Shiba Inu (SHIB) traded largely sideways Friday as the broader crypto market remained volatile, extending its weekly decline to nearly 7% amid persistent selling pressure.
However, Shibarium, the Ethereum layer-2 network, briefly showed signs of stronger activity as daily transactions jumped sharply before quickly falling back, suggesting the surge may have been temporary.
According to Shibariumscan data, daily transactions climbed from 738 on August 8 to 4,480 on August 9. That represented a 507% increase and marked Shibarium’s strongest daily transaction count in roughly a month.
The jump initially appeared significant because higher transaction activity can indicate increased network usage. However, the surge failed to maintain its pace.
By August 10, daily transactions had dropped to 831. That figure was only slightly above the level recorded before the spike, effectively erasing most of the momentum generated a day earlier.
 
Meanwhile, this is not the first time Shibarium has seen such a quick reversal. Earlier in August, transactions reached 2,570 on August 1 before retreating toward their previous baseline. Similar short-lived increases were also recorded in July.
Rather than showing a steady increase in network usage, the data points to sharp bursts of activity followed by equally quick declines. For SHIB holders, the quick reversal is less encouraging, as it shows that the surge in Shibarium activity has yet to develop into sustained network growth.
Notably, Shiba Inu developer documentation has expanded to cover technologies including ERC-4337 gasless transactions through Paymaster, a Crypto Payments API, hosted on-chain data endpoints, and the ShibaSwap SDK. These tools are designed to give developers more resources for building applications and payment-focused services on the network.
According to Glassnode’s latest market report, the broader crypto recovery remains tentative, with subdued spot liquidity and weak on-chain activity limiting signs of a broader expansion.
At press time, SHIB was trading at $0.000004492, reflecting a 4.37% gain over the past 24 hours.
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