Shibarium beta “Puppynet” has exceeded 16 million wallet addresses, breaking a significant usefulness milestone. PuppyScan reports that 16,021,178 wallet addresses have crossed the 16 million threshold.
Since its introduction on March 11th, the Shibarium testnet has currently handled 12,462,804 transactions. There are presently 997,819 blocks in use, and each block takes an average of seven seconds to complete.
Shibarium’s goal is to provide users, developers, and IRL companies less transaction costs and better transaction speeds than existing blockchains.
The blockchain would make it possible to create and trade digital assets. Additionally, it acts as a foundation for the creation of decentralised apps (dApps), such as Shib the Metaverse, Shiba Eternity, and several other goods, initiatives, platforms, and services offered by the larger Shiba Inu community.
In the Shiba Inu community, the query “wen shibarium” is still common. Using information gleaned from the Shiba Inu team, LucieSHIB provides a prediction for Q2 through Q3 of 2023.
Shiba Inu head Shytoshi Kusama predicted that the mainnet would open in July, whereas Shibarium creator Shibarium 1 predicted that it would happen in August.
She continues by saying that the Shiba team is optimistic about the launch and that other teams, including one for AI integration, are working towards it. The team’s projection, according to Lucie, is for 2023 with an emphasis on sustainable growth, taking into account the importance of testing and security checks before to launch.
Shiba Inu price flashing underbought signals
Santiment, an on-chain analytics company, reports that a number of cryptocurrencies, including SHIB, are now underbought.
We continue to observe restless addresses emptying their wallets and selling at a loss since the markets are appearing uninteresting to traders. The majority of cryptocurrencies are flashing underbought signals throughout the sector, according to our MVRV model, which is available to members on Google Sheets, according to experts at Santiment.
SHIB was slightly higher over the previous day at the time of writing, trading at $0.0000084.
