Whopping 97% Transaction Count Plunge Faced By Shibarium, What’s Happening?

Shibarium, the Layer-2 blockchain for Shiba Inu, has seen a drastic plunge in transaction activity for almost a month. This coincides with a decrease in the SHIB burn rate. However, the overall number of transactions continues to grow slowly. The recent launch of a new version of the ShibaSwap DEX and its bridging to Shibarium from Ethereum may explain the low activity. The official marketing lead of the SHIB team, Lucie, tested the Grok AI bot about the DEX launch, which provided a humorous breakdown of the move.