While Bitcoin’s (BTC) recent slump dragged the entire market down, Shiba Inu’s Shibarium took a massive hit. The Ethereum-based layer2 network witnesses faded user activity as daily transactions plummet below 9K. Notably, the significant dip in daily transactions on Shibarium comes amid increased competition. For instance, the recent memecoin craze saw Solana (SOL) outpacing Ethereum