Puppynet Popularity Booms as BONE Price Plummets

23. April 2023 Aus Von admin

•Shibarium, the Layer-2 upgrade of Shiba Inu (SHIB) token, has been released.
•The testnet reached 14M wallets and 4.4M transactions.
•Bone ShibaSwap (BONE), the alternative token of the Shiba Inu Ecosystem, plunged by 23% since the release of ‘puppynet’.

Shibarium: An Upgrade For SHIB

Shiba Inu (SHIB) developers have launched Shibarium, a Layer-2 upgrade that will detach the ERC-20 token SHIB from Ethereum (ETH) and transcend into a self-sufficient ecosystem. The developer team has started the phased rollout of Shibarium, a testnet that’s being utilized to regulate the technical parts before mainnet launch.

Puppynet Reaches Milestones

The ‚puppynet‘ smart contract on Shibarium Beta has already surpassed 14 million registered wallets and 4.4 million successful transactions, with 473,704 done in just 24 hours. This indicates that transaction speed could be much faster than Ethereum’s when fully operationalized.

Bone Price Plummets

The alternative token of the Shiba Inu Ecosystem – Bone ShibaSwap (BONE) – will be used to cover Shibarium’s gas fees when it is launched on mainnet. Unfortunately for holders, BONE dropped below crucial support after ‚puppynet‘ was released; trading at $0.926600 according to CoinGecko with 3% loss in last 24 hours as bears take hold of it’s price action.

Community Behind SHIB is Growing

Despite BONE’s negative performance in recent weeks, there is still reason for optimism within the SHIB community who are hopeful to see several new features this year as well as crucial upgrades due to increased popularity and development progress behind Shibarium testnet which could easily make millions of transactions per day once operationalized on mainnet!

Conclusion The technical developments around Shibarium show smooth growth but investors must keep an eye out for further developments as Bone ShibaSwap continues its bearish descent at press time