According to a report by LunarCrush, a platform that offers insights on various assets, social activity related to Shiba Inu has peaked in the last 90 days, with more than 50,000 individuals engaging in daily conversations about cryptocurrency on social media.
INSIGHT: $SHIB social contributors measured daily hit 50.26K, the highest point in the last 90 days.
— LunarCrush (@LunarCrush) March 16, 2023
Average weekly price change after 9 previous similar insights – +13.8%.#TradetheTalk💬
More #shibainu insights: https://t.co/xuK4KeMeUh pic.twitter.com/HnzWmoSP5C
The surge in social media activity is linked to various developments within the Shiba Inu ecosystem, the most notable being the recent launch of Shibarium Public Beta. The platform aims to detect and address bugs before the official mainnet launch. The beta testing phase is expected to continue for two to four months, according to Shytoshi Kusama, the lead developer of Shiba Inu.
Recent reports indicate that the Shiba Inu team is developing Shibarium Documents, which will provide detailed instructions on accessing the Shibarium beta. However, earlier reports from fxcryptonews stated that the Shibarium beta Puppyscan page was temporarily unavailable, leading to speculations among Shiba Inu followers that the long-awaited Shibarium beta documentation might be released soon.
Read more: Shiba Inu Community Set to Benefit from Gaming Guild Project by PawZone
Despite the ongoing circumstances, Shibarium Public Beta has already completed 2,163 transactions, with a total of 388,462 blocks processed. The network experiences an average of 541 transactions daily, but the average block time has remained consistent at 5 seconds, despite the increasing number of transactions.
Furthermore, Shytoshi Kusama, the main developer of Shiba Inu, has introduced a new website and branding for SHIB: The Metaverse, which includes a preview of the WAGMI Temple Alpha, enabling backers to purchase Metaverse lands easily during the initial land sale phase.