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- Shibarium’s testnet has recorded a remarkable 30 million transactions from 17 million wallets.
- Core tokens of the Shiba Ecosystem include SHIB valued at $0.0000077, LEASH at $398.10, and BONE at $1.19.
Shibarium, the eagerly awaited Layer 2 solution for Shiba Inu, is poised for its significant launch next month, generating considerable excitement within the dog community. The project has recently reached a significant milestone on its testnet, further heightening enthusiasm among its supporters. Puppynet, the dedicated test network, has seen an impressive increase of over 30 million transactions from approximately 17 million wallets.
Market analysts anticipate that transactions may soon hit 35 million.
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What Shibarium Brings to the Shiba Ecosystem?
With Shibarium at its foundation, the Shiba Ecosystem continues to evolve. The Shiba team consistently updates their community on their vision and progress. In line with this, they introduced the “Summer of Shibarium,” a campaign featuring a series of upcoming releases. Additionally, the redesign of their project’s website, Shib.io, acts as a precursor to a range of events leading up to the Shibarium launch.
Last week marked a positive turn for the SHIB community, as several anonymous wallets received SHIB tokens for the first time, each obtaining a substantial amount from a whale address, valued at around $3 million. This significant transfer of SHIB tokens occurred during a phase of low volatility for the meme currency, attracting the attention of market participants and igniting investor interest.
In the meantime, there was a notable burn of 915,371,832 SHIB tokens across 139 transactions. This burn mechanism plays a role in decreasing the token supply, which may have favorable implications for its value.
According to CoinMarketCap, the SHIB token is priced at $0.0000077, while LEASH and BONE tokens are valued at $398.10 and $1.19, respectively. LEASH has seen a slight decline of 1.61%, and BONE has experienced a decrease of 4.80%.
