Shibarium transactions jumped 1,583% from March 22 to 26, rising from 650 to 10,940 daily. Whale activity spiked during infrastructure upgrades, including a full-chain reindex and server migration. Automated actions like zero-value BONE transfers and bot-driven smart contracts fueled the surge. Altcoins to watch may include Shiba Inu as network activity normalized to 1,230 transactions by March 27.

Shiba Inu’s layer-2 blockchain, Shibarium, has recorded a dramatic spike in daily transaction volume over the past few days, initially signaling a surge in adoption.-

According to data from Shibariumscan, the Shiba Inu network’s public explorer, activity has gained strong momentum, with daily transactions recently surpassing 10,000. Despite this sharp rise, the underlying data suggest otherwise.

Key Points

• Shibarium’s daily transactions surged over 1,500% in four days, climbing from 650 on March 22 to 10,940 by March 26.
• Unlike typical spikes driven by user activity, the increase was largely fueled by recent infrastructure upgrades.
• The upgrades triggered automated activity, including zero-value BONE transfers and bot-executed smart contract interactions.
• Activity normalized quickly, with transactions dropping to 1,230 by March 27.

Daily Transaction Volume Spikes 1,500%

Previously, Shibarium’s activity had slowed significantly, with the network often processing fewer than 1,000 transactions per day. For instance, on March 22, daily transactions dropped to just 650, marking the lowest level recorded in the past month, according to data from Shibariumscan.

Shortly after, activity rebounded sharply. By March 26, daily transactions had surged to 10,940, marking a staggering 1,583% increase within four days. Although volume quickly cooled to 1,230 by March 27, the sudden spike drew attention across the community, with many interpreting it as a sign of renewed user adoption.

What’s Fueling Shibarium Activity

Typically, a surge of this magnitude points to rising real economic activity. In this case, the increase does not reflect a proportional rise in genuine user engagement.

Over the past month, the network has undergone significant infrastructure upgrades, including a full-chain reindex, a major server migration, and a complete rebuild of its explorer, which is currently about 45% synchronized.

Consequently, these processes have triggered a wave of automated transactions, such as zero-value BONE transfers and smart contract calls generated by bots and system maintenance systems, leading to a spike in transaction volume.

Other Metrics Soar

Moreover, these upgrades have temporarily distorted other key metrics. Before the upgrade began, total transactions and blocks stood at approximately 1.56 billion and over 14 million, respectively.

During the re-indexing process, however, these figures appeared significantly lower, dropping to around 168 million transactions and 2.4 million blocks earlier this week.

Since then, the metrics have started to recover. At press time, total transactions had climbed back to 1.27 billion, while total blocks had reached 13.75 million—still slightly below their pre-upgrade levels.

As the indexing process nears completion, these figures are expected to normalize and more accurately reflect the network’s true historical activity.

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