Shiba Inu’s Puppynet Blockchain Achieves Unprecedented 20M Transaction

Key Points:

• Shibarium’s Puppynet test network processed over 20 million transactions from 16 million wallets in 5 seconds on average. This suggests high demand for the network, which could increase the value of SHIB and BONE tokens.
• One of the biggest SHIB investors added $10 million worth of tokens to holdings.
• A virtual land metaverse based on Shibarium, allowing users to explore and interact with lands, is planned for partial release later this year.

Shibarium network’s native test network, Puppynet, has already crossed an impressive milestone of more than 20 million transactions made through 16 million wallets.

This is indicative of the network’s popularity and the increasing interest that it is generating among potential users and investors. The test networks, such as Puppynet, are designed to mimic the activity on the mainnet and allow developers to identify and debug any issues that may arise before the wider release.

Interestingly, the average transaction time was only five seconds, which is an impressive feat that highlights the network’s capabilities. The Puppeynet blockchain scanners have been able to provide insightful data into the blockchain network’s activity and transactions, which can prove to be highly valuable for developers and investors alike.

Furthermore, the participation and adoption rate of the network have been quite promising, suggesting that there is a growing demand for the network. This, in turn, could potentially boost the value of the Shibarium ecosystem tokens, such as SHIB and BONE, in the future. The on-chain data shows that one of the biggest SHIB investors added another $10 million worth of the tokens to their holdings on Monday, bringing their total holdings to 5.3 trillion SHIB, which is currently worth $35 million.

Shibarium has been touted as a major development for the Shiba Inu ecosystem, which initially started as a meme coin based on the popular Shiba Inu dog breed but has since evolved into a serious blockchain project. The network’s upcoming virtual land metaverse, which is set to be partially released later this year, is a highly anticipated development. It will allow users to create their own humanoid dog avatars and explore, visit and interact with different lands, as well as contribute to the in-game economy. This will undoubtedly solidify Shibarium’s position as a significant player in the blockchain industry.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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