Shiba Inu’s Layer-2 scaling solution, Shibarium beta, has reached a new milestone by surpassing 32 million transactions, just a few days after reaching a limit of 31 million transactions. Puppyscan reported that the total number of transactions on the Shibarium Layer-2 testnet, known as Puppynet, has reached 32,094,269.
Increasing User Activity and Excitement About the Shibarium Launch
The increasing number of transactions in just a few days demonstrates the interest of users in the testnet. As the transaction count increases, the number of blocks has also increased to 1,825,723. The current number of wallet addresses, 17,062,525, indicates growth.
As evident from the total transactions and wallets, Shytoshi Kusama, the leader of Shiba Inu, expressed his joy on Twitter about the increasing user activity on the Layer-2 Shiba Inu network.
With exciting times ahead, there is a growing interest before the launch of Shibarium. CoinRabbit, a crypto lending platform, showed its support for Shibarium by listing both SHIB and BONE, providing services for meme tokens for the first time. The platform expressed their excitement to be the first crypto lending service to support Shibarium on Twitter.
Short-term Trading Among Shiba Inu Investors Sees a 73% Increase
Blockchain analytics company IntoTheBlock provides its users with data on how long wallet addresses have been holding a crypto asset. These addresses are divided into three groups. “Hodlers” represent long-term investors who have held their assets for a year or longer. “Crisers” are wallet addresses that hold assets for one to twelve months. Lastly, wallet addresses that have held the asset for less than a month are referred to as “traders.”
According to IntoTheBlock’s data, short-term traders have started buying Shiba Inu, and there has been a 73% increase in short-term investors among these three investor groups. It is expected that investors who bought based on news will hold their Shiba Inu tokens in the long run.
