(MENAFN- CoinXposure)
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, suggesting a demand for the chain and a long-term price increase for SHIB and Shibarium's gas token, Bone ShibaSwap (SHIB).
Shibarium beta Puppynet has completed 30 million transactions since its March 11 launch, according to Puppyscan, a blockchain explorer.
On May 20 and June 11, Puppynet reached 10 million and 20 million transactions, respectively. Moreover, the increase in Shibarium's usefulness is a significant achievement.
The total number of blocks processed by Shibarium beta Puppynet has surpassed 1 700 764, while the number of wallet addresses has risen to 1 7061 000.
The blockchain remains stable, as the average block time is between five and seven seconds and the gas fee is close to one Gwei.
However, daily transactions have decreased from over 3 million to less than 2.6 million over the past few days.
In August, however, lead developer Shytoshi Kusama will unveil the Shiba Inu ecosystem's Worldpaper, all Shibarium partners, and the TREAT token at the blockchain futurist conference .
This is anticipated to increase the transaction rate and wallet addresses.
As August 16 coincides with the third anniversary of Shiba Inu and the birthplace of Ethereum, the long-awaited Shibarium will likely be released around that date.
See also shibarium's wallet addresses reach 11 million 3 months ago
Shiba Inu (SHIB) and Bone ShibaSwap (BONE) prices have increased by 30% and 90%, respectively, in the past month.
The Shiba Inu ecosystem continues to be of interest to whales and traders. With 101.47 quadrillion SHIB tokens, the enormous Shiba Inu whale transferred four quadrillion SHIB tokens to eight new wallet addresses.
The SHIB price is currently $0.00000837, up 6% in the last twenty-four hours. The low and high for the past 24 hours are $0.00000770 and $0.00000848, respectively.
Shibarium's gas token, Bone ShibaSwap (BONE), is currently trading at $1.31, up 3% from its previous price. The 24-hour low is $1.25, and the 24-hour high is $1.32.