- Shibarium’s testnet Puppynet has crossed over 20 million transactions from 16 million wallets, indicating substantial activity as it nears mainnet release.
- The strong participation on Puppynet could forecast an increase in the value of SHIB and BONE, the two tokens in the Shibarium ecosystem, given the network’s high demand.
The testnet of the Shibarium network, famously known as Puppynet, has sparked interest in the blockchain community, crossing over 20 million transactions from an impressive count of 16 million wallets. This surge in activity hints at a potential demand for the network, which could consequently lead to an appreciation in the value of SHIB and BONE tokens, both integral components of the Shibarium ecosystem.
Testnets, like Puppynet, are essentially experimental playgrounds for blockchain networks, constructed to mirror the activity on the mainnet. This mimicking allows developers to identify, troubleshoot, and rectify any potential issues while scrutinizing the network activity before a broader release.
Data from Puppynet blockchain scanners suggest an average transaction time of five seconds, showcasing the network’s impressive speed. Moreover, on-chain data revealed that a substantial SHIB investor added another $10 million worth of the tokens to their holdings on Monday. This increased the investor’s total SHIB holdings to a staggering 5.3 trillion SHIB, equivalent to $35 million at current rates.
Shibarium’s evolution is marked as a significant stride for the Shiba Inu ecosystem. What started as a meme coin, inspired by the popular Shiba Inu dog breed, has gradually metamorphosed into a serious blockchain project, making waves in the crypto community.
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Adding to the excitement, Shibarium has also announced plans for a virtual land metaverse, scheduled for a partial release later this year. This innovative venture would enable users to create their own avatars, envisaged as humanoid dogs, that could explore, interact with lands, and contribute to the in-game economy.
The intriguing blend of high activity on the Puppynet, the immense token purchase by the SHIB whale, and the planned release of the metaverse all signal a significant leap for the Shibarium network, setting a potentially robust stage for its mainnet debut in the coming months.
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