Shiba Inu’s Layer 2 Blockchain Sees Sharp Drop in Trading Volume — Is SHIB at Risk?
Mustafa Mulla11 Apr 20252 min read
With competition intensifying in the blockchain world, Shiba Inu’s Layer-2 network, Shibarium, is struggling to keep up. Its daily trading volume has dropped to just $21,000 — a sharp contrast to major rivals like Polygon and Base.
This dip in activity is raising concerns among investors. As more traders shift their focus to other platforms, some are wondering if the falling interest in Shibarium could start to impact Shib’s price.
High User Numbers, But Low Trading Activity
Since its launch on the mainnet, Shibarium has handled over 1.04 billion transactions and attracted nearly 200 million wallet addresses. On paper, that sounds impressive—but trading activity tells a different story.
According to data from DexScreener, Shibarium’s total daily trading volume across all decentralized exchanges (DEXs) is just $21,000. In comparison, Base saw $742 million in daily trading, while Polygon reported $68.8 million.
WoofSwap Takes the Lead, But Numbers Stay Low
Among Shibarium’s DEXs, WoofSwap leads with a daily volume of $9,500. ShibaSwap follows at 5,700 dollars. Other platforms like ChewySwap and MarSwap barely cross the $2,000 mark, and some report less than $10 in daily trades.
SHIB Price Analysis
Despite Shibarium’s sluggish trading volume, the Shiba Inu price is showing some strong resistance. As of now, Shib is trading at around $0.00001196, reflecting a slight rise in the past 24 hours.
Some experts suggest that the token is forming a falling wedge breakout on the 1-day chart, indicating a potential bullish move. The price is aiming to break the 100-day moving average, with RSI at 57 signaling steady upward momentum without reaching overbought conditions.
Shib is currently testing a key resistance level at $0.0000122. If it breaks above this level with strong volume, the price could rise to $0.000025.
On the other hand, if SHIB fails to break through, it could drop back to a support level at $0.0000165.
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FAQs
- By 2025, our price prediction forecasts that the Shiba coin price could be worth $0.00006392. With a potential surge, the price may go as high as $0.000321 by 2030.
