Shiba Inu: Shibarium Scanner, Puppyscan Reaches 100k Wallets

Paigambar Mohan Raj
Shiba Inu
Source: Twitter

Shiba Inu (SHIB) is yet to launch the mainnet of its layer-2 network, Shibarium. However, the beta testnet for the upcoming network is seeing a lot of growth and adoption. In a recent tweet, SHIB influencer Lucie shared that, a blockchain explorer built on Shibarium, has crossed 100k wallet addresses.

On the day of launch, Puppynet had only 713 transactions. On March 27, there were 41,688 transactions, while on March 28th, there were 144,458 transactions. However, the number of transactions plummeted dramatically to 3,118 on March 29th. Nonetheless, the number of wallet addresses has continued to increase. At press time, there were 101,666 wallet addresses for Shiba Inu’s Shibarium-based Puppyscan. Moreover, the beta testnet had processed over 195k transactions in 157,950 blocks, with an average block time of 5.0 seconds.

The popularity of the Shibarium testnet is also visible in the number of transactions. Daily transactions have grown significantly over the last couple of days, although the metric took a dip yesterday. Shiba Inu (SHIB) is one of the most popular cryptocurrency projects. With the launch of its layer-2 network, SHIB will cease to be an ERC-20 token on the Ethereum (ETH) network. Instead, it will have its own blockchain.

Furthermore, Shibarium’s creator, Unification, revealed that it is creating a cutting-edge wallet for the cryptocurrency project. The wallet is a comprehensive solution that incorporates staking/delegating, Shibaswap integration, and two-way asset transfers between the first and second layers.

Regardless, SHIB’s price has failed to react positively to the news. The token has fallen by 2% in the last 24 hours, and by 0.2% in the last seven days. On the other hand, BONE, the governance token for Shibarium, has risen by 4.3% in the last seven days. Moreover, the token has fallen by almost 40% in the monthly charts.

Source: SHIB/USDT Chart by Trading View