Forget Cardano, Why Shiba Inu’s Shibarium Is The Real Ghost Chain

Shiba Inu launched Shibarium, a layer-2 blockchain, to evolve beyond its meme coin status. Shibarium has struggled to attract users and developers, failing to gain market share. Developer interest is minimal, with only a few active developers compared to other networks. The total value locked on Shibarium has plummeted to a low amount. Shibarium has not attracted any stablecoins, a critical aspect of decentralized finance. Newer layer-2 networks have surpassed Shibarium in activity and development. ShibaSwap, the leading dApp on Shibarium, was recently compromised, damaging user trust. Network issues, including bridge problems, have halted most activity on Shibarium. The lack of transactions has significantly slowed down the SHIB token burn process. Shibarium is now considered a "ghost chain" due to its low activity and limited impact.