Shibarium Enters May With 58.8% Transaction Drop After Server Move And Explorer Rebuild

Shiba Inu’s Shibarium entered May with a sharp fall in transactions, according to Shibariumscan data cited in a Bitget report.

“Cryptocurrency began in part as an answer to the missteps and abuses of banks during the 2008 financial crisis, but despite existing almost two decades and capturing wide attention, the public hasn't been sold on that point and still favors the traditional financial system for their financial access, according to new polling commissioned by CoinDesk”

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The article says Shibarium transactions fell from 3,010 on April 30 to 1,240 on May 2, a 58.8% decrease.

@coindesk

It attributes the decline to a network change, saying Shibarium “recently moved its servers and re-indexed the entire chain in order to improve network capacity, data processing speed, and overall stability.”

During the upgrade, the report says the Shibarium block explorer was “rebuilt from the ground up,” and that synchronization progressed “from 45% to 100%.”

The Bitget piece adds that Shibarium transactions remain “below their usual levels,” and frames the drop as something that should become clearer once “the Shibarium explorer data normalizes in the coming weeks.”

It also connects Shibarium’s roadmap to earlier development work, saying “Last year, Shiba Inu developers launched a testnet for the Shib Alpha Layer” and that it achieved “sub-100ms finality and high TPS.”

The same Bitget article states that “Fully Homomorphic Encryption (FHE) is anticipated to be integrated into the Shib Alpha Layer rollup stack in an upcoming upgrade to Shibarium.”

Beyond the transaction drop, the Bitget report also points to activity around Shiba Inu’s leadership and product plans.

It says “Towards the weekend, Shiba Inu lead ambassador Shytoshi Kusama indicated progress in his ongoing endeavor,” and it quotes Kusama’s message about a wait list: “Next week, God willing, the wait list for the project will go live. Still working through a few bugs.”

CoinDesk

The same article says that “Earlier this year, Kusama revealed work on a new independent AI application focused on relationships.”

It then ties Shiba Inu’s ecosystem to a specific distribution channel in Japan, stating that “In the past week, Shiba Inu was added to Rakuten wallet, boosting its utility in Japan.”

The Bitget piece also includes market and derivatives figures for SHIB, stating that “At the time of writing, $SHIB price was down 1.61% in the last 24 hours to $0.000006213.”

It further reports that “Derivatives data indicate weak conviction with $SHIB open interest down 3.93% in the last 24 hours to $58.50 million while volumes remain unchanged, down 0.64% in this timeframe to $75.11 million.”

The article’s framing links these numbers to the expectation that “As the Shibarium explorer data normalizes in the coming weeks, Shibarium's true level of network activity is anticipated to become far more visible.”

While the Bitget report focuses on Shiba Inu and Shibarium, CoinDesk’s coverage highlights a different tone in bitcoin commentary, centering on Eric Trump’s remarks at Bitcoin Las Vegas 2026.

“Eric Trump says bitcoin is in its 'best period in history' as Wall Street aligns”

CoinDesk

CoinDesk says Eric Trump told the audience that bitcoin is in its “best period in history” and that “the last six months have been a turning point.”

The article reports that the American Bitcoin (ABTC) cofounder and chief strategist said, “What bitcoin has achieved in the last six months versus the previous three years is transformative,” and added, “We are in the best period I've ever seen in my life.”

It also quotes Trump’s view that “People aren't selling it. People are holding onto it. Bitcoin is becoming persistent,” and links this to “the limited supply and rising demand from both institutions and sovereign governments.”

CoinDesk’s account says moderator Eric Balchunas, senior ETF analyst at Bloomberg, framed the shift through the ETF market, saying bitcoin ETFs have been among “the most successful product launches in the instrument's history.”

The CoinDesk piece also includes Trump’s own line about volatility, quoting, “I'm going to weather the volatility,” and adding, “We'll see who wins over a ten-year period.”

In the same CoinDesk text, it states that Trump pointed to “record ETF launches, corporate treasuries, and major banks now offering bitcoin-backed mortgages.”

CoinDesk’s polling coverage adds a contrasting picture of public sentiment toward crypto, emphasizing that Americans still prefer banks for financial access.

The CoinDesk article says cryptocurrency began “in part as an answer to the missteps and abuses of banks during the 2008 financial crisis,” but that “the public hasn't been sold on that point and still favors the traditional financial system for their financial access.”

CoinDesk

It reports that when asked which they trusted more between banks and crypto for financial inclusion, “65% of respondents to an online survey said banks and only 5% favored crypto.”

The same piece says “Though slightly more than half (52%) agree that the movement is more than a passing fad,” but “60% think crypto will be a mostly negative force in the economy.”

CoinDesk ties the survey to politics, saying it was commissioned by CoinDesk and that it surveyed “1,000 randomly selected U.S. voters surveyed last week by research firm Public Opinion Strategies.”

The article also states that the survey is meant to get a snapshot of public sentiment as crypto and artificial intelligence issues wind their way through Congress and “the political campaigns that are steaming toward this year's congressional midterm elections.”

It reports that “more than half (53%) getting a less favorable impression of the industry in recent news coverage,” and that “About one in four people say they've invested in crypto (27%),” while “only 2% say they have more than $10,000 in digital assets.”

CoinDesk’s polling article also describes how distrust intersects with regulation and legislative timing, including the Senate’s Digital Asset Market Clarity Act.

“Bitget App Trade smarter Buy cryptoMarketsTradeFuturesEarnSquareMore Bitget News Markets Shiba Inu: Shibarium Enters May With 58”

Bitget

The piece says “The crypto industry has pinned hopes on its eventual inclusion in the U.S. system of financial regulation to lend it wider acceptance,” and that this depends on “a sharply divided Congress and the sedate timeline of federal regulators like the Securities and Exchange Commission.”

@coindesk

It reports that “Still, key regulators appointed by crypto-cheering President Donald Trump have pledged to move as quickly as possible to bring digital assets into the mainstream.”

The article also says “key senators have suggested the Clarity Act will finally get the hearing it needs in May, keeping it potentially viable for 2026 passage.”

CoinDesk frames the political environment as delicate for the industry, stating that “Banks have argued that stablecoin rewards could compete directly with their own interest-bearing deposit accounts and threaten a migration that could strangle U.S. lending.”

It adds that “So far, their argument stalled the Clarity Act for months, though the latest signs suggest the bill may start moving again in the coming days.”

The same CoinDesk text concludes with a broader technology comparison, stating “Overall, 55% think the risks of AI technology outweigh its benefits,” while “owners of crypto are also much more likely to support the benefits of AI, with 64% saying its pursuit is worth the risks.”