Shibarium's Indexing Crawl: Explorer Now Stuffed with 45% of Its Blocky Meal

The Shibariumscan explorer, the public window into Shiba Inu's L2, is slowly shaking off its digital slumber. A site notice now cheerfully admits that a whopping 45% of blocks have been indexed, a modest hop from the previously confessed 41%. The great indexing marathon continues, one block at a time.

This glacial progress follows a February announcement that Shibarium was packing its bags for a new server, a move promised to boost performance and reliability—presumably so the explorer doesn't run out of breath catching up. Earlier this month, the 'Shibizens' noticed some tokens and NFTs were playing hide-and-seek, not displaying properly on the explorer or in wallets. The community's diagnosis? Likely side effects of the explorer's indexing lag and a temporary bridge update, because in crypto, it's never just one thing.

For the uninitiated, indexing is the mundane but critical process that lets a blockchain explorer actually report what's happening on-chain. With only 45% of blocks properly cataloged, it means any metrics you see—total blocks, transactions, wallet addresses—should be taken with a grain of salt large enough for a Shiba Inu to bury. The pack is watching for the maintenance to finish, with a promised privacy upgrade for the Shibarium blockchain lurking on the horizon for later this year.

In a completely separate corner of the financial zoo, asset manager T. Rowe Price has filed an amended S-1 with the SEC for its new Price Active Crypto ETF. The filing outlines a fund designed to offer actively managed exposure to digital assets, a basket that notably includes our favorite meme coin, Shiba Inu. T. Rowe Price brings a serious $1.8 trillion in assets under management to the party, which is a lot of zeroes even by crypto standards.

Meanwhile, in the markets, SHIB was down 2.04% over 24 hours, trading at $0.000006. The broader crypto scene was a mixed bag as traders braced for the Federal Reserve's latest pronouncements. The Fed meeting, kicking off today and wrapping up Wednesday, is the main event for everyone's portfolios. The CME FedWatch Tool is currently pricing in a 95% probability that rates will be held steady at 3.5% to 3.75%, because sometimes even the Fed just wants to HODL.