Shibarium Testnet Reaches New Milestones, SHIB & BONE Prices Jump

Shiba Inu (SHIB)

Shiba Inu’s layer-2 Shibarium testnet, “Puppynet,” sees a surge in transactions, nearing 30 million, as utility increases. This rise in activity reflects in higher prices for SHIB and BONE tokens.

Shiba Inu’s layer-2 Shibarium testnet, “Puppynet,” reached a new milestone with nearly 30 million transactions. This highlights the growing activity on the network, indicating increased demand and potentially impacting SHIB and Bone ShibaSwap (SHIB) token prices positively in the future.

Shibarium Testnet Puppynet Hits New Milestones:

Shibarium beta Puppynet has achieved 30 million transactions since its launch on March 11, according to Puppyscan blockchain explorer. The network reached 10 million transactions on May 20 and 20 million transactions on June 11, signifying significant growth. The increasing utility of Shibarium is also a noteworthy milestone.

Shibarium beta Puppynet has processed over 1,700,764 blocks, and the number of wallet addresses has grown to 17,061,835. The blockchain shows stability with an average block time of 5-7 seconds and a gas fee near 1 Gwei. However, there has been a slight decline in daily transactions, dropping from over 3 million to 2.6 million in recent days.

The transactions rate and wallet addresses are anticipated to increase soon as lead developer Shytoshi Kusama will unveil the Shiba Inu ecosystem’s Worldpaper, Shibarium partners, and TREAT token at the Blockchain Futurist Conference in August. This coincides with Shiba Inu’s third anniversary and the birthplace of Ethereum, hinting at the possible release of Shibarium around August 16.

SHIB & BONE Prices Soar:

Over the past month, Shiba Inu (SHIB) and Bone ShibaSwap (BONE) prices have surged by 30% and 90%, respectively. The Shiba Inu ecosystem continues to attract attention from whales and traders. Notably, the largest Shiba Inu whale holding 101.47 trillion SHIB tokens recently transferred 4 trillion SHIB tokens to eight new wallet addresses.

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Currently, SHIB is trading at $0.00000837, showing a 6% increase in the last 24 hours. The lowest and highest points in the past 24 hours were $0.00000770 and $0.00000848, respectively.

Shibarium’s gas token, BONE, is currently trading at $1.31, marking a 3% increase. The lowest and highest points in the last 24 hours were $1.25 and $1.32, respectively.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

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