Shiba Inu's Much-Hyped Shibarium Records Over 10M Transaction Volume

Shibarium, an Ethereum ETH/USD based layer 2 platform built specifically for the Shiba Inu SHIB/USD ecosystem, has recently made its Puppynet testnet publicly available, creating a buzz within the cryptocurrency space.

What Happened: While the mainnet is still being developed, over 10.6 million transactions and 933,758 blocks, with an average block time of approximately five seconds, have already been processed on Puppynet.

According to Puppyscan, the network now boasts over 15 million wallet addresses. The network continues to average more than 300,000 transactions per day since May 12. 

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Why It Matters: Shibarium was launched in March. In a blog post, Shytoshi Kusama had said that early beta testers can use the testnet, which uses tokens called Puppynet that are not in any way investments.

"All tokens on Puppynet are NOT REAL. Don't spend you're [your] hard earned SHIBS on these tokens if you see them no matter how hard people, anyone, shills," Kusama had said.

Price Action: At the time of writing, SHIB was trading at $0.000008495, down 2.87% in the last 24 hours, according to Benzinga Pro.

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