In a testament to its growing popularity, Shiba Inu’s PuppyNet has recently tapped a new milestone. Just a few weeks after launch, the beta version of the layer 2 scalability platform Shibarium has recorded 2.95 million transactions in 324,129 blocks with 5.0 seconds of block time.
Leading SHIB-focused account Lucie shared that Shibarium testnet PuppyNet has already deployed 71 tokens built on Shibarium.
As per data from Puppyscan, the total number of registered addresses on the Shibarium testnet has also surged to over 365k, marking a whopping 78% increase from the number of addresses as of March 31st.
Although still in the testing phase, many projects have expressed interest in integrating the Shibarium protocol with their platforms once it is launched on the mainnet.
One such example is the new mysterious billion-dollar project called the Koyo platform.
It aims to generate significant SHIB burns and trading volumes worth billions of dollars at the Shibarium debut, giving the platform a huge increase in utility.
For context, the Koyo token [‘Koyo’] gained massive popularity within the Shiba Inu community since the launch of the ShibaSwapDEX last month on March 9.
Many proponents believe that this has something to do with the large $SHIB burn transactions in the month of March.
The community-driven project executed its largest burn transaction by sending 924,150,949 [924.15 million] SHIB to the dead wallet on March 17.
Later, Koyo Token founder Kintaro unveiled details that caught everyone’s attention. In the announcement post, Kintaro outlines a plan to build exclusively on the Shibarium platform.
Shiba Inu Largest Burner’s Big Plans For The Memetoken Ecosystem
With the launch of Shibarium, Kintaro and his team …” expect billions of dollars in volume, expect millions of dollars in rewards and in turn expect $SHIB burns to be in the millions with continuous burns.”
Furthermore, the Koyo platform seeks to provide “additional financial services features, covering both the lending & borrowing protocols through the Koyo Venture Capital Fund designed management system, in support of the growth of selected value, and add Shibarium projects which will truly benefit the Shiba ecosystem.”
Prior to the latest achievement, Puppynet also grabbed the limelight for hitting one million in terms of total transactions, with an average block time of 8.3 seconds.
Even though these figures may not accurately portray a true picture as Shibarium is still in test mode. They still are encouraging signs for the future of Shiba Inu’s ecosystem.