HomeNewsShibarium's Meteoric Utility Surge: Countdown to Mainnet Launch Begins

Shibarium’s Meteoric Utility Surge: Countdown to Mainnet Launch Begins

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  • Shibarium utility has seen a significant increase, recording nearly 29 million transactions within just two days.
  • Despite the surging activity, the number of SHIB wallets linked to Shibarium remains unchanged at over 17 million, while awaiting the launch of the mainnet.

The SHIB ecosystem has seen a major upswing in activity recently, according to data from the Puppyscan explorer. Notably, Shibarium, a testnet associated with the Shiba Inu token, has experienced an explosive increase in utility, reaching an all-time high within the last two days.

Transacting at Breakneck Speeds

Indeed, the transaction count on Shibarium has grown dramatically, nearing a total of 29 million. If this trend persists, it’s plausible that we could witness the transaction tally reach an impressive 30 million mark by the end of the week. This surge in activity is particularly notable considering that the number of wallet addresses connected to Shibarium’s beta version, known as Puppynet, remains constant at 17,061,579. No additional wallets have linked to the network for at least the past week.

Launched on March 11, Puppynet has been closely followed by the SHIB community, eagerly awaiting the next development phase dubbed “Shibarium”. In response to constant queries regarding the timeline of the Shibarium rollout, lead developer Shytoshi Kusama initially suggested it would be “well before May”. However, as the questions persisted into June, Kusama clarified that his statement was misinterpreted, and he was not pinning down specific dates for the launch.

This highly anticipated next step in SHIB’s growth journey, Shibarium, is slated to go live post-August 16, following the Eth Toronto conference. At this event, SHIB will feature prominently as one of the sponsors, and it is here that major SHIB-associated projects are expected to be unveiled. Kusama is also due to deliver a virtual speech, facilitated by AI, maintaining his stance on preserving his anonymity.

Lucie, the official marketing specialist for Shiba Inu, recently shared via Twitter that no exact date for Shibarium’s mainnet release has been decided. However, she indicated that the development team is in the final stages of the project, ramping up excitement within the SHIB community.

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Nikita Dmitrievich
Nikita Dmitrievichhttps://www.ethnews.com/
Nikita, a young and ambitious crypto investor who has been actively involved in the cryptocurrency world for the past 6 years. With a keen interest in blockchain technology, Nikita has been investing in various cryptocurrencies and has seen significant returns on his investments. He is passionate about educating others on the potential of cryptocurrencies and frequently shares his insights on social media platforms. Nikita believes that cryptocurrencies are the future of finance and is constantly researching new projects to invest in. With his dedication and knowledge, Nikita is quickly becoming a prominent figure in the crypto community. Business Email: info@ethnews.com Phone: +49 160 92211628