New data reveals that Shibarium, Shiba Inu’s (SHIB) eagerly awaited layer-2 scaling solution, has already processed over 1 million transactions on its testnet, Puppynet. According to blockchain scanner Blockscout, the testnet recorded 1,076,331 transactions since its beta launch last week.
What Is Shibarium?
Shibarium is a layer-2 protocol built atop Ethereum (ETH), designed to enhance transaction speed and reduce costs for the Shiba Inu ecosystem—similar to Polygon (MATIC).
👉 Discover how Shibarium could revolutionize SHIB transactions
Key Metrics from Shibarium’s Testnet
- Transactions: 1,076,331+
- Unique Wallet Addresses: 200,000+
- Average Block Time: 7.7 seconds
- Gas Fees: Just 1.5 Gwei (less than pennies)
The Vision Behind Shibarium
Lead developer Shytoshi Kusama emphasized that Shibarium aims to achieve:
- Near-instant transactions (under seconds).
- Ultra-low fees (fractions of a cent).
- True decentralization for the SHIB ecosystem.
Why This Matters for SHIB Holders
IntoTheBlock reports that 70% of SHIB’s total supply is held by long-term investors, signaling strong anticipation for Shibarium’s mainnet launch.
👉 Learn why SHIB’s utility could skyrocket with Shibarium
Current SHIB Price Snapshot
At press time, SHIB trades at $0.00001, down 1.75% in 24 hours.
FAQ: Shibarium Testnet Explosion
1. What is Shibarium’s testnet called?
- Puppynet serves as Shibarium’s test environment before the mainnet release.
2. How fast are Shibarium’s testnet transactions?
- The average block time is 7.7 seconds, with fees under 1.5 Gwei.
3. When will Shibarium’s mainnet launch?
- No official date yet, but 70% of SHIB supply is held long-term, indicating high expectations.
4. How does Shibarium improve SHIB’s scalability?
- By operating as an Ethereum layer-2, it reduces congestion and fees while speeding up transactions.
5. Can I use Shibarium’s testnet now?
- Yes! Developers and users can explore Puppynet to test transactions and smart contracts.
6. Will Shibarium increase SHIB’s value?
- While adoption could boost utility, crypto prices depend on broader market factors.
Final Thoughts
With 1M+ testnet transactions and 200K+ wallets, Shibarium demonstrates strong early traction. Its focus on speed, affordability, and decentralization could redefine SHIB’s ecosystem—making it a project to watch.
For deeper insights into blockchain innovations, stay tuned to our updates.
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