Shiba Inu (SHIB), the popular meme-inspired cryptocurrency, has seen a significant spike in network activity as it recently registered an unprecedented number of new addresses. according to data Shared by senior analyst Ali Charts, 2,538 new addresses were created for SHIB on May 26, marking the highest increase in three months.
This spike in address creation has pushed the total number of addresses on the Shiba Inu’s Shibarium testnet, Puppynet, to over 16 million. The significant growth in network participation reflects the increasing adoption and use of Shiba Inu within the community.
Shiba Inu network accreditation and activity
the measurement tools board From Shiba Inu reveals that more than 16 million wallet addresses are actively interacting with the network, indicating a vibrant ecosystem. With over a million total blocks on the network and an average block time of just five seconds, the Shiba Inu blockchain demonstrates its efficiency and scalability.
Moreover, the network has processed a remarkable number of transactions exceeding 13 million in total. These stats highlight the growing popularity and use of the Shiba Inu in the cryptocurrency space.
while, The Shiba Inu network’s rising activity is closely aligned with its rising social metrics. According to data from Lunar Crash, a reputable data aggregator, SHIB ranks in the top 10 coins by social mentions over the past week.
It should be noted that SHIB’s social media posts reached 10,240, while its social posts reached 344.8 million over the past week. Analyzing its weekly performance, SHIB’s social engagement saw a significant rise of 20.7%, reaching 2 billion, while total mentions grew by 6.5%, reaching 168,000.
Notably, the token has attracted an average of 1,200 unique social contributors per hour, confirming its strong involvement in the community.
Latest update on Shibarium
According to the official statement From Lucie, a key figure in the Shiba Inu ecosystem, the highly anticipated launch of the Shibarium mainnet is expected before the end of the year. Lucie revealed that Shibarium developer Shibarium 1 has speculated a launch date in August, while Shiba Inu leader Shytoshi Kusama expects a slightly earlier launch in July.
Lucy stressed the Shiba team’s confidence in the upcoming mainnet launch and highlighted the concerted efforts of the multiple teams, including the integration of artificial intelligence (AI). However, the team remains focused on sustainable growth and does not engage in any promotional tactics. Lucie states that extensive testing processes and security audits are of utmost importance prior to the official launch, ensuring the reliability and robustness of the platform.
Notably, it’s clear that the Shiba Inu ecosystem is working hard for a successful launch of the mainnet, prioritizing security and long-term viability. As the project continues to progress, stakeholders are eagerly anticipating the upcoming release, which is poised to play a pivotal role in shaping the future of SHIB.
Meanwhile, the Shiba Inu (SHIB) market showed a fermenting rally after a huge rebound last week. Over the past 24 hours, SHIB stock is up 2.2% with a trading price of $0.00000879.
Featured image from Shutterstock, chart from TradingView