Shibarium Testnet Reaches 25 Million Transactions, SHIB & BONE To Rally?

Shiba Inu layer-2 blockchain Shibarium testnet “Puppynet” reaches a milestone of 25 million transactions. The increase in Shibarium network activity indicates massive demand and boost in SHIB price in the long term.

According to Puppyscan blockchain explorer, Shibarium beta Puppynet has completed 25 million transactions since its launch on March 11. The transaction rate increased significantly amid renewed sentiment in the crypto market. Puppynet hit 10 million transactions on May 20 and 20 million transactions on June 11.

The total blocks processed by Shibarium beta Puppynet surpassed 1.45 million and number of wallet addresses increased to 16.98 million. The blockchain remains stable as the average block time remains at 5 seconds and the gas fee is near 1 Gwei.

Shibarium Release and Shytoshi Kusama’s Goodbye

The community awaits the announcement of the Shibarium mainnet from lead developer Shytoshi Kusama. Earlier this week, Kusama and SHIB marketing specialist Lucie hinted at Shibarium’s release soon. Lucie in a tweet on June 27 also shared publishing the “Worldpaper” before the Shibarium mainnet release. The Worldpaper will detail about Shiba Inu ecosystem of tokens, products, platforms, and services including but not limited to SHIB, BONE, LEASH, and Treat, as well as Shibarium. It is different from Woofpaper and about changing the world via decentralization.

Meanwhile, Shytoshi Kusama will step away from managing things as Shibarium’s governance token BONE and other ecosystem tokens run by the community will improve decentralization. The team will finalize Shiba Inu founder Ryoshi’s checklist items and initiatives such as Shiba Eternity Game, F&B, AI, DAO, and Shibarium, and “prove to the world that we not only start strong, but finish even stronger.”

SHIB and BONE Price Momentum

SHIB price fell 3% in the last 24 hours, with the price currently trading at $0.0000075. The 24-hour low and high are $0.0000074 and $0.0000077, respectively. Analysis by CoinGape Markets indicates a breakout rally of 21% to reach the $0.00001 psychological barrier if SHIB price holds above $0.0000080.

Meanwhile, BONE price continues to rally with a 31% jump in a week, with the price currently trading at $0.95. The 24-hour low and high are $0.90 and $0.95, respectively.

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