Shiba Inu Layer-2 Testnet Garners 25 Million Transactions As SHIB Developers Promote Shibarium’s Benefits - The Daily Hodl

The Daily Hodl
The Daily Hodl

30 Jun 2023 10:01 PM

New data reveals that over 25 million transactions have taken place over the testnet of Shibarium, Shiba Inu’s (SHIB) highly anticipated new layer-2 scaling solution, as the project’s developers promote its benefits....

  • Over 25 million transactions have taken place on Shibarium, Shiba Inu's layer-2 scaling solution.
  • The testnet, called Puppynet, has seen 17 million unique wallets using the protocol.
  • Shibarium offers scalability, cost-effectiveness, and enhanced security.
  • It has a deflationary token-burning system that reduces the supply of SHIB, potentially increasing its price.
  • Shytoshi Kusama, a SHIB developer, has hinted at the upcoming release of Shibarium.

The article highlights the positive aspects of Shibarium, such as its scalability, cost-effectiveness, and enhanced security. It also discusses the potential benefits of the token-burning system for SHIB holders. Overall, the sentiment is positive.

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You May Ask

How many transactions have taken place on Shibarium's testnet?How many unique wallets are using the Shibarium protocol?What are the benefits of using Shibarium?How does the token-burning mechanism in Shibarium impact the supply and price of SHIB?Who hinted at the upcoming release of Shibarium?

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