According to external sources, almost three years after the Shiba Inu ecological 2nd layer of the Shibarium network went online, there was no significant increase in chain activity. According to the article, this weakened previous expectations of the market to drive SHIB to destroy and improve price performance, and also reflected the weakening of the meme currency narrative for additional funding.
Shibarium trading activity has fallen
The report mentions a significant decrease in the number of users who have recently initiated transactions on Shibarium. When the network was launched in August 2023, it was seen as an important extension of the SHIB ecology, which was once expected to be destroyed through the use of scene-driven coins in the chain and to support prices.
However, from the top line until June 2026, the Shibarium cumulatively destroyed more than 1 billion SHIBs. This progress is clearly weak compared to the early expectations of communities for the destruction of trillions of coins. According to this article, the failure of the network to sustain growth is a direct cause of limited destruction.
Long-term stagnation of holder size
The number of SHIB holders is not significantly expanded, except in terms of chain activity. According to the report, this number has remained around 1.5 million for the past 18 months, without further breakthroughs.
According to the article, this is an indication that new funds and first-time buyers to SHIB are not active. For meme currencies that are highly dependent on emotional and communication effects, the lack of new participants often means that both the heat of the transaction and the price elasticity will diminish.
The money's moving to the AI and other tracks.
The review also mentions that market funds have been more focused in recent years on the direction of practical use, and that part of the money that originally went to meme is shifting to topics such as AI. According to this article, SHIB ' s difficulties are increasing if it is to have a visible rebound in the short term.
However, the evolution of bitcoin, AI financial diversion and institutional capital outflows in the text is more in the author ' s judgement and does not provide new data or clear incident support. According to the disclosed information, the slow-down of Shibarium activity, the limited destruction scale and the stagnation of the holder ' s growth remain central to the article.