Shibarium, the Layer-2 scaling solution for Shiba Inu, has experienced a dramatic 99% drop in daily transactions, now at 7,500, down from an average of 1.2–1.4 million in August. This decline follows a recent hack that led to increased security measures and validator controls. Despite these challenges, Shiba Inu's price has risen by 4.59% to $0.00001224, with trading volume up 9.33% to $193.05 million, sparking optimism for a potential recovery in October.