Shibarium Surpasses 30M Transactions and 17M Wallets

Shibarium Beta Testnet, dubbed Puppynet, reached a new milestone with over 30 million transactions and 17 million addresses.

Shibarium – Layer 2 solution is gaining significant traction with its Beta Testnet called Puppynet showing impressive growth. Over the past two weeks, the total number of transactions processed on Puppynet has surged by 17%, surpassing an impressive milestone of 30 million transactions.

Per the latest data from Puppyscan, a platform that monitors Puppynet’s activities, the network has successfully handled 30,245,178 (30.24 million) transactions. This figure is 17% higher than that recorded on June 30^th, where the total transaction count stood at 25,686,610 (25.68 million).

Notably, the average block time on the network stands at 5 seconds, indicating efficient and speedy transaction processing.

The beta version of Shibarium has also shown notable advancement in terms of block processes. The total number of processed blocks is on the brink of reaching 1.8 million, with the current count at 1,727,857 (1.72 million). This represents a 15% rise compared to the 1,491,267 (1.49 million) blocks processed on June 30^th.

Puppynet has also witnessed a surge in new wallets, with 54,411 wallets created in the past two weeks alone. There are now 17,062,130 (17.06 million) addresses connected to the Shibarium beta on Puppynet.

The surge in network activity comes after Shytoshi Kusama, the lead developer of SHIB, confirmed the long-awaited launch of Shibarium Mainnet at the upcoming Blockchain Futurist Conference, scheduled for August 15^th and 16^th. Notably, Shiba Inu has been named as the Title sponsor of the event, as reported by The Crypto Basic. Furthermore, the Shiba Inu team has closed the intake form submissions for Shibarium, indicating progress and preparation for its mainnet launch.