Altcoin News

Shiba Inu News: Shibarium Testnet ‘PuppyNet’ Reaches New Milestones, SHIB & BONE Jumps

Shiba Inu's layer-2 Shibarium testnet “Puppynet” transactions approaches 30 million as utility rises. SHIB and BONE prices jump higher.
Published by
Shiba Inu News: Shibarium Testnet ‘PuppyNet’ Reaches New Milestones, SHIB & BONE Jumps

Shiba Inu’s layer-2 Shibarium testnet “Puppynet” hit another milestone as the number of transactions on it now approaches 30 million. This indicates an increase in Shibarium network activity, hinting at its demand for the chain and a boost in SHIB and Shibarium’s gas token Bone ShibaSwap (SHIB) prices in the long term.

Advertisement

Shibarium Testnet Puppynet Continues to Hit Milestones

According to the dedicated blockchain explorer Puppyscan, Shibarium beta Puppynet completes 30 million transactions since its launch on March 11. Puppynet hit 10 million transactions on May 20 and 20 million transactions on June 11. Meanwhile, the increase in the utility of Shibarium is another milestone.

The total blocks processed by Shibarium beta Puppynet surpassed 1,700,764 and the number of wallet addresses increased to 17,061,835. The blockchain remains stable as the average block time is 5-7 seconds and the gas fee is near 1 Gwei. However, the number of daily transactions has dropped from over 3 million to 2.6 million in the past few days.

However, the transactions rate and wallet addresses are expected to rise as lead developer Shytoshi Kusama reveals the Shiba Inu ecosystem’s Worldpaper, all Shibarium partners, and TREAT token during the Blockchain Futurist Conference in August. As it coincides with Shiba Inu’s third anniversary and is also the birthplace of Ethereum, the long-awaited Shibarium is to likely release near August 16.

Also Read: Cathie Wood’s Ark Invest Sells $53 Million In Coinbase Shares, Buys Meta and Robinhood

Advertisement

SHIB and BONE Price Picks Momentum

In a month, Shiba Inu (SHIB) and Bone ShibaSwap (BONE) prices have rallied by 30% and 90%, respectively. Whales and traders continue to show interest in the Shiba Inu ecosystem. The largest Shiba Inu whale with 101.47 trillion SHIB tokens transferred 4 trillion SHIB tokens to eight new wallet addresses.

SHIB price currently trades at $0.00000837, up 6% in the last 24 hours. The 24-hour low and high are $0.00000770 and $0.00000848, respectively.

Meanwhile, Shibarium’s gas token Bone ShibaSwap (BONE) currently trading 3% up at $1.31. The 24-hour low and high are $1.25 and $1.32, respectively.

Also Read: US Fed Suer Intervenes US SEC Lawsuit Against Binance And CEO “CZ”

Advertisement

Share
Varinder Singh

Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space. At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting. Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • News

Breaking: 21Shares Amends Sui ETF with Staking, Nasdaq Listing, Other Key Details

21Shares updates its Sui ETF application with the U.S. Securities and Exchange Commission (SEC). The…

October 24, 2025
  • News

Binance’s Changpeng Zhao Takes on Senator Elizabeth Warren On False “Fraud” Allegations

Following US President Donald Trump's announcement of a prison pardon to Binance founder Changpeng Zhao…

October 24, 2025
  • News

Trump Tariffs: Crypto Market Volatility Looms As US President Terminates Trade Talks With Canada

The crypto market is bracing for volatility after the U.S. President announced the termination of…

October 24, 2025
  • News

Coinbase CEO Says Market Structure Bill Will Pass by Year-End Despite Government Shutdown

Coinbase CEO Brian Armstrong has said he expects the long-awaited U.S. crypto market structure bill…

October 24, 2025
  • News

Breaking: Trump To Meet China’s President On October 30, Bitcoin Bounces

Bitcoin surged above $111,000 after confirmation that President Donald Trump and Chinese President Xi Jinping…

October 23, 2025
  • News

Breaking: Trump Pardons Binance’s Changpeng “CZ” Zhao, BNB Spikes

U.S. President Donald Trump has reportedly pardoned Binance founder Changpeng "CZ" Zhao for his conviction…

October 23, 2025