😎 Summer Sale Exclusive - Up to 50% off AI-powered stock picks by InvestingProCLAIM SALE

Shiba Inu: Shibarium Beta Smashes Big Transaction Milestone

Published 2023-06-26, 09:00 a/m
© Reuters.  Shiba Inu: Shibarium Beta Smashes Big Transaction Milestone
SHIB/USD
-

U.Today - Puppynet has seen impressive growth since its launch on March 11. The Shibarium testnet has smashed a big milestone, surpassing 24 million transactions.

Currently, the total number of transactions on Puppynet, according to , is 24,617,503. Last Friday, reported the number of transactions to be 22,899,464; now, this has grown by over two million in a matter of days.

The total blocks processed by Shibarium beta Puppynet have also seen an increase, currently at 1,438,226. The number of wallet addresses has grown slightly to 16,969,771.

In the past week, Shibarium builder Unification gave some updates on the beta testnet, Puppynet. According to Unification, the OoO/VOR for the Shibarium beta testnet is presently a work in progress (WIP). It should be deployed and the specifics made public by the end of the month.

According to the statement, which includes promises for faster deployment, the new Sepolia xFUND Test token will also be bridged on any potential future Shibarium public beta testnet.

All teams, including Shibarium, are internally preparing for major updates for their communities, as the Shibarium builder also disclosed.

Additionally, UNoDE was discussed, which is now totally being developed privately but has had substantial internal growth. Work on UNoDE is being done as native support for partners in Shibarium.

Shiba Inu lead Shytoshi Kusama also gave some updates on Shibarium in his while introducing "Shibacals," the in-real-life component of the Shiba Inu ecosystem.

Kusama hinted that the decentralized teams are nearing the completion of Shibarium, where BONE will prove its utility as the gas token for the L2 blockchain.

BONE saw a rise in the past week as various updates hinted at the progress being made in Shibarium development. BONE saw a massive rise of 31.14% in the last seven days and now trades at $0.952.

Shiba Inu also saw a price increase in the past week; it is currently up 8% within this time frame.

This article was originally published on U.Today

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.