Shiba Inu Meme Coin Developer Ready To Release Shibarium Mainnet

Shiba Inu meme coin. (Photo; Doc. Pahakiz)

JAKARTA - An impressive achievement has been achieved by the Ethereum-based layer-2 network of the Shiba Inu ecosystem known as "Shibarium." In the coming weeks, its mainnet will be broadcast, promising various extraordinary potentials for the crypto world.

The latest data from PuppyScan, an analytic platform that records on-chain transactions on the Shibarium protocol, reveals that this L2 scaling solution has managed to record more than 31 million total transactions. Since the PuppyNet testnet was launched, this protocol has processed a total of 31,820,330 transactions impressively.

In addition, the total block generated also reached 1,810,079 from the start, showing a strong existence in the ecosystem. The use of the PuppetNet platform has also increased rapidly, with a total of 17,062,483 wallets actively operating on this protocol.

The Shibarium, designed to help scale up Ethereum, is a much-anticipated project amid the momentum of the Layer-2 network in Ethereum that has shocked over the past year. After its mainnet launch, the Shibarium has ambitions to create its own community and compete with other projects such as Polygon (MATIC), Arbitrum (ARB), and Optimism (OP).

The process of developing the Shibarium protocol has been going on for months and has attracted interest from several other protocols interested in contributing to its development. The main developer Shytoshi Kusama said that the scheduled Shibarium launch will take place at the upcoming Blockchain Futurist Conference will provide a major boost to the SHIB price to a new high.

This is due to part of the transaction fees generated at SHIB that will be sent to a dead wallet to be removed from circulation, implementing a deflation model that is believed to drive price increases in the long term.