HomeNewsShibarium Surges: Shiba Inu's Transaction Milestone Hits 20 Million, Paving the Way...

Shibarium Surges: Shiba Inu’s Transaction Milestone Hits 20 Million, Paving the Way for the Woofpaper V2 Release

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  • Shibarium, the beta testnet of Shiba Inu, marked a significant milestone by surpassing 20 million transactions.
  • The native gas token of Shibarium, Bone ShibaSwap (BONE), is gaining considerable attention from crypto exchanges, signifying the increasing recognition and adoption of the Shiba Inu ecosystem.

Shibarium, the Beta Testnet of the burgeoning Shiba Inu ecosystem, has reached an impressive milestone by surpassing 20 million transactions. Dubbed Puppynet, the network has seen a substantial surge in transaction volume over the past month.

Data furnished by Puppyscan, the official block explorer for Puppynet, showcases a striking 157% month-on-month surge in transaction volume. The network hit a new milestone with over 20.47 million transactions, handling an average of nearly 492,000 transactions daily.

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In a testament to the network’s escalating popularity and widespread adoption, Puppynet processed a staggering 12.51 million transactions in the past month alone. For context, on May 15th, the total transaction volume stood at a mere 7.95 million.

The remarkable increase in transaction volume coincides with significant advancements in multiple metrics within the Shibarium Beta Testnet. As of now, Puppynet boasts over 16.72 million registered addresses, representing an 8% month-on-month increase. Meanwhile, the network has processed over 1.23 million blocks, with the average block time remaining constant at five seconds, demonstrating the network’s robust capacity despite the increased load.

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Drawing from this momentum, Bone ShibaSwap (BONE), the native gas token of Shibarium, is emerging in the spotlight. Recently, Unocoin, one of India’s leading cryptocurrency exchanges, announced its support for BONE on its platform, underpinning the token’s growing stature in the crypto world.

In a recent telegram discussion, Shytoshi Kusama, the lead developer of Shiba Inu, hinted at more exciting developments for the Shiba Inu ecosystem. A new release of Woofpaper V2 is slated for early July, which promises to usher in an array of features and enhancements to further propel the Shiba Inu platform.

In summary, the impressive transaction numbers indicate Shibarium’s potential for wider adoption and use in the blockchain space, signifying a critical milestone in the Shiba Inu project’s journey.

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Jane Smith
Jane Smith
As a Bitcoin Journalist, I am dedicated to reporting the latest developments in cryptocurrency, with a particular focus on Bitcoin. Through extensive research and interviews with industry experts, I provide accurate and up-to-date information on the ever-evolving world of cryptocurrencies. My goal is to help readers stay informed and make informed decisions regarding their investments in this rapidly changing field.
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