New Milestone for Shibarium as Testnet Crosses 31M+ Transaction

Shiba Inu Latest Partner Receives Support from Phoenix, What's to Expect?

Following the amazing milestone that the Shibarium testnet — Puppynet reached, the ShibArmy is ablaze with excitement. On the Shiba Inu L2 network, users are more active in connected wallets and transactions. This prompted main developer Shytoshi Kusama of Shiba Inu to express his enthusiasm for the progress on Thursday.

On July 20, Cryptolight posted some noteworthy findings about the Shibarium testnet on Twitter. According to the Thursday update, there were more than 31 million total transactions and 17 million wallet addresses linked to Puppynet. The accompanying picture shows that exactly 31,070,665 transactions overall were carried out on the Shibarium testnet on Thursday. An earlier report highlighted this outstanding accomplishment.

Similar to this, Puppynet’s total number of wallet addresses at the time was 17,062,340. Further information provided by Cryptolight showed that a total of 1,768,423 blocks were generated on the testnet, with an average block duration of 7.4 seconds. Shiba Inu lead developer Kusama responded to these remarkable figures with an emoji that represents excitement.  

Related Reading: Shiba Inu: Shibarium Final Updates Underway Before Official Launch

Shibarium Testnet Now at 32M+ Transactions; What to Expect?

It is noteworthy that in just four days, more than a million transactions have been carried out on the Shibarium testnet. According to the network explorer Puppyscan, the network has 32,016,335 total transactions as of this writing, with 256,001 of those transactions occurring today.

On the other hand, the number of connected wallet addresses only marginally rose over this time to 17,062,515. Likewise, on July 24, Puppynet’s total number of blocks surpassed 1,821,866. This increase in Puppynet activity coincides with the anticipated August launch of the Shibarium mainnet. As previously reported, Kusama made a suggestion that the Blockchain Futuristic Conference in Toronto would see the launch of the L2 scaling solution.

Following these numerous encouraging occurrences, Cryptolight and other members of the community are certain that all tokens in the Shiba Inu ecosystem, including SHIB, BONE, and LEASH, will appreciate over the next several weeks. In the upcoming weeks, “we will see positive price events of SHIB, BONE, and LEASH,” he stated.

Notably, at the time of publication, SHIB is trading at $0.00000797. This is a gain of more than 2% over the last 24 hours and a rise of 1% over the previous 7 days. It is unclear whether the Shibarium mainnet launch will result in a surge in the price of SHIB as predicted by Fintech experts.

Read Also: Shiba Inu Price Unaffected by Significant Voyager Dump of 320 Billion SHIB Tokens

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