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Monday, February 26, 2024

Shibarium Beta “Puppynet” Accomplishes New Milestone

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Shiba Inu

  • The number of wallet addresses has now exceeded 15 million.
  • The current price of SHIB is $0.000008699.

Reports indicate that Shibarium beta “Puppynet” has successfully processed 9,388,100 transactions since its launch on March 11. The current average block time on Shibarium beta “Puppynet” is 5.0 seconds, resulting in a total block number of 886,312.

Shibarium beta transactions (source : PuppyScan)

Furthermore, the number of wallet addresses has surpassed 15 million, reaching a significant count of 15,798,252. The data indicates that the burning of SHIB tokens has resulted in the elimination of a total of 5,079,812 tokens within the past 24 hours.

Shibarium, a layer-2 (L2) blockchain network being developed for Shiba Inu, will revolutionize the memecoin by establishing a complete ecosystem. Despite Ethereum’s transition to a proof-of-stake (PoS) blockchain architecture via the Merge, scalability continues to pose difficulties, despite the blockchain’s robust security framework. To overcome this, Shibarium, functioning as a PoS project seeks to enhance scalability for Shiba Inu while keeping it integrated with the Ethereum blockchain.

SHIB has experienced a decrease of 0.86% in the past 24 hours. At the moment, the price of SHIB stands at $0.000008699, accompanied by a 24-hour trading volume of $100,195,844.

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