Sibarium’s test net “Puppynet” is booming | coindesk JAPAN | coin desk Japan

Puppynet, the native testnet of the Shibarium network, has seen active activity ahead of its mainnet release scheduled for later this year.

Since its launch on March 11, Puppynet has processed over 700,000 transactions from just under 200,000 unique wallets, according to data from Blockchain Explorer. Transactions surged last week, with over 114,000 transactions in the 24 hours from March 28-29.

Puppynet achieved 700,000 transactions. (Shibscan)

Puppynet has been active so far, and future feature additions may increase the value of Sibarium’s ecosystem tokens SHIB and BONE, but there are still reasons to be careful.

“Some may argue that the financial impact of the Sibarium upgrade is insufficient. However, in our view, beta test network Puppynet has reached the significant milestone of 200,000 wallets in just over a week. We need to do some continued work, but I think it’s a remarkable result,” Rachel Lin, CEO of DeFi derivatives platform SynFutures, told Telegram. ) message.

“Furthermore, Unification, which developed Sibarium, announced that it is working on an all-in-one wallet solution that will enable native two-way asset transfers, staking/delegate, and includes a Shibaswap integration module. ‘s native tokens, SHIB and BONE, could see a short-term spike in value, but given the current macroeconomic climate, such moves are likely to be short-lived,” Lin warned. are doing.

Testnets such as Puppynet are blockchain networks designed for testing purposes. Mimicking activity on the mainnet, developers can debug various issues and monitor network activity ahead of a wider release.

Sibarium is attracting attention as a major development of the Shiba Inu coin ecosystem. Shiba Inu Coin originally appeared as a meme coin named after the popular dog breed Shiba Inu, but has since been positioned as a full-fledged blockchain project.

Sibarium is a layer 2 blockchain, an off-chain system (another blockchain) built on top of a layer 1 protocol to alleviate scaling and data bottlenecks.

These networks are able to reduce data load and fees by bundling multiple off-chain transactions into a single Layer 1 transaction.

As previously reported by CoinDesk, the developers of Shiba Inu Coin are working towards the NFT sector in the coming years, apart from Sibarium being used as a cheap means of payment for decentralized applications (dApps) built on networks. is expected to thrive, so it said it will focus on the metaverse and gaming applications.

｜Translation: coindesk JAPAN
｜Editing: Toshihiko Inoue
｜Image: Shutterstock
｜Original: Shiba Inu’s Testnet ‘Puppynet’ Sees Rising Activity Ahead of Shibarium Mainnet