Shibarium Network Metrics Plummet Amid Shibariumscan Indexing Woes

Shibarium's network metrics have seen significant declines since Shibariumscan faced a major indexing issue. The decline is attributed to an ongoing explorer indexing problem, rather than lost blockchain data. Shibariumscan has been partially indexed and continues to rebuild historical data.

The explorer showed sharp declines in transactions, addresses, and blocks after a recent service disruption. Transactions dropped by 69.55%, from 1.56 billion on August 10 to 475.39 million. Addresses fell to around 71.3 million, while block counts decreased to approximately 7.91 million.

Shibarium holders were initially confused about the sudden metric collapse, with some questioning whether Shibarium had suffered a major technical failure or lost historical data. However, current evidence suggests that Shibarium's blockchain data remains intact.

The indexing problem is linked to Shibariumscan's recent change from Hetzner hosting to Cloudflare proxying and a DNS configuration update. The explorer has returned online and resumed indexing, but still has 58% of the network's historical data left to process.