Blockchain
By Evie Vavasseur
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What's Actually Happening With ShibariumScan. ShibariumScan, the network's block explorer, is in the middle of a reset.
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K9 Finance's Exit and What It Means. K9 Finance moving to Base is worth understanding on its own terms.
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Infrastructure Migration Still in Progress. The Cloudflare switch on August 11 is the clearest sign that Shibarium's team is actively working…
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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.
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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.
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ShibariumScan, the network's block explorer, is in the middle of a reset. That's probably the biggest source of confusion right now.
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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…
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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.
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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.
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More context: Standard Chartereds Geoff Kendrick Predicts Bitcoin Could Surge to $126K on ETF Inflows
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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.
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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…
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Mazrael's broader message was simple: the network is not abandoned. Validators are active. Transactions are going through.
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Related: Solana Makes Historic Move, Reduces Slot Time to 350ms for Faster Transactions
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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.
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