Shibarium, the Layer-2 network built for the Shiba Inu ecosystem, recorded 4,480 daily transactions on Aug. 9, up 507% from 738 a day earlier, before activity fell back to 831 on Aug. 10. The move echoed other short-lived bursts, including a jump to 2,570 on Aug. 1, reinforcing concerns that the network still lacks sustained user demand even as developers expand tooling for ERC-4337 gasless transactions, a Crypto Payments API, hosted on-chain data endpoints and ShibaSwap SDK integration. The mismatch between development progress and adoption has become a recurring theme. Jeremie Davinci said Shibarium can run applications but "nobody is using it, and there are no applications for using your tokens on Shibarium yet," adding that if that changes, "Shiba Inu will go to the moon." The backdrop for SHIB remains cautious: Glassnode said crypto markets are in a transitional recovery phase, with thin spot liquidity and weak on-chain activity despite better institutional flows. SHIB fell 3.48% in 24 hours to about $0.0000045 and 9.58% on the week, exchange reserves climbed to about 87.5 trillion tokens, weekly burn rate dropped 75%, and traders were watching whether price could break above roughly $0.00000475 from a descending wedge setup.