Shibarium, the Layer 2 solution developed by the Shiba Inu team, is gaining significant traction as its Beta Testnet, known as Puppynet, demonstrates impressive growth. In the past two weeks alone, the total number of transactions processed on Puppynet has surged by 17%, surpassing a remarkable milestone of 30 million transactions.
Shibarium Puppynet spikes 17% in terms of Transaction Volume
According to the latest data from Puppyscan, a platform that monitors Puppynet’s activities, the network has successfully handled 30,245,178 (30.24 million) transactions. This figure represents a 17% increase compared to June 30th, when the total transaction count stood at 25,686,610 (25.68 million).
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One notable aspect of Puppynet is its efficient and speedy transaction processing. The average block time on the network is currently set at an impressive 5 seconds. This indicates that transactions are being processed quickly and efficiently, enhancing the overall user experience. Additionally, the beta version of Shibarium has made notable advancements in terms of block processes. The total number of processed blocks is on the verge of reaching 1.8 million, with the current count at 1,727,857 (1.72 million). This represents a 15% increase compared to the 1,491,267 (1.49 million) blocks processed on June 30th.
In addition to the surge in transaction volume, Puppynet has also witnessed a significant increase in the creation of new wallets. Over the past two weeks, 54,411 wallets have been created, bringing the total number of addresses connected to the Shibarium beta on Puppynet to 17,062,130 (17.06 million).
Shibarium’s Puppynet Impressive growth follows Shytoshi Kusama’s announcement
This surge in network activity follows an announcement made by Shytoshi Kusama, the lead developer of SHIB. Kusama confirmed the long-awaited launch of Shibarium Mainnet at the upcoming Blockchain Futurist Conference, scheduled for August 15th and 16th. The event, where Shiba Inu has been named as the Title sponsor, is set to provide a platform for showcasing the capabilities and potential of Shibarium.
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Shibarioum mainnet edges close
Further demonstrating the progress and preparation for the mainnet launch, the Shiba Inu team has closed the intake form submissions for Shibarium. This indicates that the project is advancing towards its next major milestone and is making significant strides in ensuring a smooth and successful launch of its Mainnet.
As anticipation builds for the mainnet launch of Shibarium, the growth and achievements observed on Puppynet highlight the increasing interest and confidence in this Layer 2 solution. With its efficient transaction processing, growing user base, and the upcoming Blockchain Futurist Conference, Shibarium is poised to make a substantial impact in the blockchain industry.