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Shibarium Sets New Record with 20 Million Transactions

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Shibarium Beta Achieves Over 20 Million Transactions with Daily Volume Averaging 491,994

In the past month, Puppynet, the Shibarium Beta Testnet, has experienced a notable increase in transaction volume. Recent reports highlight a significant milestone for Puppynet, with a total of 20,514,524 (20.51 million) transactions successfully processed. On a daily basis, the network consistently handles an average of 491,994 transactions. This surge in activity showcases the growing adoption and usage of Shibarium, demonstrating its capabilities as a robust and efficient platform for cryptocurrency transactions.

Shibarium beta transactions (source : PuppyScan)

Also Read: Shiba Inu’s Burn Surge Soars by 4,181%: Scarcity Sparks Hope Amid Price Decline

Puppynet, despite its increased activity, continues to showcase its resilience with an impressive average block time of just 5 seconds. Additionally, the network boasts a substantial number of 16,730,266 (16.73 million) registered addresses, indicating a growing user base. The soaring popularity of BONE (Bone ShibaSwap), the native gas token of Shibarium, has also captured the attention of prominent exchanges. Notably, Unocoin, a major cryptocurrency exchange in India, has recently announced support for BONE, enabling users to trade and engage with the token on its platform. This development further reinforces the expanding reach and adoption of Shibarium’s native token.

The Shiba Inu community, eagerly anticipating the launch of Shibarium’s mainnet, is currently grappling with uncertainty following recent updates. LucieSHIB, a well-known advocate for Shiba Inu, initially announced that the highly anticipated mainnet would be rolled out sometime during the second or third quarters of 2023. However, subsequent developments have introduced a sense of unpredictability and raised questions about the timeline for the mainnet’s release. The community now awaits further clarification and updates regarding this significant milestone for the Shibarium project.

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Shiba Inu (SHIB) is currently trading at $0.000006631, with a notable trading volume of $113,121,125 recorded over the past 24 hours. According to CoinMarketCap, there has been a slight decrease of 1.59% in SHIB’s price during this period. These figures reflect the recent market activity and investor sentiment surrounding Shiba Inu, as traders and enthusiasts continue to monitor its price fluctuations and overall performance in the cryptocurrency market.

Also Read: Shiba Inu ($SHIB) Surges as Robinhood Delists Other Cryptocurrencies

Important: This article is intended solely for informational purposes. It should not be considered or relied upon as legal, tax, investment, financial, or any other form of advice.

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