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HomeCrypto NewsMarketShiba Inu: Shibarium Attains New Milestone, Surpasses 34.5M Transactions

Shiba Inu: Shibarium Attains New Milestone, Surpasses 34.5M Transactions


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Transactions on Puppynet have exceeded the 34.5M mark, eliciting excitement among Shiba Inu proponents ahead of the Shibarium mainnet launch expected this month.

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The anticipation for Shiba Inu’s layer-2 scaling solution has increased ahead of its mainnet launch. This development is evident in the rising engagement and interaction with Shibarium’s beta testnet. More so, the numerous mentions of the L2 project on different platforms further depict the SHIB community’s anticipation.

Notably, user activity on the Shibarium beta testnet — Puppynet — recently reached a new height. This bullish development indicates that Shiba Inu proponents are massively testing the L2 network to spot and report any identified bugs. 

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Overall, this increasing engagement on Puppynet would contribute to ensuring a bug-free Shibarium mainnet launch. According to SHIB’s lead developer Shytoshi Kusama, the mainnet launch would occur in August.

Shibarium Transactions Exceed 34.5M

The latest data on Puppyscan showed that transactions on the Shibarium beta testnet recently reached an all-time high. As seen on the designated explorer, Puppynet now boasts a total transaction of over 34.5 million. 

Notably, the overall transactions on the testnet eclipsed 34,539,365 at the time of writing. However, the total transactions executed on August 2 were 247,575. Meanwhile, the overall blocks produced on the testnet stood at 1,961,139, with an average block time of 5 seconds at press time. 

It bears mentioning that wallets connected to Puppynet have been increasing accordingly. The Shibarium beta testnet boasts 17,063,652 (17.06 million) wallets at press time. 

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Recall that Puppynet crossed the 32 million transaction threshold on July 24. This translates to over 3 million transactions recorded in less than two weeks. The impressive feat comes after the Shibarium beta bridge went live for public testing. 

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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.



Mark Brennan
Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

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