Shiba Inu: Shibarium Achieves Another Remarkable Milestone in Just Two Days

Vignesh Karunanidhi
Shiba Inu: Shibarium Achieves Another Remarkable Milestone in Just Two Days
Source: Analytics Insight

Shiba Inu, a cryptocurrency that has gained attention as a meme coin, has witnessed significant community engagement and involvement in various projects, including the development of the Shibarium network, Puppynet.

Throughout 2022, the Shiba Inu team introduced several initiatives, such as the Shiba Eternity game and the SHIB metaverse, generating anticipation for the release of Shibarium. However, the launch of Shibarium experienced delays due to various factors.

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Finally, on March 11, the Shibarium’s Puppynet was successfully launched. Since then, it has made considerable progress. Notably, as of June 26, Puppynet had surpassed 24 million transactions, marking a significant milestone for the network. Now, according to the latest data, the Shibarium puppynet has achieved another remarkable milestone in just two days.

Source: Crypto Valley Journal

Shiba Inu’s Shibarium Puppynet processes over 25,186,503 transactions

Since its introduction on March 11, the Shiba Inu Shibarium testnet has demonstrated impressive transaction processing capabilities, handling a total of 25,186,503 transactions to date. The network has also generated 1,468,764 blocks, with an average block time of five seconds, indicating efficient operation. Furthermore, according to data from Puppyscan, the number of wallet addresses has surpassed 16,991,720, highlighting a growing user base.

These achievements on the testnet have generated excitement among the community, which eagerly anticipates the launch of the mainnet. However, the SHIB development team has not provided a specific timeline for the release of Shibarium. The introduction of Shibarium is expected to be a significant milestone for the Shiba Inu ecosystem, potentially contributing to an increase in the burn rate of SHIB tokens.