Shiba Inu's Shibarium Struggles as New Account Creation Falls Below 100

Since its much-awaited release in August 2023, Shibarium, the Ethereum Layer 2 network by the Shiba Inu (SHIB) community, has been under increasing strain. Previously sustained by high levels of community engagement and launch momentum, the network is now seeing sharp declines in user traction and activity, with new account creation falling to new records.

New Accounts Shibarium’s account levels are dropping below 100.

Adding fewer than 100 new accounts per day to Shibarium is a big contrast to the scalable growth experienced in the past. The number of new accounts is a clear way to see how fast users are adopting the network: with fewer new accounts the network grows more slowly.

This is nearly the opposite situation seen on May 6, 2025 which saw more than 5,000 accounts created in just a single day. Just ten years later, new Shiba Inus are being released at a rate that is more than ninety-nine percent less, proving it has gone from producing more than two hundred a day before to a current rate of almost 100.

Overall network activity has reflected this fall. Daily active accounts have fallen from 21,000+ at the beginning of May to below 15,000, and daily transactions have fallen from an average of 3 million to as low as 1.87 million as of Tuesday.

SHIB Token Faces Bearish Pressure

The poor performance of Shibarium is also being experienced in the Shiba Inu (SHIB) ecosystem. On-chain data provided by IntoTheBlock shows a drop in the number of SHIB-holding addresses from 1.4 million to 1.39 million. Even though the decline is small, it suggests investors are picking out their funds and interest is declining.

SHIB is also stuck in a range price-wise, between $0.000014 and $0.000017. Since fear is mainly driving trading, the market could dip below its key support at $0.000014 if the sell-off continues.

Its chances of growing will benefit from how quickly it updates, the energy of its supporters and the way it stacks up to other networks building on the Ethereum blockchain.

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