Shibarium continues to reach new milestones as more and more individuals connect their crypto wallets to the testnet and join. The total number of transactions on the testnet Puppynet, which went live on March 11, has skyrocketed during the last day.
New utility milestone reached
It increased by about a million in the previous day, surpassing the 27 million threshold and achieving a new utility milestone. On June 13, there was a peak of 324,899 transactions, after which it began to decline somewhat. This measure has been roughly trending about the 274,000 level of daily transactions since June 19.
According to Puppyscan, the overall number of connected wallets is still increasing, although at a considerably slower rate. This measure now displays 17,055,351 wallets, and no significant increases have been seen during the last several days.
The total number of blocks has reached the level of 1,562,692, and the time taken to create a block is now 8.3 seconds.
Expected Shibarium launch date
The community is now anticipating the Shibarium mainnet to launch on August 13–16 in Toronto, Canada, after the mysterious Shytoshi Kusama, the project’s lead developer, spoke to the SHIB army about the “launch strategy” for Shibarium (claiming that everything has already been set, including the date and time).
This is where the yearly ETHToronto celebration of Ethereum’s birthday will take place. The community thinks this would be a wonderful homage to Ethereum and Vitalik Buterin because SHIB was first introduced on this platform. A few days ago, Kusama left a clue in a Telegram channel devoted to all things Shibarium that might support this notion regarding the time and location of the imminent debut of Shibarium.
Shiba Inu was “going somewhere,” and this location would be outside of the United States, he tweeted earlier.
SHIB burn news, price action
The SHIB burn rate has decreased over the last 24 hours, displaying a negative 32.33% as a total of 52,954,936 SHIB meme coins have been destroyed, according to statistics given by the Shibburn Explorer. They were transferred to inaccessible locations and imprisoned there indefinitely without the opportunity to be used or withdrawn in any way.
Burning is the process of permanently removing coins from circulation in an effort to eventually increase supply scarcity. By doing this, the likelihood that a currency would appreciate in value when its availability is significantly reduced is increased. Regarding Shiba’s market performance, it has been attempting to surpass the $0.00000784 barrier for the past 24 hours but has already failed twice. After two tries, SHIB has reverted to its initial price of $0.00000766 and is currently trading at this price versus USDT on the Binance platform
