Shiba Inu: Shibarium Continues Thriving, Hits Utility Milestone

Joshua Ramos
Source: @Shibtoken

Amid concerns regarding Shiba Inu (SHIB) and the digital asset industry, Shibarium has continued to thrive, as it has hit yet another major utility milestone. Specifically, the beta platform for the program, Puppynet, has added 1,000,000 transactions in just a few days.

Subsequently, the total transaction figures for the beta system have reached a staggering 21,589,891 as of today. Alternatively, that number was around 20,517,000 earlier this week. Thus, showcasing the rapid progression of the beta, and what it could mean for the official release of Shibarium.

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Source: CryptoSlate

Shibarium Continues Reaching New Milestones

The overall flourishing of the digital asset industry has been in question in recent weeks. Moreover, Shiba Inu (SHIB) and nearly all cryptocurrencies have been struggling. However, one aspect of that ecosystem has been thriving despite the ongoing negativity surrounding its nearby sector.

Specifically, Shiba Inu has seen Shibarium reach an important utility milestone for its users. Having launched on March 11th, the testnet for the program, Puppynet, has already exceeded 21,000,000 transactions. Additionally, the number of connected wallets has only continued to increase. Currently nearing the 17 million mark.

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The total blocks for the platform have also reached 1,281,484. While also boasting an average time to produce a block of 5.0 seconds. Indeed, this data is an excellent sign for the program as it continues to grow and evolve. Moreover, this data could inform a positive release when Shibarium officially launches in the near future.

Conversely, the SHIB burn rate has seen positive developments as well. Specifically, it has observed an increase of almost 1,000% following several days of underperformance. Additionally, that figure has seen more than 1,000,000 SHIBs burned. Once again, showcasing that the ecosystem is still healthy despite price decreases and volatility.