Cryptocurrency

Shiba Inu (SHIB) Lead Developer Reacts to Shibarium’s Latest Impressive Milestone

Shytoshi Kusama, the lead developer of Shiba Inu, expressed his excitement as the Shibarium testnet, known as Puppynet, achieved a remarkable milestone with over 31 million transactions.

This accomplishment has caused a stir among the ShibArmy, as user activity and connected wallets continue to rise on Shibarium, the Shiba Inu Layer 2 (L2) network.

Shibarium Transactions Exceed 31 Million

On July 20, Cryptolight took to Twitter to announce the latest achievements of the Shibarium testnet. According to the update, the total number of transactions on Puppynet surpassed 31 million, accompanied by over 17 million connected wallet addresses.

An accompanying snapshot revealed that exactly 31,070,665 transactions were executed on the Shibarium testnet, with 17,062,340 wallet addresses connected. Additionally, the total blocks produced on the testnet amounted to 1,768,423, displaying an average block time of 7.4 seconds.

Reacting to these impressive numbers, Shytoshi Kusama expressed his excitement with an emoji, reflecting his enthusiasm about the progress.

Continued Growth: Shibarium Transactions Reach 32 Million

Within just four days, the Shibarium testnet witnessed the execution of over one million additional transactions, bringing the total to 32,016,335 transactions.

Today alone, 256,001 transactions were conducted, as reported by the network explorer Puppyscan. The number of connected wallet addresses also experienced a slight increase, reaching 17,062,515. Meanwhile, the total blocks on Puppynet reached 1,821,866 by July 24.

These heightened levels of engagement on Puppynet are occurring as the anticipated launch of the Shibarium mainnet draws closer. Kusama previously hinted at the live deployment of the Layer 2 scaling solution during the upcoming Blockchain Futuristic Conference in Toronto, scheduled for August.

Positive Outlook for Shiba Inu Ecosystem Tokens

Given these positive developments, Cryptolight and other community members are optimistic about the future of Shiba Inu ecosystem tokens, such as SHIB, BONE, and LEASH. Cryptolight confidently stated, “We will see positive price events in the coming weeks of SHIB, BONE, and LEASH.”

As of press time, SHIB is trading at $0.00000765, with about a 3% decrease in the past 24 hours. Speculations from Fintech specialists suggest that the launch of the Shibarium mainnet could potentially trigger a rally in the SHIB price, but only time will tell if this proves to be true.


Follow us on Twitter, Facebook, Telegram, and Google News

Adedoyin Aka

Adedoyin is a graduate of Law and a Crypto & Blockchain expert who strongly believes that Blockchain is the future. At TimesTabloid, she focuses on crypto and blockchain educational content.

Recent Posts

Best Cryptos to Buy in November 2024: Learn More About Qubetics, Polkadot, and Avalanche

The crypto market is buzzing again, and November 2024 is shaping up to be one…

2 hours ago

XRP Price Spikes As SEC Chair Gensler Officially Announces Resignation Date

Gary Gensler, Chair of the U.S. Securities and Exchange Commission (SEC), has officially announced he…

2 hours ago

The Best Casino Games That You May Be Overlooking

Asking a bettor what their favorite casino games are will always result in one of…

3 hours ago

Biggest In Almost 3 Years: Something Big Is Coming For XRP

A prominent cryptocurrency market analyst, Armando Pantoja, has suggested that XRP might be on the…

3 hours ago

Explosive Crypto Bull Run 2024! Don’t Miss the Biggest Opportunity of the Decade!

As the new year dawns, the crypto world is buzzing with predictions of an epic…

4 hours ago

Ike Goes Live on Mainnet: Unlocking Liquid Staking on Aleph Zero

London, United Kingdom, 21st November 2024, Chainwire

4 hours ago