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Shiba Inu Makes History with a Major Milestone and Sets the Stage for a Game-Changing Worldpaper Release, Paving the Way for the Shibarium Era – Will SHIB’s Surge Erase Yet Another Zero?

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  • The Shibarium testnet, Puppynet, records 25 million transactions, suggesting a possible increase in the SHIB price over time.
  • As the Shibarium mainnet release draws near, SHIB and BONE prices may experience significant rallies.

The second layer of the Shiba Inu blockchain, fondly referred to as Shibarium, has witnessed a significant milestone on its testnet, Puppynet. The platform has recently celebrated 25 million transactions, hinting at a massive surge in network activity. These developments suggest potential upticks in the SHIB and BONE prices long-term, as the thriving ecosystem continues to attract substantial demand.

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As per the Puppyscan blockchain explorer, since its inception on March 11, the beta version of Puppynet has impressively handled 25 million transactions. Amid an optimistic mood sweeping across the crypto landscape, the transaction rate has surged noticeably. On May 20, Puppynet had registered 10 million transactions, quickly doubling to 20 million by June 11.

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In terms of sheer volume, Shibarium’s Puppynet has surpassed 1.45 million total blocks processed. Accompanying this achievement, the number of wallet addresses has soared to almost 17 million. Through it all, the blockchain remains robust with an average block time of a mere five seconds, and gas fees hovering around 1 Gwei.

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As the crypto community keenly anticipates the announcement of the Shibarium mainnet, the leading developer Shytoshi Kusama has been dropping hints of its imminent release. Earlier this week, both Kusama and the SHIB marketing specialist Lucie hinted towards the nearing debut of Shibarium. Before this much-anticipated event, Lucie also plans to publish the “Worldpaper”, a detailed document delineating the Shiba Inu ecosystem’s various tokens, products, platforms, and services.

However, Kusama’s plans don’t end with the Shibarium release. Aiming for enhanced decentralization, he will step back from managing operations as BONE, Shibarium’s governance token, and other ecosystem tokens are set to be overseen by the community. This shift in governance aligns with Shiba Inu founder Ryoshi’s vision, empowering the community to take the reins and show the world that the ecosystem can sustain strong beginnings and end even stronger.

In the past 24 hours, the SHIB price has witnessed a slight dip of 3%, currently trading at $0.0000075. Yet, if the SHIB price maintains above $0.0000080, analysts suggest a possible 21% breakout rally. Concurrently, BONE has shown a more promising trend, climbing by 31% over the past week and trading at $0.95.

In the wake of these developments, the Shiba Inu ecosystem is bracing for the impending release of the Shibarium mainnet and the consequential transformation it could bring to the SHIB and BONE prices. As we continue to monitor this space, one thing is clear – the world of blockchain is abuzz with the remarkable progress of Shibarium and Shiba Inu’s ecosystem.

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Brian Johnson
Brian Johnson
A dedicated Bitcoin journalist passionate about uncovering the latest trends, developments, and innovations in the world of cryptocurrency, while delivering engaging and well-researched articles to inform and educate readers on the dynamic digital finance landscape.
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