Shibarium Testnet Surpasses Key Benchmarks, Processes Over 38 Million Transactions

  • The Shibarium testnet has surpassed key benchmarks, processing over 38 million transactions.
  • Despite a somewhat turbulent start weeks ago, Shibarium seems to be performing satisfactorily, as the latest data updates indicate.
  • The average number of transactions has been slightly over 170.7k.

The Shibarium testnet has surpassed key benchmarks, processing over 38 million transactions. This is a significant milestone for the project, as it demonstrates that the testnet is capable of handling a large volume of traffic.

The testnet had a somewhat turbulent start weeks ago, but it seems to be performing satisfactorily now. The average number of transactions has been slightly over 170.7k. This is a good sign, as it suggests that the testnet is gaining traction and attracting users.

The Shibarium testnet is a proof-of-stake (PoS) blockchain that is designed to be more efficient and scalable than Ethereum. It is expected to help reduce the gas fees on Ethereum, making it more affordable for users to conduct transactions.

The development of the Shibarium testnet is a major step forward for the Shiba Inu ecosystem. It is a sign that the team is committed to building a more scalable and efficient blockchain for the future.

In addition to the number of transactions, the Shibarium testnet has also seen a growth in the number of wallets involved. The current number of wallets is approximately 17.08 million. This suggests that there is a growing interest in the project and that users are eager to test it out.

Also read: Shiba Inu’s ( SHIB ) “Paw-sibilities”: Price Analysis and Predictions in 2023, 2024, and 2025

The developers of Shibarium have not yet announced a timeline for the mainnet launch. However, the progress that has been made on the testnet is encouraging. It suggests that the mainnet launch is getting closer and that it could happen in the near future.

The launch of Shibarium would be a major milestone for the Shiba Inu ecosystem. It would help to make the ecosystem more scalable and efficient, and it would make it more affordable for users to conduct transactions. This could lead to increased adoption of the Shiba Inu token and other tokens on the ecosystem.

Overall, the progress that has been made on the Shibarium testnet is positive. It suggests that the project is on track and that it could be a major success in the future.

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