Shiba Inu ranks 6th on LunarCrush by social engagements over the past month.
LunarCrush, a leading social intelligence platform, recently released the top 10 list of assets with the highest level of social engagement. Shiba Inu has managed to secure the sixth position on the list.
Top ten coins by social engagements over the past month$btc $eth $pepe$doge $sol $shib$bnb $floki $arb $ada https://t.co/5bJ15H6VP7 pic.twitter.com/ppVUzNfC7e
— LunarCrush (@LunarCrush) May 26, 2023
According to data from Lunar Crush, Shiba Inu has recorded an impressive total social engagement of 7.21 billion in the past 30 days. This represents a 25.2% increase in social engagements compared to the previous month. SHIB has also received over 806.21K social mentions during this period.
The surge in social engagement can be attributed to a multitude of factors, primarily driven by the excitement surrounding token burns and the recent achievements of Puppynet, the Shibarium beta network.
Shibarium’s Phenomenal Growth Continues
Puppynet, the Shibarium beta network, has experienced a significant surge in adoption over the past month.
The latest data provided by Puppyscan, the designated block explorer for Puppynet, reveals a remarkable increase in the number of wallets hosted by the Shibarium beta network. The figure has skyrocketed to 16,047,099 (16.04 million) wallets, a significant leap from the previous count of 14,061,584 (14.06 million) as of April 22. This surge signifies an impressive 14.11% growth in wallets on the test network within just one month.
In addition to the surge in wallet numbers, Puppynet has witnessed notable advancements in various metrics. The total number of transactions on the network stands at 13,249,750 (13.24 million), with a daily transaction count of 431,496, at the time of reporting. In addition, the total blocks processed by the network have increased to 1,027,354 (1.02M). The network’s average block time remains at 5 seconds despite the load.
DisClamier: 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 opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
