Shibarium Public Beta Testnet continues snowballing with Over 100K Wallets and 194K Transactions.
The beta testnet for Shibarium, Puppynet, has experienced a surge in adoption, with over 100,122 wallet addresses now hosted on the network. The network has also processed over 194,158 transactions, with a daily transaction count of 41,688 and total blocks of 150,765.
Lucie, a prominent member of the Shiba Inu community, highlighted the impressive growth in the network’s metrics today.
Congratulation! ?https://t.co/DzdCVKZg7U crossed 100k wallets!!! #Shibarium x $BONE it will be wild ? pic.twitter.com/SvkWZZgSHx
— ????? (@LucieSHIB) March 30, 2023
This growth is even more impressive, considering Puppynet achieved these milestones just six days after being relaunched with a revised Chain ID. The testnet was redeployed on March 24th, following a FUD campaign that targeted Shibarium amid speculations that the network is a clone of the Rinia testnet. The Chain ID was changed from 917 to 719 to address these concerns.
Despite having its statistics reset following the redeployment, most metrics have now surpassed previous highs, a testament to the network’s rapid growth and robustness.
Shibarium Validators
In addition to the impressive growth, Shibarium is gaining significant attention among validators. In a recent telegram chat, Shytoshi Kusama, the head developer of Shiba Inu, revealed that 500 validators had expressed their interest in joining the network.
Wallet
Moreover, the Unification Foundation, responsible for developing the Shibarium network, is busy creating an innovative wallet for the Shibarium. The wallet will provide various services, such as easy asset transfers and storage.
Shib Burn
Furthermore, Shibarium Documents have revealed that the network will use 70% of each base transaction fee to buy and burn Shiba Inu tokens, reducing its supply and potentially increasing its value.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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