Crypto World News: Shibarium (Shiba Inu’s layer-2 network) saw a 75% drop in activity over the past 24 hours. According to ShibariumScan data, daily transactions on July 10 were 5,170, but fell to 1,280 on July 11. Although transaction volume increased by 361% between July 9 and 10, it then dropped quickly again. Shibarium previously experienced a 3,152% surge in transactions in mid-June, with daily transactions jumping from 1,160 to 37,730, but they also fell rapidly afterward. The overall market has entered a calm phase, with many traders reducing on-chain activity and waiting for further catalysts.

SHIB-2.48%
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PuppyLooksAtTvl
· 4h ago
Shibarium’s volatility is too wild—after jumping 361% the day before, it immediately got cut down the next day. L2’s activity really seems to live off market sentiment.
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SeaSaltMarketMakingNotes
· 4h ago
On-chain data has been a roller coaster, and traders have all run away waiting for catalysts—Shibarium needs to figure out how to keep users, not just rely on short-term hype.
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GateUser-d6fb8ff1
· 4h ago
5k fell to 1k—this drop is even harsher than a meme coin. But the 3k% spike back in June was even more outrageous, suggesting that the network itself hasn’t really built up any sustained, real demand.
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