Shibarium, the layer-two blockchain for Shiba Inu, experienced a notable drop in transaction count in recent days, as reported by the Shibarium explorer, Shibariumscan. Transactions on the network fell significantly from 7,420 on April 18 to 864 by April 21. This decrease in activity is attributed to Shibarium's ongoing efforts to normalize its operations following a series of recent upgrades to both the network and its explorer.

To enhance network capacity, data processing speed, and overall stability, Shibarium undertook a major infrastructure overhaul. This included relocating its servers and conducting a complete re-indexing of the entire blockchain. Concurrently, the Shibarium block explorer was rebuilt from the ground up, with its synchronization process steadily advancing from an initial 45% to a complete 100%.

During the re-indexing phase, the Shibarium explorer displayed figures that were considerably lower than the actual on-chain reality. Now that the indexing process is complete, a reset of the explorer is anticipated to accurately reflect Shibarium's real-time activity. This normalization will ensure that precise transaction data, as well as accurate NFT, token balances, and wallet information, are correctly displayed.

As the explorer data continues to normalize, Shibarium's true level of network activity is expected to become much clearer. Key metrics, including transaction volume, are projected to return to their actual levels, providing a transparent view of the blockchain's performance.

In the broader cryptocurrency market, prices saw a general increase, aligning with positive macro sentiment that bolstered market confidence. The altcoin market also reflected this optimism, experiencing widespread gains. Shiba Inu (SHIB) itself saw a positive trend, rising 2.65% in the last 24 hours to $0.000006226 and showing a 5.45% increase over the week. The dog-themed coin has been extending its rebound from its Sunday low of $0.00000587 for three consecutive days. According to CoinGlass data, overall crypto futures open interest (OI) has climbed by 5.69% in the past 24 hours, reaching $127.4 billion. This increase across major cryptocurrencies suggests renewed capital inflows and a growing demand for leverage, potentially signaling further market gains.