Shibarium, the Ethereum-based Layer-2 scaling solution for Shiba Inu (SHIB), is witnessing stagnated growth.
According to data from the L2 network’s dedicated tracker, Shibariumscan, activities on the SHIB ecosystem are not growing as expected.
Shibarium Account Growth Stagnates
A critical analysis of three notable metrics, namely accounts, transactions, and block trends, shows little progression.
Shibarium accounts grew by about 6,000 between December 2024 and January 2025. At the end of December, Shibarium had 223,136 accounts, which grew to 229,492 in January.
Despite this mild jump, this account growth shows little progression on the charts. Meanwhile, an average of 8,064 accounts were deemed active during this period.
This indicates that Shibarium is experiencing reduced adoption in the broader Ethereum L2 space.
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Analysts also suggest that users might have found alternatives to lower transaction fees among its many rivals in the ecosystem.
However, some observers believe the general performance of Shiba Inu could play a role in the registered uninspiring figures.
SHIB has not breached a critical resistance level during this period in its price climb.
After falling below $0.000025 around mid-December, the token’s rebound efforts have stayed shy of this level.
This is despite deflationary efforts through token burning by the protocol to stabilize price decline.
Transaction Figures Flattens Out
Furthermore, transaction figures on Shibarium have stagnated within the 4 million range, refusing to breach the 5 million milestone.
The number of new transactions has fluctuated between 4,511,553 and 4,771,450 between December 15, 2024, and January 7, 2025.
This points to the lack of comparatively high adoption by new and old users.
Shibarium’s cumulative block count currently stands at 8.847 million from the transactions registered on the network.
This follows the linear growth path that the protocol has maintained over the past year.
The Shibarium chain surpassed the seven-million-block count milestone in September 2024.
Notably, the forecast hints that it might breach the 9 million level shortly if there is a nudge in adoption momentum.
Analysts consider the general cautious outlook in the crypto space as likely to slow the progress or how fast it crosses the milestone.
Notably, Shibarium’s growth and other crucial milestones mirror SHIB’s price. A decline in the price of SHIB impacts the network.
Amid the intensive drawdown, there are expert projections of a rebound soon.
Shiba Inu optimists in the ecosystem have now set a target for $0.000026 if SHIB rebounds.
Shibarium’s Strategic Developments and Future Outlook
Possibly in a bid to galvanize the ecosystem, SHIB developers have launched a major update, the Shibarium Token Repository.
In a post on X, Lucie, SHIB’s Marketing Lead, announced that token owners can add images and information to increase visibility with the unveiling.
This applies to token owners of the Ethereum Sepolia, Shibarium, and Puppynet networks.
With this, each network has its folder for token images, simplifying updates and enabling visibility.
Experts consider this a significant development that could positively impact the user experience in the Shiba Inu ecosystem.
The centralization of token management provides an orderly system for their exposure and positions Shibarium for future development.
Notably, this Shibarium Token Repository is a compliment to the projected launch of TREAT, the proposed Layer-3 solution being developed by the SHIB team.
