Shiba Inu (SHIB) L2 Network Shibarium Hits Several New Milestones

Shiba Inu (SHIB), Shibarium Puppynet New Milestones

It was one of the most-anticipated changes in the digital asset industry, and the Shiba Inu (SHIB) Layer-2 network, Shibarium, has reached many new milestones since Puppynet came out. Also, Twitter user @LucieSHIB says that 71 tokens have already been used in the Beta.

In the same post, a screenshot shows that the number of transactions on Shibarium’s Puppynet has increased significantly. On the other hand, the tokens that have been sent out and other milestones that have been reached are encouraging when you think about what could be done with the Shibarium Mainnet when it finally arrives.

One of the most exciting things in the industry was how the Shiba Inu ecosystem grew. In particular, a new Layer-2 blockchain was going to make the meme coin even more popular while it was becoming trendy. After that, the Shiba Inu (SHIB) Shibarium beta reached several new goals.

Shibarium Puppynet Rise In Transaction

The rise in transactions is among the most important things about the Shibarium Puppynet. So far, there have been 2,255,398 transfers on the testnet. On the other hand, the progress is notable because there were 195,000 transactions by the end of March.

365,282 wallets, 324,129 blocks Added to Shibarium Puppynet

Also, 365,282 wallets are now linked to the blockchain, the most ever. But that number is even more impressive considering that 200,000 wallets were connected at the end of March.

Also, 324,129 blocks have been added to the Shibarium Puppynet, which is a huge jump. These milestones happened on March 11, an impressive sign of how far things have come on the Layer-2 blockchain.

So, this activity helps the SHIB Army as a whole in a huge way. In particular, the BONE token is used for all transactions on the Beta. So, 70% of that base fee from all transactions is turned into SHIB and sent to no longer-used wallets.

So, this kind of activity will help the meme coin burn faster, which is very important. Still, those numbers have already shown themselves to be good. In fact, in the last 24 hours, the burn rate has increased by 1,100%, and reports say that 35,110,701 Shiba Inus have been removed from circulation.