Shibarium, a highly awaited cryptocurrency community network, is witnessing an impressive traffic surge on its native test network, Puppynet. This bustling activity indicates a heightened demand and forecasts an optimistic upswing in the value of SHIB tokens. With the testnet reaching over 20 million transactions from a notable 16 million wallets, Shibarium is steadily advancing towards a mainnet launch, earmarked for the upcoming months.
Understanding the Role of Testnets
Testnets, like Puppynet, are essentially blockchain networks tailored for rigorous testing. Mirroring the activities on the mainnet, they provide a secure environment for developers to troubleshoot potential issues, scrutinize network activity, and ensure smooth functionality before a full-scale launch.
Data gleaned from Puppynet blockchain scanners reveals an average transaction time of five seconds, highlighting the efficient and rapid functionality of the system.
The high transaction volume observed on Puppynet denotes an avid interest and substantial demand for the Shibarium network. This active engagement holds promising implications for SHIB and BONE, two significant tokens within the Shibarium ecosystem.
On-chain data analytics confirm this prediction, revealing a key SHIB investor’s addition of tokens worth $10 million to their portfolio. Consequently, their total holdings have escalated to a staggering 5.3 trillion SHIB – valuing at an impressive $35 million in today’s market.
Shibarium: More Than Just a Meme Coin
Commencing as a meme coin modeled after the beloved Shiba Inu dog breed, Shibarium has emerged as a big blockchain project. The network’s progress points to its robust growth trajectory and potential to carve out a prominent niche within the competitive crypto space.
Moreover, Shibarium’s plan to introduce a virtual land metaverse further adds to its appeal. Slated for a phased rollout later this year, this feature will allow users to craft their humanoid dog avatars, fostering a more immersive user experience. The metaverse will enable participants to explore, visit, and engage with various lands, thereby actively contributing to the in-game economy.
Despite the Shiba Inu (SHIB) token trading at a rate over 92% lower than its all-time high price, the active engagement on Shibarium’s testnet suggests a potential resurgence. Observers of the crypto market eagerly watch the unfolding events. They will keep a keen eye on the anticipated launch of Shibarium’s mainnet.