Shibarium's Slow Burn: What Low Activity on Shiba Inu's L2 Means for BONE and SHIB

  • Following years of anticipation, Shiba Inu's Layer-2 (L2) solution Shibarium launched on August 16, 2023. Despite being designed to bring speed, scalability, and reduced costs to SHIB holders, network data shows that Shibarium's daily activity has significantly lagged behind competing L2 networks like Base, Arbitrum, and Optimism.