Shibarium’s Puppynet, the testnet for the Shiba Inu-inspired blockchain project, has experienced a nearly 10x spike in wallet addresses in just a day, according to data provided by puppyscan.shib.io.
As per the data, the number of wallets linked to Puppynet has surged from 365,282 to 3,122,259, and the overall transaction number increased from 2,255,398 to 2,953,911.
Shibarium’s beta version was released on March 11, and since then, the burn rate of SHIB tokens has been rising drastically on a daily and weekly basis. In addition, Shiba Inu influencer Lucie Sasnikova recently tweeted that the number of tokens deployed on Puppynet has reached 71, indicating that the number will significantly increase once the mainnet is launched.
As we reported earlier, the crypto payments platform NOWPayments has partnered with Shibarium to expand the adoption and utility of the Shiba Inu meme token.
The integration of Shibarium into the platform will enable consumers to pay with SHIB in a more user-friendly way.
SHIB’s adoption as a payment method has increased significantly in recent years, thanks to crypto payment providers such as BitPay, Binance Pay, and NOWPayments. You can now purchase sports cars, and Hublot watches, and even rent cars and real estate with SHIB.
Mohammad Ali is a fintech and cryptocurrency writer who has been covering the intersection of finance and technology for several years. Ali has a deep understanding of the financial industry and the ways in which technology is changing it, with a special focus on the rise of digital currencies and blockchain technology.
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