Shiba Inu Network sets 3-month record with 2,538 new addresses in a day

Shiba Inu (SHIB), a cryptocurrency inspired by a meme, has experienced a remarkable increase in network activity recently, as it recorded an unprecedented number of new addresses. According to data provided by Ali Charts, a prominent analyst, 2,538 new SHIB addresses were created on May 26, marking the highest increase in three months.

This increase in address creation has pushed the total number of addresses on Shiba Inu’s Shibarium’s Puppynet testnet to a milestone of over 16 million. The significant growth in network engagement reflects the growing adoption and use of Shiba Inu within the community.

The Puppynet dashboard of Shiba Inu reveals that more than 16 million wallet addresses are actively interacting with the network, indicating a vibrant ecosystem. With over 1 million total blocks on the network and an average block time of just five seconds, Shiba Inu’s blockchain demonstrates its efficiency and scalability.

Furthermore, the network has processed a remarkable number of transactions, surpassing 13 million in total. These statistics highlight the increasing popularity and utilization of Shiba Inu within the cryptocurrency space.

• USDT stablecoin market dominance increases as USDC declines due to global economic troubles
• Bitcoin surpasses $28K on Debt Ceiling Deal – First Mover Asia
• Floki, a Shiba Inu-themed cryptocurrency, experiences a surge in trading volume due to plans in China

Meanwhile, Shiba Inu’s surging network activity is closely aligned with its soaring social metrics. According to data from Lunar Crash, a reputable data aggregator, SHIB ranks among the top 10 coins by social mentions over the past week. Notably, SHIB’s social mentions reached 10,240, while its social engagements reached 344.8 million over the past week. Analyzing its weekly performance, SHIB’s social engagement witnessed a significant rise of 20.7%, reaching 2 billion, while its total mentions grew by 6.5% to 168,000.

According to an official statement from Lucie, a key figure in the Shiba Inu ecosystem, the highly anticipated launch of Shibarium’s mainnet is expected to take place before the year’s end. Lucie revealed that Shibarium developer Shibarium 1 has speculated a launch date in August, while Shiba Inu lead Shytoshi Kusama predicts a slightly earlier launch in July.

Lucie emphasized the confidence of the Shiba team in the upcoming mainnet launch and highlighted the concerted efforts of multiple teams, including the integration of artificial intelligence (AI). However, the team remains focused on sustainable growth and is not engaging in any promotional tactics. Lucie stated that thorough testing processes and security audits are of utmost importance before the official launch, ensuring the reliability and robustness of the platform.

Notably, the Shiba Inu ecosystem is diligently working towards a successful mainnet launch, prioritizing security and long-term viability. As the project continues to progress, stakeholders eagerly anticipate the forthcoming release, which is poised to play a pivotal role in shaping the future of SHIB.

Meanwhile, the Shiba Inu (SHIB) market has shown a brewing uptick following a significant retracement in the past week. Over the past 24 hours, SHIB has surged 2.2% with a trading price of $0.00000879.

-Featured image from Shutterstock, Chart from TradingView

We will continue to update Phone&Auto; if you have any questions or suggestions, please contact us!