Delighting Development from Meme Coin: Has the Expected Day Arrived?

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shiba inu‘s layer-2 Shibarium testnet “Puppynet” has reached a new milestone with the number of transactions on it approaching 30 million. This signals an increase in Shibarium network activity, signaling demand for the chain and, in the long run, an increase in prices for SHIB and Shibarium’s gas token Bone ShibaSwap (SHIB).

Shibarium Testnet Continues to Reach Puppynet Milestones

According to private blockchain explorer Puppyscan, shibarium beta Puppynet has completed 30 million transactions since its launch on March 11. Puppynet reached 10 million transactions on May 20 and 20 million on June 11. Meanwhile, the increase in the use of Shibarium is another milestone.

shibarium beta Puppynet The total number of blocks processed by has exceeded 1,700,764 and the number of wallet addresses has increased to 17,061,835. The blockchain remains stable as the average block time is 5-7 seconds and the gas fee is close to 1 Gwei. However, the number of daily transactions has dropped from 3 million to 2.6 million in the past few days.

However, the transaction rate and wallet addresses are expected to increase as lead developer Shytoshi Kusama announced the Worldpaper of the Shiba Inu ecosystem, all Shibarium partners and the TREAT token during the Blockchain Futurist Conference in August. The long-awaited Shibarium will likely launch on August 16, as it coincides with the Shiba Inu’s third anniversary.

SHIB and BONE Choose Price Momentum

Shiba Inu (SHIB) within a month and Bonnet ShibaSwap (BONE) prices rose 30% and 90% respectively. Whales and traders continue to show interest in the Shiba Inu ecosystem. The largest Shiba Inu whale has transferred 101.47 trillion SHIB tokens and 4 trillion SHIB tokens to eight new wallet addresses.

SHIB price is currently trading at $0.00000837, up 6% in the last 24 hours. The lowest and highest prices in 24 hours are $0.00000770 and $0.00000848, respectively.

Meanwhile, Shibarium’s gas token Bone ShibaSwap (BONE) is currently trading at $1.31, up 3%. The 24-hour lows and highs are $1.25 and $1.32, respectively.


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