The Shiba Inu layer-2 Shibarium testnet dubbed “Puppynet” has hit two outstanding milestones at the same time. In only a few months after the beta test went live, the protocol recorded impressive growth in the number of transactions performed on it as well as the volume of wallet addresses.
According to its dedicated blockchain explorer PuppyScan, at the time of this writing, the total number of transactions on Shibarium beta had reached 25,505,315 while the number of wallet addresses is now at 17,001,839.
The rate at which the number of transactions is rising is quite intriguing. A few hours ago, the total number of transactions on Puppynet was sitting at 25,466,859 with the total number of wallet addresses at 17,001,830. Currently, the total number of processed blocks is 1,483,165 at an average block time of 7.5 seconds.
Shytoshi Kusama’s Tweet Spark Excitement
Also, Shytoshi Kusama, SHIB lead developer posted a tweet alongside a 19-seconds video clip. In his tweet, he noted that “#wen is so last year. The real question is… #WHERE?”.
His tweet consisted of so many hashtags including #SHIBARMY #SHIBARIUM #SHIBOSHIS #SHIBAETERNITY #MVSHIB #SHIBACALS #WELLY #UNIFICATION #BADIDEAI #SEEYOUTHERE.
#wen is so last year. The real question is… #WHERE? #SHIBARMY #SHIBARIUM #SHIBOSHIS #SHIBAETERNITY #MVSHIB #SHIBACALS #WELLY #UNIFICATION #BADIDEAI #SEEYOUTHERE pic.twitter.com/vLDAXVwWGn
— Shytoshi Kusama™ (@ShytoshiKusama) June 29, 2023
The video which had just a few captions seemed to provide more insight into his tweet. In this video, there is some motion lettering which reads “Something is coming. Actually, we are going somewhere.”
This was followed by a picture of the dog-head SHIB logo. Consequently, this tweet has sparked excitement amongst SHIBArmy community members. So far, it has had over 1,500 retweets and more than 4,500 likes.
Shibarium’s Capabilities Attracts Many Companies
Shibarium was designed as an L2 blockchain platform that permits the development of Decentralized Applications (DApps).
Its unique design allows for the easy integration of real-life businesses, and power projects with it. Two of its key potential is the ability to reduce gas fees and increase scalability. These intrinsic benefits attract a higher volume of transactions that are completed at lower costs.
Already, several hundred companies have indicated interest to integrate Shibarium on their platforms.
- Michael Saylor Credits Bitcoin for Strategy’s Outperformance Over ‘Mag 7’ Stocks
- XRP Overtakes Shopify, Verizon, Citigroup in Market Value as Price Eyes $6
- Altcoin Season Index Hits New High As ETH, SOL, DOGE, and XRP Rally
- ‘Huge Breakthrough,’ Peter Brandt Says as Dogecoin Reclaims $0.30 Ahead ETF Launch
- Bitcoin Bull Cycle Could Extend To 2026, Arthur Hayes Predicts
- Bitcoin Price Q4 Rally Looms as ETF Inflows Hit $642M—Analyst eyes $150K
- Pepe Coin Price Prediction as the Token Jumps Nearly 20% – Will Whale Accumulation Take it to $0.00003?
- Pi Coin Price Prediction As Adam & Eve Pattern Signals Breakout Rally To $0.45 Ahead
- HBAR Price Prediction Amid DTCC Listing and Archax Expansion — Is $0.50 Next?
- Ethereum Price Eyes a 40% Surge as Morgan Stanley Shifts Fed Cuts Forecast