After Shiba Inu rebounded 151%: Shibarium's average daily trading returned to 1,142

Shibarium链上数据深度解析：从“151%复苏”神话到现实

10月9日，Shibarium网络处理了2,438笔交易，而前一天的数据仅为970笔。多家加密货币媒体据此报道了151%的增长，并宣称Shiba Inu链迎来了“复苏”。然而，仅仅一天后，同一统计数据显示交易量回落至1,142笔。这意味着所谓的“复苏”仅维持了整整24小时。

本文旨在通过核查背后的数据与算术逻辑，还原真相。所有网络数据均源自我们于10月11日晚对Shibariumscan API的直接查询。在同一时刻，Shiba Inu（SHIB）的价格为0.00000549美元，较前一日上涨0.12%，但较过去七天累计下跌5.58%。

实际发生的情况：5,711、970、2,438，再到1,142

若观察每日交易量的连续序列，10月9日的快照并不能反映全貌。回顾10月初的数据：

• 10月6日： Shibarium处理了5,711笔交易，这是自9月初以来的最高读数。
• 10月7日： 1,323笔。
• 10月8日： 970笔（本月最弱交易日之一）。
• 10月9日： 2,438笔（反弹）。
• 10月10日： 1,142笔（回落）。

The so-called "151% growth" started on one of the lowest days of the month. Based on the October 6 peak, current trading volume levels are actually 80% lower. The average daily transaction volume for the past 31 days was 1,928 transactions, totaling 59,776 transactions. The most recent complete record day (1,142 records) was 40.8% lower than the average. The lowest for this period was 794 on September 20. As a result, Shibarium's daily trading volume fluctuates roughly between 800 and 5,700 transactions, and within this range, one-day comparisons tend to be of little significance.

Investors who bought on October 9 because they believed the chain was "re-running" misjudged daily fluctuations as trends. This is the most common trap: When percentages lack a baseline reference,"151%" sounds like a new starting point, but in fact only represents a brief jump from 970 to 2,438, and the level fell back below the monthly average a day later.

Network utilization is only 0.027%: only one transaction is included in every 15 blocks

Transaction volume alone does not reflect the congestion of the network. "Network utilization" measures the proportion of available block space that is actually occupied. According to Shibariumscan, this ratio is 0.026787%, rounded to 0.027%.

For a more intuitive understanding, we can look at the block time. Shibarium generates one block every 5.02 seconds on average, which means approximately 17,211 blocks are generated every day. If 1,142 transactions are spread among these blocks, on average, there will be one transaction every 15 blocks, and the remaining 14 blocks will be empty. Even with a monthly average of 1,928 transactions, there is only one transaction every nine blocks.

Empty blocks are not technical flaws. A chain that blocks at a fixed rhythm will continue to generate blocks when there is no demand, and Shibarium will run uninterrupted during this period. But these empty blocks reveal unused capacity and explain why subsequent cost metrics are so cheap.

Fee markets with lack of demand: Slow, average and fast rates are all 0.03

Shibariumscan reports three fee levels: slow, average and fast. On October 11th, the rates for all three levels were 0.03 gwei (BONE is the fee currency on the chain, and 1 gwei is equal to 1 billionth of BONE).

The key finding is that these three levels are exactly the same. Only when the volume of transactions that want to enter the block exceeds the capacity of the block will a real fee market be formed, and senders seize priority by paying higher fees. In the absence of congestion, there is no premium, and users eager to confirm pay the same rate as those willing to wait.

This brings two implications: Currently, transfer costs on Shibarium are almost zero and confirmed immediately; at the same time, low rates are also a signal that there is very little activity in the chain.

How Shibarium throughput drives the destruction of SHIB

The link between on-chain activity and token supply is a focus for investors. Shibarium's design allows the accumulated costs on some of the chain to flow to SHIB's destruction pool. Destruction means that tokens are sent to an address without a private key and are permanently withdrawn from circulation, although they are still displayed on the blockchain.

在审查的那一天，链上消耗了166,869,016单位的Gas。按0.03 gwei的费率计算，全天的手续费收入约为0.005 BONE。这就是用于推动部分销毁的资金池。指望Shibarium显著收紧SHIB供应，意味着要等待一个在当前吞吐量下缺乏基础的机制。

这并非对技术的指责。Layer-2链旨在使交易廉价，而Shibarium确实做到了这一点。然而，销毁取决于费率与成交量的乘积，目前这两个因素都很小。一条链只有在高吞吐量下，才能既保持低成本又资助强大的销毁机制。

自10月6日重新索引以来：交易量减少80%

我们在10月6日的报道中指出，当时浏览器中仅有55%的Shibarium区块被索引，因此展示的数据需谨慎解读。此后问题已解决：API现在提供连续31天无缺口的系列数据，浏览器统计自链启动以来共有11,185,007个区块和749,707,890笔交易。数据状况已改善，但吞吐量并未改善。

10月6日也是当月交易量最多的一天。在那之后的四天里，交易量降至1,142笔，跌幅达80%。我们在10月10日的另一篇文章中提到了硬币的另一面：Shibarium中的锁定资金下降了68%，其中单一池子解释了大部分跌幅。锁定的资金越少，交易就越少：没有资本沉淀的地方，也就没有交换发生。

In terms of price, the contrast seems milder. In the October 6th article, the price of SHIB was € 0.0000514; on the evening of October 11th, the price was € 0.0000491. It fell by 4.5% in five days, while throughput on its own chain plummeted by 80%. Prices do not correspond one-to-one to network performance, which is expected given that the token is mainly traded on centralized exchanges.

41.05% of the original supply was destroyed: the sum of the two numbers

Regarding the quantity of SHIB destroyed, different trackers give completely different results depending on the measurement cycle. You can use two publicly available data to calculate the total balance yourself without relying on any trackers.

Shiba Inu's original supply was one trillion (1 trillion) tokens, or 1,000,000,000,000,000,000 units. CoinGecko reported a total supply of 589,495,745,532,498 SHIB (as of October 11). The difference of 410,504,254,467,502 tokens is the number destroyed since the launch, accounting for 41.05% of the original supply. Among them, 589,238,379,798,174 SHIBs are in circulation; the remaining approximately 257 billion coins are listed as non-circulation.

These 41% may sound like a lot, but almost all of them stem from a one-time operation in May 2021, when half of the supply was sent to a keyless address. In contrast, the amount of continuous destruction generated by on-chain operations is negligible and has little impact on the total. Conflating the two numbers is the most common mistake in such reports, making a one-time decision five years ago seem like a continuing supply crunch.

SHIB价格为$0.00000549：日区间、月度平衡及距高点距离

10月11日晚，SHIB报价为$0.00000549或€0.00000491。日交易区间为$0.00000537至$0.00000553，高低点差距略低于3%。过去30天上涨6.18%，过去七天下跌5.58%，过去一年下跌44.74%。市值为32.4亿美元，排名第37位，日成交额为5,210万美元。

相较于2021年10月27日创下的历史最高点$0.00008616，SHIB目前相距93.6%。当前提供的日内低点$0.00000537和高点$0.00000553，均距离当前水平不到2%，这也解释了过去24小时的轻微波动。

为了建立概念：以€0.00000491的价格，1欧元可购买约203,700枚SHIB，即100欧元可购买约2,030万枚代币。小数点的多少仅代表单位数量，并不说明代币估值的高低。市值才是衡量标准，而SHIB显然落后于Dogecoin（同日市值约136亿美元）。

持有期与免税额：出售SHIB前需检查的事项

在德国，任何以私人资产形式持有SHIB的人均受《德国所得税法》第23条规定的私人处置规则约束。如果购买和出售间隔超过一年，出售收益免税。如果在一年内，当年所有私人处置收益总额达到1,000欧元起征点，则需按个人所得税率缴税。

此处常被忽视的三个要点：

1. 起征点而非免税额度：999欧元收益无需纳税，但1,001欧元的收益全额需纳税。
2. 跨类别计算： 计算涵盖全年所有私人处置（包括黄金或收藏品）。
3. 销毁不影响持仓： 他人代币的销毁不改变你的持仓，但代币间的兑换则是应税事件。

在实践中，这意味着在平仓前查看每一笔分批购买的日期，而不是看平均价。2025年初持有的仓位已超过一年，可免税出售；而2026年夏季购买的仓位仍处于纳税窗口内。使用带有投资组合追踪器的税务工具比手动维护电子表格更可靠，因为它能自动记录购买顺序。

Shibarium上的BONE质押：收益率取决于链的吞吐量

在Shibarium上，代币可以存入以分享链上费用。前文的计算显示了当前份额的大小。以每天约0.005 BONE的手续费收入来看，分摊到所有存款人身上所剩无几。在这样的链上，宣传的年化收益率并非承诺，而是基于过去较高活动期的外推。

在税务方面，来自质押和借贷的收入不属于一年免税规则，而是计入《德国所得税法》第22条第3款的“其他收入”。其适用的年度免税额为256欧元，远低于私人处置的门槛。多个平台的收益需合并计算。比较质押提供商时，重点在于谁能够清晰记录收入，因为报告责任在于用户自身。

我们的评估：链运行正常，但销毁量依然微小

编辑观点认为，151%复苏的故事是算术造成的假象，而非事实依据。证据如下：跳跃始于本月第二弱的一天，其中53%在一天后回吐，且当前水平比月度均值（1,928笔）低40.8%。声称转折点需要在该均值之上持续数周，而非一天。

另一方面，链在技术上无故障，且自重新索引以来数据质量有所提高。基础设施已就位，但需求缺失。这对价格意味着什么尚不明确：尽管自身链上吞吐量崩溃，SHIB在过去30天仍上涨了6.18%。目前价格由整体市场驱动，而非Shibarium。由此不得出买卖建议，且作为迷因币，随时存在归零风险。

Shibarium：日交易量低于1,900笔，销毁量保持低位

未来几周衡量的阈值是月度日均1,928笔交易量。只要Shibarium保持在以下水平，手续费收入及其驱动的销毁量将维持在上述量级。

自行核实数据：

The daily series is publicly available in the statistics section of shibariumscan.io. You don't need a tracker or news subscription to see that the reported growth percentage is calculated based on the previous day of weakness or strength.

Record the purchase date for each batch:

Taxation depends on the one-year rule, not the average price. If you hold SHIB through an exchange, please export the trading list as soon as possible. There is a relevant comparison of the clarity of export functions of various platforms for reference.

Link yield commitments to throughput:

Shibarium Pledge's promotional annualized rate of return presupposes fee income. Before investing capital, it was compared to revenue totaling approximately 0.005 BONE at the review date.

(As of October 11, 2026. This article does not constitute investment advice. Price and fee structures are subject to change; consult provider terms before purchasing.)