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Shibarium isn’t dead. That’s the word from Mazrael, a long-time Shiba Inu community figure who pushed back hard this week against claims the layer 2 network has gone dark.
The noise started with K9 Finance, a project that had been building on Shibarium and recently announced it was winding down and moving its assets over to Base. K9 Finance’s developers pointed to a Shibarium hack in September 2025 as the turning point, saying the network became unreliable afterward — and that the network’s explorer had been acting up ever since. For some in the community, that read like a death knell. Mazrael didn’t see it that way. He said Shibarium is still running daily transactions, still supporting validator operations, and still holding up its core infrastructure. K9 Finance leaving, he argued, is K9 Finance’s call — not a sign the whole network is collapsing.
Not really the same thing.
What’s Actually Happening With ShibariumScan
ShibariumScan, the network’s block explorer, is in the middle of a reset. That’s probably the biggest source of confusion right now. As of August 20, the explorer had only 49% of blocks indexed — so the numbers it’s showing aren’t complete. Transaction counts dropped from 2,310 to 1,530 in that window, which looks bad on the surface but is basically an artifact of the reset process, not a sign of mass abandonment. The indexing is still catching up.
The explorer has also been dealing with fallout from a DNS change made on August 11. That day, Shibarium’s setup shifted from direct server pointing to a proxied configuration through Cloudflare. Mazrael said it’s part of a broader infrastructure migration — the explorer returning as what he called a stock deployment. Some branding elements and configuration settings are still missing, but the explorer is back online. It’s running. Just not fully dressed yet.
So the transaction drop and the incomplete block count are tied to the reset, not to some deeper failure. That’s Mazrael’s read, anyway.
K9 Finance’s Exit and What It Means
K9 Finance moving to Base is worth understanding on its own terms. The project cited the September 2025 hack and the subsequent reliability issues as reasons to leave. That’s a legitimate grievance — a hack is a hack, and if a project’s developers lost confidence in the network’s stability, their decision to migrate makes sense. But Mazrael’s point is that one project’s exit doesn’t define the network’s health. Shibarium still has other builders, active transactions, and ongoing chain and environment migrations happening in parallel.
It’s a fair distinction. Layer 2 ecosystems lose projects all the time. Sometimes it’s about the network. Sometimes it’s just about where the liquidity and users are moving. Base has been pulling developers from a lot of places, not just Shibarium. That context matters.
Still, the optics aren’t great. When a project publicly blames a network hack for its departure and the explorer is showing incomplete data at the same time, the community is going to ask questions. Mazrael stepped in to answer them — or at least to slow the panic.
Infrastructure Migration Still in Progress
The Cloudflare switch on August 11 is the clearest sign that Shibarium’s team is actively working on the backend. Moving from a direct server configuration to a proxied setup isn’t nothing — it’s a deliberate infrastructure decision, presumably aimed at improving resilience and uptime. The timing, coming after the hack and amid the explorer reset, made it look messier than it probably is.
Mazrael’s broader message was simple: the network is not abandoned. Validators are active. Transactions are going through. The explorer is back online, even if some elements still need to be restored. Chain migrations are continuing. The community is still building.
Whether that’s enough to restore confidence among projects eyeing Shibarium as a home is a different question. K9 Finance won’t be the last project to weigh its options. And a hack in September 2025, a DNS disruption, and a reset that knocked transaction counts down to 1,530 — that’s a rough stretch by any measure.
But Mazrael’s pushback does land on something real: a network with 49% of blocks indexed and daily transactions processing isn’t a dead network. It’s a network in the middle of maintenance. The difference matters.
ShibariumScan currently sits at 49% blocks indexed, and daily transaction counts on August 20 came in at 1,530.
Frequently Asked Questions
Why did K9 Finance leave Shibarium?
K9 Finance cited a Shibarium hack in September 2025 and subsequent network unreliability as reasons for winding down and moving its assets to Base.
What caused Shibarium’s transaction count to drop?
ShibariumScan is undergoing a reset with only 49% of blocks indexed, which caused transaction counts to fall from 2,310 to 1,530 around August 20.
Why It Matters
The ongoing discourse around Shibarium highlights the critical importance of network reliability and security in the rapidly evolving layer 2 landscape. As projects like K9 Finance shift their focus to alternative platforms, it raises questions about community confidence and the long-term viability of initiatives built on Shibarium. This situation underscores how vulnerabilities can impact ecosystem development and investor sentiment, particularly in the competitive crypto market.
