In 2022, the Shiba Inu team undertook various projects, including the Shiba Eternity game and the SHIB metaverse, which generated anticipation for the upcoming introduction of Shibarium. However, the launch of Shibarium faced delays, influenced by multiple factors.
On March 11, Shibarium’s Puppynet was successfully launched and has since shown substantial advancement. The Shiba Inu Shibarium testnet has demonstrated commendable transaction processing capabilities since its inception.
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However, according to the latest data from Puppyscan, there has been no activity on Puppynet over the last three days. The data shows that there has been no change in the number of transactions, blocks, or wallets. It appears that the Shibarium Beta Puppynet has been suspended.
The data shows that the number of transactions remains at the 35 million level. This could well be due to the much-awaited launch of Shibarium, which is expected to happen soon.
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Shiba Inu’s burn rate drops
Recent data from Shibburn indicates a sharp decline of -29.49% in the burn rate of Shiba Inu within the past 24 hours, possibly due to the Shibarium Beta Puppynet being suspended. The data shows that during this period, only 45.1 million SHIB went to dead wallets.
The Shiba Inu burn rate has been consistently on a downward trend in the past few weeks. However, the launch of Shibarium is expected to ramp up the burn game.