The Shiba Inu community continues to mark new milestones with its testnet, Shibarium, as a steady surge of users links their crypto wallets to the network. Shibarium’s testnet, also known as Puppynet, launched on March 11 and has seen an increase in overall transaction count over the past 24 hours.

Shibarium added almost a million transactions in a single day, catapulting past the 27 million mark and setting a new record. On June 13, a peak of 324,000 transactions was recorded, after which it slightly decreased over the following days. However, since June 19, the daily transactions have hovered around the 274,000 mark.

Consistent Growth In Wallet Links And Blocks

Alongside transaction growth, the number of wallets linked to Shibarium continues to rise, albeit slower, according to Puppyscan data. The current count of linked wallets is over 17 million, with no substantial spikes recorded recently.

The total blocks have increased to surpass 1.56 million, and the time required to create a new block has been reduced to 8.3 seconds.

Notably, the community anticipates the official launch of Shibarium’s mainnet, with excitement fueled by a statement from the lead developer of Shiba Inu and Shibarium, the elusive Shytoshi Kusama. The developer informed the SHIB army about the planned “launch strategy” for Shibarium, noting that the date and time have been confirmed.

The community speculates that the Shibarium mainnet could be launched between August 13 and 16 in Toronto, Canada, during the annual ETHToronto event. This event celebrates the creation of Ethereum, and given SHIB’s original launch on this blockchain, the community believes it would serve as a fitting tribute to Ethereum and its founder, Vitalik Buterin.

Awaiting The Launch Of Shibarium Mainnet

Kusama recently dropped a hint in a Telegram channel solely for Shibarium discussions, possibly confirming the theory regarding the mainnet’s launch date and location. Before this, he disclosed that Shiba Inu was “going somewhere” and clarified that this location would be outside the United States.

Regardless, Shiba Inu (SHIB) has been in a downward trend over the past 24 hours. The dog-themed meme coin has declined by nearly 4% and is currently trading for $0.00000745 at the time of writing. However, over the past week, SHIB’s market capitalization has surged by $200 million.

The asset’s trading volume has also recorded a slight surge in the past week from $100 million seen last Wednesday to $117 million in the past 24 hours.

Featured image from Shutterstock, Chart from TradingView

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Filed under: Bitcoin - @ July 6, 2023 2:00 am