‘Puppynet’, the Shiba Inu Testnet Blockchain, surpasses 20M transactions.
- The Shibarium testnet is showing brisk activity, indicating demand that could increase the value of SHIB tokens in the long term.
The native test network of the Shibarium network, Puppynet, has processed over 20 million transactions from 16 million wallets, and is approaching a mainnet release in the next few months.
Testnets, like Puppynet, are blockchain networks designed for testing purposes. They simulate activity on the mainnet and enable developers to debug any issues and monitor network activity prior to a wider release.
According to Puppeynet blockchain scanners, the average transaction time was five seconds.
This level of participation suggests demand for the network, which could ultimately increase the value of SHIB and BONE, two tokens in the Shibarium ecosystem.
- Ethereum forms golden cross, can it save crypto?
- Buy Chancer token on June 13th presale launch?
- North Korea’s Cyber Army stole $3 billion in crypto to fund nuclear program.
On-chain data shows that one of the largest SHIB investors added another $10 million worth of tokens to their holdings on Monday, bringing their total holdings to 5.3 trillion SHIB, which is worth $35 million at current prices.
Shibarium is considered a major development for the Shiba Inu ecosystem, which began as a meme coin modeled after the popular Shiba Inu dog breed and has grown into a serious blockchain project.
A virtual land metaverse based on Shibarium is scheduled for partial release later this year. This will allow users to create their own avatars, fashioned as humanoid dogs, to explore, visit, and interact with lands, as well as contribute to the in-game economy.
Edited by Sheldon Reback.
