1. BITBILIHome
  2. Article

Shiba Inu’s Layer-2 Shibarium Testnet Puppynet Nears 30 Million Transactions

• 168 views

TL;DR Breakdown

  • Shiba Inu’s layer-2 Shibarium testnet, Puppynet, is nearing a significant milestone of 30 million transactions
  • Shibarium beta Puppynet has completed 30 million transactions, processed over 1,700,764 blocks, and the number of wallet addresses has increased to 17,061,835.
  • Lead developer Shytoshi Kusama is expected to reveal the Shiba Inu ecosystem’s Worldpaper, all Shibarium partners, and the TREAT token at the Blockchain Futurist Conference in August.

Description

The Shiba Inu ecosystem is making waves in the blockchain world as its layer-2 Shibarium testnet, known as Puppynet, approaches a significant milestone of 30 million transactions. This surge in network activity is a testament to the growing demand for the Shibarium chain, and it could potentially boost the prices of SHIB and Shibarium’s gas … Read more

The Shiba Inu ecosystem is making waves in the blockchain world as its layer-2 Shibarium testnet, known as Puppynet, approaches a significant milestone of 30 million transactions. This surge in network activity is a testament to the growing demand for the Shibarium chain, and it could potentially boost the prices of SHIB and Shibarium’s gas token, Bone ShibaSwap (SHIB), in the long term.

The Shibarium Testnet Puppynet: A Journey of Success

Since its launch on March 11, the Shibarium beta Puppynet has been on a steady path of growth and achievement. According to Puppyscan, a dedicated blockchain explorer, Puppynet has successfully completed 30 million transactions. This achievement comes after hitting 10 million transactions on May 20 and 20 million transactions on June 11, demonstrating the platform’s consistent performance and increasing utility.

The Puppynet has also processed over 1,700,764 blocks, and the number of wallet addresses has skyrocketed to 17,061,835. The blockchain’s stability is evident in its average block time of 5-7 seconds and a gas fee close to 1 Gwei. Despite a slight dip in daily transactions from over 3 million to 2.6 million in recent days, the overall performance of the network remains robust.

The Future of Shibarium: A Glimpse into the Blockchain Horizon

The Shibarium network is set to experience a further surge in transaction rates and wallet addresses. Shytoshi Kusama, the lead developer of the Shiba Inu ecosystem, is expected to reveal the Worldpaper for the Shiba Inu ecosystem, all Shibarium partners, and the TREAT token at the Blockchain Futurist Conference in August.

This event is not just another conference; it coincides with Shiba Inu’s third anniversary and takes place in the birthplace of Ethereum. It is anticipated that the long-awaited Shibarium will likely be released around August 16, marking a significant milestone in the journey of the Shiba Inu ecosystem.

The platform network’s achievements are a testament to the potential of blockchain technology and its capacity to revolutionize various sectors. As the number of transactions on the Puppynet nears 30 million, it is clear that the demand for this technology is on the rise. This milestone is not just a success for the Shiba Inu ecosystem but also a beacon of hope for the future of blockchain technology.

In conclusion, the testnet Puppynet’s journey is a testament to the Shiba Inu ecosystem’s commitment to innovation and growth. As we approach the Blockchain Futurist Conference in August, the blockchain community eagerly awaits the unveiling of the Shiba Inu ecosystem’s Worldpaper, platform partners, and the TREAT token. The future of blockchain technology is here, and it is being shaped by platforms like the Shibarium network.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

文章来源于互联网:Shiba Inu’s Layer-2 Shibarium Testnet Puppynet Nears 30 Million Transactions

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年7月16日 12:29
Next 2023年7月16日 14:04

Related articles

  • Stanford University intends to refund $5.5M received from the FTX foundation

    TL;DR Breakdown Allegations suggest that the FTX founder’s family rerouted company funds to Stanford University, prompting the institution to consider refunding $5.5 million. Beyond Stanford, the Metropolitan Museum of Art also plans to return substantial donations from FTX, emphasizing the widespread impact of FTX’s financial controversies. Description In a rapidly evolving situation that interweaves the worlds of cryptocurrency, academia, and art, Stanford University and the Metropolitan Museum of Art have found themselves entangled in the financial web spun by the once-prominent crypto exchange, FTX. Allegations of fund rerouting by family members of FTX’s founder have thrust the entities into the spotlight, prompting … Read more In a rapidly evolving situation that interweaves the worlds of cryptocurrency, academia, and art, Stanford University and the Metropolitan Museum of Art have found themselves entangled in the financial web spun by the once-prominent crypto exchange, FTX. Allegations of fund rerouting by family members of FTX’s founder have thrust the entities into the spotlight, prompting a deep dive into the nature and intent of donations made.  Contents hide 1 The background: Ties between Stanford and…

    Article 2023年9月20日

  • Celsius takes StakeHound to court, alleges $150 million token debacle

    TL;DR Breakdown   Celsius files a lawsuit against StakeHound, claiming $150M in unpaid tokens. StakeHound argues it is not obligated to swap tokens or return lost ETH. The dispute highlights challenges and complexities in the crypto space. Description Celsius, a defunct cryptocurrency lender, has taken legal action against StakeHound, a liquid staking platform, alleging the failure to repay approximately $150 million in various tokens, including Ethereum (ETH), Polygon’s MATIC, and Polkadot‘s DOT. According to court documents, Celsius provided StakeHound with significant amounts of staked native ETH, MATIC, and DOT between 2020 and 2021, … Read more Celsius, a defunct cryptocurrency lender, has taken legal action against StakeHound, a liquid staking platform, alleging the failure to repay approximately $150 million in various tokens, including Ethereum (ETH), Polygon’s MATIC, and Polkadot‘s DOT. According to court documents, Celsius provided StakeHound with significant amounts of staked native ETH, MATIC, and DOT between 2020 and 2021, which were subsequently exchanged for StakeHound’s “stTokens.” In response to Celsius’ claims, StakeHound initiated an arbitration agreement in Switzerland after Celsius filed for bankruptcy in the United States. StakeHound…

    Article 2023年7月12日

  • Tron’s Justin Sun Invites PayPal to Launch PYUSD Stablecoin on His Platform

    TL;DR Breakdown Justin Sun invites PayPal to issue its new stablecoin, PYUSD, on the Tron blockchain, highlighting the benefits of merging traditional finance with blockchain technology. PayPal’s entrance into the stablecoin market with PYUSD showcases its commitment to innovation and could set the stage for more collaborations between financial giants and blockchain platforms. Description In a recent development that has caught the financial and crypto sectors’ attention, Justin Sun, the visionary behind the Tron blockchain platform, has reached out to global payment giant PayPal. Sun’s proposition? To consider launching its newly announced stablecoin, PYUSD, on the Tron network. This move could mark a significant stride in integrating blockchain technology … Read more In a recent development that has caught the financial and crypto sectors’ attention, Justin Sun, the visionary behind the Tron blockchain platform, has reached out to global payment giant PayPal. Sun’s proposition? To consider launching its newly announced stablecoin, PYUSD, on the Tron network. This move could mark a significant stride in integrating blockchain technology with mainstream financial services. Contents hide 1 A Potential Game-Changer in the Digital…

    Article 2023年8月8日

  • Oman advances toward virtual asset regulation, launches public consultation

    TL;DR Breakdown Oman’s financial regulator seeks public feedback on a new regulatory framework for virtual assets. The proposed framework covers all virtual asset sectors, with a focus on risk mitigation. This aligns Oman with global trends to regulate crypto assets while encouraging sector growth. Description The Capital Market Authority (CMA) of the Sultanate of Oman has initiated a public consultation in a bid to gather industry perspectives on its proposal to establish a new regulatory framework that governs transactions involving Virtual Assets (VA) and operations of Virtual Asset Service Providers (VASP). This significant step represents Oman’s efforts to regulate activities … Read more The Capital Market Authority (CMA) of the Sultanate of Oman has initiated a public consultation in a bid to gather industry perspectives on its proposal to establish a new regulatory framework that governs transactions involving Virtual Assets (VA) and operations of Virtual Asset Service Providers (VASP). This significant step represents Oman’s efforts to regulate activities and transactions involving crypto assets, tokens, crypto exchanges, and initial coin offerings. According to the CMA, the regulatory framework aims to establish…

    Article 2023年8月5日

  • New York Banking Commission votes to halt deposits at Capital One and Keybank

    TL;DR Breakdown New York City’s Banking Commission has frozen deposits into Capital One and KeyBank due to their failure to provide plans detailing efforts against discrimination. Comptroller Brad Lander also voted against designating International Finance Bank, PNC Bank, and Wells Fargo to hold public funds. This move sets a precedent for demanding transparency and fairness from banks, potentially initiating a global shift toward equitable banking. The New York City Banking Commission has frozen deposits into Capital One and KeyBank, two of the city’s prominent financial institutions. However, the historic decision, sparked by the banks’ failure to submit plans detailing their efforts to combat discrimination, signifies the city’s commitment to demanding transparency and fairness in the financial sector. Championing equity in the financial sphere The world’s financial epicenter, New York City, has laid down the gauntlet in its push for equitable banking. This move, spearheaded by City Comptroller Brad Lander in collaboration with Mayor Eric Adams and the Department of Finance, has reiterated that banks seeking to operate within the city limits must demonstrate their commitment to fair practices. A prerequisite…

    Article 2023年5月28日
TOP