Shibarium Network’s native test network, Puppynet, has achieved a major milestone, surpassing 20 million transactions from 16 million wallets. This comes as the network prepares for a mainnet release in the coming months. Testnets, such as Puppynet, are designed to mimic activity on the mainnet and allow developers to debug any issues and monitor network activity. According to blockchain scanners, the average transaction time was five seconds.
The high level of participation in Puppynet suggests strong demand for the network, which could potentially increase the value of SHIB and BONE, two Shibarium ecosystem tokens. On-chain data shows that one of the biggest SHIB investors added another $10 million worth of the tokens to their holdings on Monday, bringing their total holdings to 5.3 trillion SHIB – worth $35 million at current prices.
Shibarium is a major development for the Shiba Inu ecosystem, which began as a meme coin and has since become a serious blockchain project. A virtual land metaverse based on Shibarium is planned for a partial release later this year, allowing users to create their own avatars – fashioned as humanoid dogs – to explore, visit, and interact with lands and contribute to the in-game economy.