- Shibarium’s testnet witnessed a surge of 30 million transactions from 17 million wallets.
- Shiba Ecosystem core tokens SHIB values at $0.0000077, LEASH at $398.10, and BONE at $1.19.
Shibarium, the highly anticipated Layer 2 solution for Shiba Inu, is set to make its grand entry next month, creating a sense of high anticipation within the dog community. The project has recently achieved a monumental milestone on its testnet, which sparked the excitement more among them. Puppynet, the native test network, has witnessed an astonishing surge of over 30 million transactions from an estimated 17 million wallets.
Market Analysts believe that the transaction might reach 35 million soon.
What Shibarium Brings to the Shiba Ecosystem?
With Shibarium at its core, the Shiba Ecosystem continues to strengthen. The Shiba team ticks their vision list and regularly provides updates to their dog community. Attributing to it, they announced “Summer of Shibarium,” which is a campaign filled with upcoming releases. Also, The revamp of their project’s website, Shib.io, serves as a catalyst for a series of events leading up to the launch of Shibarium.
Last week was an up-ride for the SHIB community, several anonymous wallets have received SHIB tokens for the first time, each receiving a significant amount from a whale address, valuing around $3 million. This substantial transfer of SHIB tokens was during a period of low volatility for the meme currency. It has caught the attention of industry participants, sparking investor interest.
Meanwhile, There was recently staggering burning of 915,371,832 SHIB tokens across 139 transactions. It This burn mechanism contributes to reducing the token supply, which potentially holds positive implications for its value.
CoinMarketCap values the SHIB token at $0.0000077, while LEASH and BONE tokens are prices are at $398.10 and $1.19, respectively. A slight decline of 1.61% has occurred in the value of LEASH, and BONE has experienced a decrease of 4.80%.
