Shiba Inu Goes Viral: LunarCrush Reports Record-Breaking Social Activity Amid Shibarium Public Beta Launch.
LunarCrush, a platform that provides insights on various assets, recently published a report stating that social activity around Shiba Inu has reached its highest level in the last 90 days, with over 50,000 people actively participating in daily discussions on social media.
INSIGHT: $SHIB social contributors measured daily hit 50.26K, the highest point in the last 90 days.
Average weekly price change after 9 previous similar insights – +13.8%.#TradetheTalk?
More #shibainu insights: https://t.co/xuK4KeMeUh pic.twitter.com/HnzWmoSP5C
— LunarCrush (@LunarCrush) March 16, 2023
The increased engagement is attributed to several developments within the Shiba Inu ecosystem, the most significant being the launch of Shibarium Public Beta, which aims to help identify and fix bugs before the mainnet launch. The beta phase is expected to last for 2 to 4 months, as per lead Shiba Inu developer Shytoshi Kusama.
According to recent reports, the Shiba Inu team is presently working on creating Shibarium Documents that will offer comprehensive guidance on how to access the Shibarium beta. However, earlier reports from The Crypto Basic stated that the Shibarium beta Puppyscan page was temporarily inaccessible, fueling speculations among Shiba Inu enthusiasts that the much-awaited Shibarium beta documentation may be released soon.
Amid the current situation, Shibarium Public Beta has already processed 2,163 transactions, with up to 388,462 total blocks, and the network sees an average of 541 transactions daily. Despite the growing number of transactions, the average block time has remained stable at 5 seconds.
Additionally, Shytoshi Kusama, the lead developer of Shiba Inu, recently launched a new website and branding for SHIB: The Metaverse, featuring the WAGMI Temple Alpha preview, allowing supporters to purchase Metaverse lands seamlessly during the first land sale phase.
Furthermore, Shiba Inu has achieved the top position on Certik’s top 10 watchlisted NFT projects, surpassing major projects such as ApeCoin (APE), The Sandbox (SAND), and Decentraland (MANA) after the launch of Shibarium Public Beta.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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