Shibarium, Shiba Inu's layer-2 network, experienced a dramatic 94% drop in transactions overnight as it entered a major reset phase. The network recorded only 557 transactions in the past 24 hours, down from 10,940 on March 26. This decline is attributed to ongoing system upgrades and backend restructuring, with most transactions now being automated system-level processes rather than user-driven transfers. The Shibarium explorer is currently undergoing a rebuilding phase, with only 86% of blocks indexed, leading to incomplete transaction data. Despite the apparent crash in activity, this is seen as a transitional adjustment period rather than a sustained decline. Meanwhile, SHIB's price dipped 0.94% to $0.00000583, with trading volume rising 9.5% to $78.77 million, reflecting cautious market sentiment.