Shiba Inu Testnet Blockchain “Puppynet” Goes Through 20 Million Transactions

Puppynet, the Shibarium Network’s native testnet, has now processed over 20 million transactions from 16 million wallets as it nears the release of its mainnet in the next few months.

Puppynet is a blockchain network designed for testing purposes. They simulate activity on the mainnet, allowing developers to debug and monitor network activity before a broader release.

Puppeynet’s blockchain scanners indicate that the average transaction time is five seconds.

This could increase the value of SHIB, the Shibarium token and BONE.

On-chain data shows that one of the largest SHIB investors added $10 million worth of tokens to its holdings on Monday. That brings their combined value to 5.3 trillion SHIB, which is worth $35 million today.

Shibarium has been hailed as an important development in the Shiba Inu ecosystem. It started as a meme coin inspired by the Shiba Inu dog breed and is now a serious blockchain initiative.

The Shibarium Metaverse will be partially released later this year. Users can create their own avatars in the form of humanoid dog characters to explore and interact with lands. They can also contribute to the game economy.