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Shibarium Beta PUPPYNET Records New Success, Few Days After Release

The latest report making it out of the crypto industry says that Shibarium beta PUPPYNET has set a new record exactly six days after its launch. The beta version of the coin was launched on the 11th of March, and it has since performed excellently well.

According to the information made available on the puppyscan web platform, formally known as Shibarium Puppynet, it has recorded a total of 3,494 transactions since its release in March. This is coupled with its 411,421 blocks. 

The report also states that more blocks are included each second as the data keeps updating. Also recorded are 2,560 wallet addresses, with an average block time of five seconds. And according to the graphics presented so far, the total number of transactions has increased at a very fast pace from the 14th of March, and it has maintained that growth to date. And this is happening when the codebase of Shibarium is making headlines.

Another significant milestone was recorded on the 16th of March when Aavegotchi FUD (FUD) outperformed the Shiba Ịnụ. This happened after a Shibarium chain was shared on the Discord platform, where the members made an observation: the same Chain ID as the Rinia Testnet chain – 917. Kaal Dhairya, the Shiba Inu developer, and his team looked into the objects.

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Information gathered on this matter claimed that the so-called Chain ID was not registered when it was selected; hence, it made the mistake of not confirming when the Puppynet was set for launch. Kaal Dhairya, while explaining his next step, said he would be reintroducing the latest version of the coin’s beta network using the newest chain ID. 

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Kaal Dhairya on The Future Workings on Shibarium

Kaal, while talking on the issue, said that new deployments may be rarely available in the future but will still be possible because they will still be at the beta stage. According to screenshots from the Telegram messages belonging to  Shytoshi Kusama: the main Shiba Inu developer, the compilation for Shibarium is expected to arrive by next week.

It was also gathered that the conversation about Shiba Inu improved exponentially after the launch of Shibarium. When approached, the Shiba Inu team explained that the rate at the coin burns would depend on the extent of transactions on its network. This means that the transactions increase when Shibarium experiences growth. It is also envisaged that the extent of Shiba Inu burns may also increase. 

Some Expert Contributions on the Matter

Some industry experts who commented on this trend explained that it is a known fact that Shiba Inu has provided some sort of operational base for the Shiba Coin. It has worked as a connecting factor between the Ethereum blockchain it was built upon and other interconnected digital assets. It was further explained that its tokens go beyond what is portrayed in today’s industry.

Contributions from Japan say that OKCoinJapan: a San Francisco-based cryptocurrency exchange, has published a positive response according to the latest development in the SHIBA family. The company went ahead to announce that the SHIB performed optimally up until the 28th of February.

This success was attributed to the company’s first time listing the coin; this was the first time Shiba Inu was listed on the OKCoinJapan platform. Similarly, it was reported that before the Japanese cryptocurrency exchange listed SHIBA, a particular Shiba Inu enthusiast had been taking to Twitter to request that they (OKCoinJapan) enlist the coin.

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It was discovered that he had done this for 229 days before it was finally listed. And in other news, the BONE token was also reported to have been listed alongside the SHIB. According to the information made available, BONE is also one of the major tokens listed on the Shibarium ecosystem. This development took place in a recent week, and it has promised subsequent updates as better cryptocurrency assets makes its way into the market.


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Brenda Collins

Brenda Collins is a seasoned crypto news writer with a deep passion for blockchain technology and its transformative potential. With years of experience in the industry, she has honed her skills in delivering concise and insightful analysis, making complex concepts accessible to a wide audience. Brenda's dedication to staying up-to-date with the latest developments in the crypto world ensures her readers receive accurate and timely information.

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