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Shiba Inu's Shibarium Crosses 10M Transaction Volume Milestone on Puppynet Testnet

Shibarium's Puppynet testnet, an Ethereum-based layer2 solution built for the Shiba Inu ecosystem, has surpassed 10 million total transactions, indicating significant adoption and usage among community members. The network has seen a rise in daily transactions since mid-May, averaging over 300,000 daily transactions. The increase in network activity has led to a rise in the SHIB burn rate, with over 3 billion SHIB tokens burnt in the past seven days. The Shiba Inu community has called for Twitter's new CEO to integrate the token into the network, and despite a recent 18% price drop, Shiba Inu remains a popular digital asset in the crypto market.

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