Trading activity on Shibarium-based decentralized exchanges (DEXs) is showing signs of recovery after daily volume surged by more than 1,500% within 24 hours. According to data from DeFiLlama, Shibarium's DEX trading volume jumped 1,517%, rising from just $17 on July 9 to $275 on July 10.

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Shiba Inu layer-2 blockchain, Shibarium, is facing scrutiny as on-chain data highlighted slowing network activity, limited token burns, and stagnant holder growth. The slowdown comes as SHIB's price continues to underperform.

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