- Puppynet testnet activity surges
- Over 700,000 transactions recorded
- Mainnet release planned this year
The Shibarium network’s native testnet, Puppynet, is experiencing a surge in activity as it gears up for a mainnet launch later this year. According to data from the blockchain explorer, Puppynet has already processed over 700,000 transactions from nearly 200,000 unique wallets since its March 11 debut.
A significant increase in activity was observed between March 28 and 29, with over 114,000 transactions recorded in just 24 hours. Testnets like Puppynet serve as essential tools for blockchain networks, allowing developers to test, debug, and monitor activity on a simulated mainnet before wider deployment.
Shibarium represents a crucial milestone for the Shiba Inu ecosystem, which began as a memecoin inspired by the popular Shiba Inu dog breed. However, the project has since evolved into a serious blockchain endeavor.
As a layer 2 blockchain, Shibarium builds off-chain systems on top of layer 1 protocols, helping to address scaling and data bottlenecks that can limit network performance. This upcoming mainnet release has generated significant excitement within the Shiba Inu community, as evidenced by the increasing activity on Puppynet.
In other news, Gary Gensler is scheduled to go before the Financial Services Subcommittee on April 18 to address “a multitude of flaws” with his leadership, which may prevent him from receiving the $2.43 billion budget for 2024 that he requested to enhance his crypto crackdown.
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