Shiba Inu: Shibarium Testnet Records Impressive 25M Transactions and 17M Wallets

Shiba Inu, known for its dedicated and strong community, continues to expand its ecosystem alongside its growing user base. One notable milestone in its development is the successful achievement of Shibarium during its beta testing phase.

According to the latest update from Puppyscan, the official block explorer for Shibarium’s testnet called Puppynet, there has been significant growth in total transactions and wallet addresses. These metrics indicate the substantial potential for the main network’s launch.

During its beta testing phase, Puppynet has witnessed over 25 million total transactions, showcasing the high level of activity within the network. Additionally, the ecosystem has attracted more than 17 million wallet addresses, indicating a growing interest and active participation from users.

As of the current time, Puppyscan data reveals impressive statistics for Shibarium’s beta testing phase. There have been 25,686,610 total transactions recorded, with an average block time of fewer than seven seconds, showcasing the network’s efficiency and speed.

Moreover, the platform has attracted a remarkable 17,007,722 wallet addresses, indicating its scalability and growing user base. This accomplishment serves as a significant milestone for the protocol, highlighting its ability to handle a large number of transactions and demonstrating its overall efficiency.

Puppyscan’s data also indicates notable advancements in block processing within the Shibarium beta. The total count of processed blocks is rapidly approaching the 1.5 million milestones, currently standing at 1,491,267.

Puppynet’s Past Records

Around two weeks ago, the Shiba Inu team made updates and reset the Shibarium explorer, as reported by Fxcryptonews. At that time, the total number of transactions had just surpassed 20,073,000, and there were fewer than 1,353,000 blocks.

However, there has been substantial growth since then, with the transaction count increasing by over 24% to reach 25 million. Similarly, wallet addresses have risen from about 13,359,000 to over 17 million.

These remarkable milestones achieved on the Shibarium testnet contribute to the excitement and positive outlook surrounding the forthcoming mainnet release. The significant growth in total transactions, wallet addresses, and block processes highlights the potential of Shibarium to revolutionize the Shiba Inu ecosystem and solidify its position as a prominent player in the cryptocurrency space.

As of the time of writing, Shiba Inu is currently being traded at $0.000007587, with an increase of 3.54% in the last 24 hours.

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.