Shibarium Testnet Reaches Another Major Milestone

Shiba Inu’s (SHIB) Shibarium layer-2 network is one of the most hyped releases of this year. Although the network was supposed to launch last year, development delays have pushed the launch well into 2023. Nonetheless, Shibarium’s testnet, called Puppynet, is reaching new milestones on a regular basis.

As per the data on puppyscan.shib.io, the Puppynet testnet has crossed 15 million transactions, with over 16 million wallet addresses. The testnet went live in March 2023. In just two short months the testnet has shown robust growth.

Furthermore, Shiba Inu’s (SHIB) Shibarium testnet has an average of 668,209 transactions per day. The numbers show that the network is strong enough to deal with a large number of transactions and addresses. However, it should be noted that the number of wallets does not represent individual users. In fact, the team had to run a stress test script to create about 9 million addresses to check the network’s ability.

When is Shiba Inu’s Shibarium layer-2 launching?

As revealed by lead developer Shytoshi Kusama, Shibarium may debut sometime in June or August. Even popular SHIB influencer “Lucie” has said that the launch could happen sometime in Q2-Q3 2023. Nonetheless, Lucie did mention that if there were any problems during testing, the launch could be delayed.

However, further delays could hamper SHIB’s price in the market. The Shibarium launch is one of the few things that could potentially push Shiba Inu’s price. Therefore, the team cannot afford any more delays. The asset has already gained another zero after the decimal point. At press time, SHIB was trading at $0.00000851, down by 0.6% in the last 24 hours. Moreover, the token is down by a whopping 90.13% from its all-time high of $0.00008616, attained in October 2021. Nonetheless, fans and users expect SHIB’s prices to rally once the new layer-2 is out. The launch would mean that SHIB will cease to be an ERC-20 token, as it will have its own blockchain.