Shiba Inu's Shibarium Fees Near $0, What's Happening on Network?

Shiba Inu's layer 2 blockchain, Shibarium, has seen a quiet 24-hour period with transaction activity and network fees at relatively low levels.

In the past day, the Shibarium network had a total of 1,002 transactions, generating $0.0017 in total transaction fees according to a recent tweet by Shibariumnet. Low transaction counts and near-zero fee generation suggest that activity is present but not yet translating into meaningful economic throughput.

Shibarium Network transaction fees earned in the last 24 hours:

.03 $BONE ($0.0017)

Total transactions:

1,002

— Shibarium Network (@ShibariumNet) May 5, 2026

Network fees for Shibarium came in at 0.03 BONE, a meager $0.0017 in the last 24 hours, the tweet indicated. As seen on Shibariumscan, recent transactions had the label "Value 0 BONE," indicating they were not direct wallet transfers. Most of the transactions are system-level, representing automated contract calls that support Shibarium's new infrastructure.

This comes as the Shibarium explorer seeks to normalize its data after a network reset. Shibarium re-indexed its entire chain in order to improve network capacity.

As reported, Shiba Inu layer 2 Shibarium saw a decline in transactions at the start of May. Transactions fell from 3,010 on April 30 to 1,200 on May 4, a 60.13% decrease.

SHIB price

At the time of writing, SHIB was up 1.53% in the last 24 hours to $0.00000628 and up 3.04% weekly.

The crypto market is currently in a buoyant mood as broader risk sentiment has improved with equities and metals edging higher and traders rotating toward more speculative crypto bets.

CoinMarketCap's altcoin season indicator is at 39/100, showing neutral but improving sentiment towards the sector following several months of downtrend. Options markets are showing a flurry of action with bets on higher prices in the days ahead.