twelve contracts for the Safe protocol’s v1.4.1 update have been deployed at canonical addresses using the Safe Singleton Factory contract. This move ensures consistency and enhanced security for smart contract interactions on the Shibarium network.
Mini dictionary: Safe Singleton Factory, a contract factory that deploys smart contracts at predictable addresses using a standard protocol, often used for wallet and infrastructure contracts.
Meanwhile, integration of the x402 protocol has gone live, introducing two payment options for network services: ‘exact’, which charges a fixed amount, and ‘up to’, permitting users to pay up to a specified limit. This setup is designed for metered APIs and artificial intelligence agents, allowing payments in SHIB, TREAT, or wrapped BONE tokens.
SHIB holder growth and price trends
Despite the reduced network activity, Shiba Inu is growing its base of token holders. The official SHIB X account cited Etherscan data, noting an increase of 2,495 holders during October. This expansion has occurred despite overall cautious sentiment across crypto markets recently.
The rising holder count suggests continued appeal for Shiba Inu, though it remains uncertain whether this will drive higher demand for the token over the coming weeks.
| Date | Shibarium Daily Transactions | SHIB Price (last 24h) | SHIB Holders Added in October |
|---|---|---|---|
| Oct 6, 2026 | 5,710 | – | – |
| Oct 15, 2026 | 2,280 | – | 2,495 (Oct) |
| Oct 17, 2026 | 659 | $0.00000488 | – |
At press time, SHIB traded at $0.00000488, reflecting a 2.98% decline over the past 24 hours and a 10.13% decrease over the preceding week.
