New Milestone As Shibarium Crosses 31M Transactions

The Shiba Inu Shibarium beta testnet continues to attain new heights, recently surpassing 31 million transactions with 17 million wallets.

Anticipation for the Shibarium mainnet launch builds within the Shiba Inu (SHIB) community. Amid this sustained hype, Puppynet, the Shibarium beta testnet, continues to hit new thresholds. These surging metrics are a testament to vigorous testing on the network as investor interest soars.

1M+ Transactions in 4 Days

Notably, Puppynet has crossed 31 million transactions just four months after the Shibarium development team relaunched it with a reviewed ChainID. Per data from the dedicated block explorer Puppyscan, total transactions on the testnet currently amount to 31,310,640 at the time of reporting.

This figure represents a growth of 3% in total transactions over the past four days. The Crypto Basic previously reported that the number of transactions had soared to 30,245,178 as of July 14. This represents an addition of over 1 million transactions in just four days.

A close look at Puppyscan shows a slew of transactions by the second. These transactions include token transfers and swaps. The surging rate of transactions demonstrates the impressive interest garnered by the network. This trend shares insight into the potential adoption rate of the Shibarium mainnet.

Other Shibarium Metrics

Besides this encouraging transaction count, the Shibarium beta network boasts impressive metrics in other domains. The testnet has processed over 1.78 million as of press time. Each block contains an average of 29 transactions.

Impressively, it has managed to handle this massive test rate while maintaining an average block time of 6.1 seconds. This feat underscores its efficiency and high transaction speed.

Meanwhile, the daily transaction count currently stands at 256,551. However, wallet addresses have not experienced a momentous surge since the previous report. The Shibarium testnet has only added 262 wallets over the past four days, increasing to 17,062,392.

One crucial achievement observed with the testnet is its resilience despite the ongoing large-scale test. Puppynet’s ability to withstand vigorous tests without breaking down shows Shibarium’s potential tenacity. 

Notably, the community eagerly anticipates unveiling the mainnet next month at the Blockchain Futurist Conference in Toronto.