Shiba Inu’s Testnet Usage Grows Ahead of Shibarium Mainnet Launch, Hinting to an Imminent Price of $0.001 SHIB

By Jeet Adhvaryu On Jul 5, 2023

Shiba Inu, the famous meme-based cryptocurrency, had a burn rate increase of a staggering 1900% in only 24 hours.

After the Shibarium testnet, Puppynet, hit a major milestone of 25 million total transactions, excitement and anticipation for the forthcoming mainnet release skyrocketed, and this amazing rise followed shortly afterwards.

Shiba Inu’s official blockchain explorer, PuppyScan, revealed that the Shibarium beta testnet has reached a whopping 25,507,335 transactions. Furthermore, 17,001,839 wallet addresses have taken part in Shiba Inu transactions, demonstrating the vast participation and interest in this intriguing cryptocurrency.

Over 1,483,165 blocks have been processed on the testnet, with a very respectable average block time of 7.5 seconds. These numbers demonstrate the testnet’s efficiency and scalability, and they add to the rising hope for Shiba Inu and the opportunities it presents.

Shytoshi Kusama, the respected principal developer of SHIB, stoked the fires of anticipation by posting a gripping 19-second video clip on Twitter, along with a picture of the now-iconic dog-headed SHIB logo. Although the film had few subtitles, it provided a tantalising look at the project’s potential. The mysterious words “Something is coming” were written in dynamic motion letters throughout the video, hinting at an impending reveal. We are really getting someplace at this point.

Decentralized applications (DApps) are set to benefit greatly from Shibarium, a cutting-edge Layer 2 blockchain platform. Shiba Inu fans are getting excited about the mainnet debut because of the many possibilities and advantages it will bring.

Shiba Inu prices were last seen selling at $0.000007722, representing a remarkable 3% gain over the last 24 hours. The recent increase in the burn rate and the major milestone accomplished by the Shibarium testnet surely help the existing good feeling around Shiba Inu amid requests for a $0.001 SHIB price, despite the inherent volatility of the cryptocurrency market.

While the cryptocurrency community awaits further announcements and updates from the hardworking team behind Shiba Inu, the overwhelming success of the Shibarium testnet and the increasing interest in Shiba Inu transactions lay a solid groundwork for the project’s continued development and widespread adoption.

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