Shibarium Beta Now Boast of Over 14M Wallets, What to Expect?

Shibarium Beta Now Boast of Over 14M Wallets, What to Expect?

Although Shibarium, the layer-2 network solution for the Shiba Inu ecosystem, is still in the beta testing stage, it is progressing admirably.

This accomplishment shows that the Shibarium beta network is undergoing extensive testing, which may reflect the probable adoption rate the Shiba Inu L2 network will experience after launch.

Puppynet, the network’s beta version, has recently crossed the 14 million wallet mark, according to data from Puppyscan, barely four weeks after the creators relaunched it with an updated Chain ID.

The total number of wallets on the Shibarium beta network is currently 14,061,584. The test network made this accomplishment within a month after it was redeployed on March 24.

Shiba Inu Shibarium Beta Network

Shiba Inu Shibarium Beta Network

Related Reading: Shiba Inu: Shibarium Release Could Be In 2-4 Months, Says Shytoshi

Shibarium Beta’s Remarkable Growth

Remember that on April 13, after the testnet had recovered from a shutdown that lasted for 14 hours, there were 3,122,259 (3.12 million) wallets. 

The test network’s wallet count has reached 14 million, a remarkable growth of 350% in just nine days.

Additionally, Puppynet has kept track of advancements in other parameters. 

At the time of reporting, there were 4,552,506 (4.55 million) total transactions on the network, with 68,782 daily transactions. 

Additionally, the network has processed 489,457 blocks in total. Despite the strain, the network’s average block time stays 5 seconds.

There is no doubt that significant testing is now being done on the Shibarium beta network, given the apparent increase in numerous metrics and performance indicators. 

The level of interest and engagement Shibarium can experience at launch can be inferred from these data.

Increased Interest in Bone ShibaSwap

A surge in interest has been observed in Bone ShibaSwap (BONE), the gas token for Shibarium, and the governance token for ShibaSwap. 

OKX recently highlighted the asset as one of the five meme tokens it may eventually offer.

BONE is the most popular choice out of 30K votes thus far, with 61% of voters requesting that the exchange include the asset ahead of others. 

The poll will remain open to users for 1 day and 23 hours. Given this, OKX recently accumulated 1.7 million BONE, moving him up to the 13th-largest BONE holder.

Read Also: Whales Accumulate Billions of Shiba Inu; What to Expect? 

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.

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