By Brenda Collins
According to data from the Puppyscan blockchain explorer, the Puppynet beta version of the Shibarium blockchain has processed 25 million transactions for the first time since its launch on March 11th, a development the community has tagged a huge milestone. SHIB influencer Lucie, on Twitter said that “this accomplishment shows how widely the Shibarium network is being used.”
It was gathered that the Shibarium blockchain has shown to be stable despite the rising transaction volume. With an average block time of about 5 seconds, transactions are processed faster compared with their previous performance. The Shibarium Twitter community has also praised the network’s gas fee, as it has maintained its position close to 1 Gwei.
Attention has also been drawn to the recent price changes of the native tokens on the Shibarium network, SHIB, and BONE. There has been a unproven, yet valid sentiment that the price of SHIB and BONE may increase soon given the good Shibarium network improvements.
Over 1.45 million blocks have been processed by the Shibarium beta Puppynet, demonstrating the network’s sturdiness and capacity to deal with a huge amount of transactions. The Shibarium network currently has 16.98 million wallet addresses connected to it, demonstrating a growing user base and interest in the system.
Traders Watch Shiba And BONE, Activity On Shibarium Testnet Intensifies
Further investigation revealed that the Shibarium network, SHIB, and BONE are being actively watched by investors and enthusiasts. Despite the recent price decline, market sentiment is still predicting a positive future, and many investors anticipate a possible rally in the near soon.
Also read:The Shibarium team’s future improvements and updates are awaited by traders and investors since, (according to them,) “good news could boost the market even further. There is growing interest in the mainnet debut as the Shibarium Testnet continues to impress many traders and getting attention from more investors.
According to comments from CoinGape’s Varinder Singh, “If the mainnet launch is successful, it might spur additional SHIB and BONE adoption and growth, which would raise the price of those tokens.” tokens. Singh added that the achievement of 25 million transactions on the Shibarium Testnet is an outstanding achievement that demonstrates the scalability and strength of the network.
He also added that the future of the Shibarium network and its native tokens, SHIB and BONE, appear bright given the rising number of wallet addresses and the upbeat market sentiment. Participants in the market have continued to monitor the Shibarium project as it continues to develop for any new information and future price changes.
As of the time of writing, the price of Shiba is $0.00000754 and has a trading volume of $84,586,141.27 in the last 24 hours. The latest development resulted in a -0.92% price decrease in the past 24 hours, and -4.04% in the last 7 days. Shiba has maintained a total supply of 590 Trillion SHIB, with a market capitalization of $4,441,223,412.
Price declines are connected to profit-taking by some investors or short-term market swings. Meanwhile, BONE, at press time, is priced at $0.8978, and has maintained a $5.34 million in the last 24 hours. BONE, like Shiba, lost -0.45% in the past 24 hours, and -8.85% in the last 7 days. BONE circulating supply has not made much significant movement hence, has maintained its 229.92 million BONE position.
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