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HomeCryptocurrencyShiba Inu (SHIB) Team Unveils Exciting Updates About This Major Project: Details

Shiba Inu (SHIB) Team Unveils Exciting Updates About This Major Project: Details

In a groundbreaking announcement, RagnarShib, an official member and admin of Shibarium’s Telegram group, revealed significant progress in the ongoing development of the Layer-2 blockchain’s testnet version.

The Shiba Inu community is excited as Puppynet, the affectionate name for the Shibarium testnet, experiences an unprecedented surge in growth and activity.

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Puppynet: A Thriving Ecosystem

RagnarShib took to Twitter to share a screenshot of a message from DaVinci, a core developer, lauding the remarkable growth and bustling activity on Puppynet. DaVinci urged Shiba Inu enthusiasts to closely monitor the project’s advancements as developers meticulously refine and enhance its capabilities.

Explosive Growth on Puppynet

Puppynetscan data showcases Puppynet’s exponential growth since its inception in March 2023. The testnet has processed an astonishing 48.93 million transactions, with a daily volume averaging 241,260.

It’s worth noting that Puppynet’s daily transaction volume skyrocketed to an astounding 412,220 on November 23.

The number of wallets actively engaging with the Shibarium testnet has witnessed an extraordinary surge, reaching a staggering 17.08 million. Additionally, the total number of blocks minted on Puppynet currently stands at an impressive 3,004,463.

While the testnet version of Shibarium boasts impressive statistics, its mainnet counterpart has also experienced significant growth. The number of transactions processed on Shibarium mainnet has now surpassed 4.15 million, further solidifying the platform’s position as a force to be reckoned with.

Empowering Community-Driven Development

Despite these monumental achievements, the Shiba Inu developers remain committed to fortifying the network’s adoption and security.

Led by the esteemed Shytoshi Kusama, the team recently introduced a “Donate” feature for the L2 blockchain, empowering the community to contribute financially towards supporting the network’s security and sustained growth.

The unwavering dedication of the Shiba Inu team to continuous development and community engagement is evident in the remarkable growth of both the Shibarium testnet and mainnet.

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With transaction volumes soaring and wallet addresses multiplying, Puppynet stands as a testament to the Shiba Inu ecosystem’s unwavering commitment to decentralization, scalability, and community-driven innovation.

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As the project continues to evolve, the Shiba Inu community eagerly awaits further updates on the remarkable journey of Shibarium’s development.

Looking Ahead to a Bright Future

As Shibarium’s development progresses, the Shiba Inu team is poised to unlock even greater potential for the blockchain ecosystem. With the recent surge in activity and adoption, the stage is set for the crypto project to establish itself as a formidable player in the world of decentralized finance.

The team’s emphasis on community involvement and continuous improvement ensures that Shiba Inu will continue to evolve and meet the needs of its growing user base. Stay tuned for more updates on the exciting journey of Shibarium and the Shiba Inu community’s ongoing success.


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Adedoyin Aka
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.
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