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HomeCrypto NewsMarketShiba Inu: Shibarium Hits Landmark with 20M+ Transactions

Shiba Inu: Shibarium Hits Landmark with 20M+ Transactions


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Shibarium Beta reached a new milestone as the network has now surpassed 20 million transactions.

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Shibarium Beta Testnet, dubbed Puppynet, has experienced a significant surge in transaction volume over the past month.

The latest data provided by Puppyscan, the designated block explorer for Puppynet, reveals that the network’s transaction volume has skyrocketed by 157% compared to the previous month, reaching a new milestone of 20,472,477 (20.47 million) transactions. The network now handles an average of 491,994 transactions daily.

Shibarium Beta Testnet Has Now Processed Over 20 Million Transactions
Shibarium Beta Testnet Has Now Processed Over 20 Million Transactions

The recent data suggests that 12,516,765 (12.51 million) transactions were processed in the past month alone. As reported by The Crypto Basic, the network’s transaction volume was 7,955,712 (7.95 million) on May 15th.

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This surge in processed transactions is accompanied by notable advancements in various metrics within the Shibarium Beta Testnet.

As of press time, Puppynet has registered 16,724,346 (16.72 million) addresses, representing an 8% increase compared to the past month. In addition, the total blocks processed by the network have increased to 1,238,517 (1.23 million). The network’s average block time remains at 5 seconds despite the load.

Meanwhile, Bone ShibaSwap (BONE), the native gas token of Shibarium, is gaining significant attention from exchanges. Recently, Unocoin, one of the largest cryptocurrency exchanges in India, has added support for BONE on its platform.

Moreover, during a recent telegram chat, Shytoshi Kusama, the lead developer of Shiba Inu, hinted at the upcoming release of Woofpaper V2. The release is anticipated to occur in early July, bringing new features and improvements to the Shiba Inu ecosystem.

Shytoshi Kusama Hints at the Release of Woofpaper V2 in July
Shytoshi Kusama Hints at the Release of Woofpaper V2 in July

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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.



Zabi is crypto enthusiastic with more than 10 years of experience in managing Google News-approved Finance websites. Zabi has a strong background in finance with a thorough understanding of cryptos and a solid grip on the crypto and financial market industry. Along with his passion for crypto writing, Zabi manages his personal stock and finance-related Google News-approved websites.

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