In a transfer that has despatched ripples by the Shiba Inu neighborhood, Puppynet, the beta testnet for Shibarium, has seen a whole transaction freeze over the previous 96 hours, as per the most recent information from Puppyscan. This surprising halt in exercise, which started on August fifth, has intensified speculations concerning the approaching launch of the Shibarium mainnet.
Puppyscan’s newest statistics paint a vivid image: Puppynet has recorded a powerful 35.044 million transactions, maintained a mean block time of 6.4 seconds, processed roughly 1.989 million blocks, and boasts a sturdy 17.063 million wallets. Notably, the community had been constantly confirming a mean of 250,000 transactions each day earlier than this abrupt halt.
Many Shiba Inu fans are decoding this as an indication that the beta section of Shibarium, generally known as Puppynet, is wrapping up in anticipation of the Shibarium mainnet’s grand unveiling on the Blockchain Futurist Convention 2023, scheduled for August fifteenth and sixteenth. Nonetheless, it’s price noting that the Shiba Inu staff has but to make an official assertion confirming these speculations.
The Plot Thickens For Shibarium
In parallel to those developments, Shytoshi Kusama, the lead developer of Shiba Inu, has dropped quite a few hints a couple of well timed Shibarium launch in latest weeks and months. In a weblog submit from July thirty first, Kusama introduced that with the incoming launch of Shibarium, “within the subsequent few days you’ll discover that we are going to INT THE REMAINING SUPPLY OF BONE and RENOUNCE THE BONE CONTRACT in order that no additional minting might be potential.”
He additional elucidated the pivotal function of BONE within the upcoming system, highlighting its significance for validators, its operate as a gasoline token for Shibarium, and its function in know-how governance. Furthermore, in a bid to bolster the Shiba Inu ecosystem, the staff has rolled out a number of initiatives. These embody the Shibarium SSI (Self-Sovereign Identification) and the general public testing launch of the Shibarium beta bridge.
However Kusama already supplied the largest clue in a weblog submit on July 6 the place he hinted on the potential launch of the eagerly awaited layer 2 through the ETHToronto and ETHWomen hackathons, slated for August 15-16, 2023 in Canada. “The occasion holds particular significance because it coincides with the third anniversary of Shiba Inu and takes place within the birthplace of Ethereum,” Kusama famous.
Moreover, Kusama introduced the Shiba Inu ecosystem’s sponsorship for the official hackathons, ETHToronto and ETHWomen, and their function because the title sponsor for the upcoming Blockchain Futurist Convention. In a groundbreaking transfer, Kusama will tackle the convention through synthetic intelligence know-how, the place the “world paper” of the Shiba Inu ecosystem might be showcased, together with all Shib branded tasks and Deal with. Remarkably, the lead dev additionally teased, “It’s additionally extremely probably we are going to talk about and even launch our lengthy awaited L2 Shibarium.”
And there’s extra trace from at present: Kusama has as soon as once more suspended Shibarium’s official Telegram channel. This transfer mirrors his earlier motion of halting the Telegram channel simply earlier than the Shibarium testnet, PuppyNet, was launched in March.
Shiba Inu Value
At press time, the Shiba Inu worth was at $0.00000983, making a second try to interrupt the 38.2% Fibonacci retracement degree at $0.000001. The worth degree served as sturdy help from mid-March to mid-Could, so extra bear strain will be anticipated at this level. If a breakout succeeds, it may imply bullish momentum and push the value in the direction of $0.00001114.
Featured picture from Swyftx Be taught, chart from TradingView.com