Shiba Inu Community Hits New Milestones with Shibarium Testnet
The Shiba Inu community continues to achieve new milestones with its testnet Shibarium, as more users connect their crypto wallets to the network. Shibarium, also known as Puppynet, was launched on March 11th and has seen an increase in total transactions in the past 24 hours.
Shibarium added nearly a million transactions in a single day, surpassing the 27 million mark and setting a new record. On June 13th, a peak of 324,000 transactions was recorded, and the number slightly decreased in the following days. However, daily transactions have been averaging around 274,000 since June 19th.
In addition to transaction growth, the number of wallets connected to Shibarium is also increasing, albeit at a slower pace, according to data from Puppyscan. Currently, over 17 million wallets are linked to Shibarium, with no significant spikes reported recently.
The total number of blocks has surpassed 1.56 million, and the time required to create a new block has been reduced to 8.3 seconds.
The community is particularly anticipating the official launch of the Shibarium mainnet, fueled by a statement from Shiba Inu and Shibarium’s lead developer, the elusive Shytoshi Kusama. The developer informed the SHIB army about the planned “launch strategy” for Shibarium, confirming the date and time.
The community speculates that the Shibarium mainnet could be launched between August 13th and 16th in Toronto, Canada, during the annual ETHToronto event. This event celebrates the founding of Ethereum, and given that SHIB was originally launched on that blockchain, the community believes it would be a fitting homage to Ethereum and its founder, Vitalik Buterin.
Waiting for the Launch of Shibarium Mainnet
Kusama recently left a hint in a Telegram channel exclusively for Shibarium discussions, potentially confirming the theory regarding the mainnet’s launch date and location. He previously hinted that Shiba Inu is “going somewhere” and clarified that this place would be outside of the United States.
Regardless, in the past 24 hours, Shiba Inu (SHIB) has been on a downward trend. The meme-themed dog coin has dropped by almost 4% and is currently trading at $0.00000745 at the time of writing. However, SHIB’s market capitalization has increased by $200 million in the past week.
The Shiba Inu (SHIB) price has been moving sideways on the 4-hour chart. Source: SHIB/USDT on TradingView.com
The trading volume of the asset has also seen a slight increase in the past week, from $100 million last Wednesday to $117 million in the last 24 hours.
Selected image from Shutterstock, chart from TradingView.
