Shiba Inu's layer-2 blockchain Shibarium has seen a 122% increase in its daily transaction count even as the network's block explorer has been ongoing reindexing process.
Shibarium experienced a 122% increase in daily transaction count from 786 on September 6, 2026 to 1,750 on September 8, 2026 according to Shibariumscan.
The transactions jumped 122%, signaling a substantial increase in activity on Shibarium, after a sharp drop last week. Still, the spike in transactions must be seen in light of the current technical condition of the explorer.
According to the Shibariumscan homepage, indexing is in process and this could affect explorer statistics. The figures you see during the reindexing phase may not be indicative of actual activity on the blockchain. As stated on the Shibariumscan page, "51% Blocks Indexed—We are currently indexing this chain. Some of the counts may be inaccurate."
Since late 2025, Shibarium has been undergoing massive infrastructure work, including server migration and chain reindexing.
During earlier stages of the process, the Shibarium explorer displayed significantly fewer blocks and transactions than the network had actually processed. Reindexing essentially involves rebuilding the explorer's database so it can accurately capture and display blockchain history.
Shiba Inu price
Shiba Inu fell to a low of $0.00000535 early Wednesday before recovering, as cryptocurrency markets remained focused on inflation data and the Federal Reserve's Sept. 15 to 16 rate decision.
Investors are awaiting a series of economic data releases this week for clues on how the economy is holding up. August producer price index data is scheduled for Thursday, while the consumer price index reading for that month will be released on Friday.
At the time of writing, $SHIB was up 0.35% in the last 24 hours to $0.00000543 and up 6.35% weekly. Since reaching a high of $0.00000558 on September 5, $SHIB has fluctuated between $0.00000534 and $0.00000557, with traders now watching for the next move.