The number of wallets connected to Shibarium’s Puppynet testnet is currently over 16 million, according to data from Puppyscan.
Since the launch of the Puppynet testnet on March 11, the network activity in the Shiba Inu ecosystem has increased. For context, the network has processed around 3 million transactions within the past seven days, pushing its transaction volume to 13.2 million at press time.
SHIBA INU WALLET CREATION RATE HAS THE HIGHEST IN 3 MONTHS
Increased transaction volume also coincides with periods of high wallet generation. On May 27th, Glassnode data shows that 2,538 new SHIB addresses were created on May 26th. According to Glassnode, this is the highest increase in 3 months.
Number of newly created SHIB wallets. Source: Glassnode
Shiba Inu’s Puppynet Dashboard shows 16 million wallet addresses interacting with the network. This indicates a high level of acceptance and usage in the community. The total number of blocks on the network has exceeded 1 million and its average block time is 5 seconds.
SHIB’s SOCIAL INTERACTIONS INCREASE
According to Lunar Crash data, Shiba Inu’s growing cyber activity is in line with its skyrocketing social stats. The data aggregator has ranked SHIB in the top 10 by social mentions in the past week.
Shiba Inu Social Data. Source: Lunar Crush.
According to Lunar Crash, SHIB’s social media mentions reached 23,520, while its social media interactions were 252.24 million in the last 24 hours. Its weekly performance shows that its social engagement increased by 17.94% to 2 billion and mentions increased by 11.13% to 171,370. SHIB has 1,160 unique social contributors per hour to the memecoin.
WHEN IS MAINNET SHIBARIUM OUT?
On May 24, Lucie, an official of the Shiba Inu ecosystem said that the mainnet launch of Shibarium will be expected before the end of the year. Lucie said the Shibarium developer, Shibarium 1, had predicted that the mainnet launch would take place in August, while Shiba Inu head Shytoshi Kusama predicted the launch in July.
Lucia added:
The Shiba team is confident about the launch and has multiple teams working on it, including on AI integration. Our estimates are for 2023, and we’re not inflating anything other than focusing on sustainable growth. Security testing and audit is critical prior to launch.
The launch of Shibarium will complete Shiba Inu’s transition from a memecoin to a project with clear utility. This can increase the value of related tokens like SHIB, BONE and LEASH.