• Shibarium’s testnet Puppynet has surpassed 10 million transfers prior to the mainnet launch.
• Gas token Bone ShibaSwap (BONE) is consolidating in preparation for the mainnet launch.
• Ethereum whales are accumulating BONE as it trades 22% lower from its all-time high.
Shibarium’s Testnet Hits 10M Transfers
Puppynet, Shibarium’s Layer-2 blockchain solution, has scored two milestones prior to its mainnet launch: 9 million transactions and 15 million wallet addresses. The average block time for these transactions currently stands at 7.2 seconds, which is faster than ERC-20 tokens on Ethereum’s network.
Bone ShibaSwap (BONE) Consolidates
As Unification xFund developers continue their work on Shibarium’s mainnet, BONE is undergoing a consolidation phase in its daily charts. At press time, the #190 ranked altcoin BONE trades at $0.765559 according to CoinGecko – 0.7% lower than yesterday and 22% lower than its all-time high last year. Despite this dip in price, Ethereum whales have taken notice of BONE and have been accumulating it on-chain; however three out of four IntoTheBlock signals for BONE are bearish.
Major Crypto Exchanges Listing Shiba Inu Tokens
The ongoing hype surrounding Shibarium has led to several major crypto exchanges listing Shiba Inu’s alternative tokens including Huobi and Crypto.com. This has helped boost the publicity of $BONE and resulted in triple digit gains since last year despite its current decline in price over the past 30 days.
Mainnet Launch Just Around The Corner
Shibarium’s mainnet launch is just around the corner with Unification xFund developers continuing their complex work on the project before launching it into production phase with real tokens instead of test tokens being used by Puppynet presently.. Once live, the utility of $BONE will become apparent as gas fees start to be paid through it within the ecosystem as well as other use cases promised by Shiba Inu team such as NFT minting & trading platform or becoming a liquidity provider on various decentralized finance applications built on top of this Layer-2 blockchain solution
Conclusion
Shibarium’s testnet Puppynet continues to perform admirably due to its fast transaction speed and numerous users already using it prior to official mainnet launch – scoring two notable milestones along the way with 9 million transactions and 15 million wallet addresses created so far. Gas token Bone ShibaSwap (BONE) looks set to retest key support lines soon as consolidation closes while still managing triple digit gains since last year thanks to increased publicity given by major crypto exchanges listing alternative SHIB tokens like Huobi & Crypto.com.. With Shibarium’s mainnet launch just around the corner, it will be interesting to see how useful $BONE will become once real tokens start circulating throughout this Layer-2 blockchain solution ecosystem!