Shiba Inu’s Shibarium Mainnet Launch Nears As Testnet Transactions Surge to Over 12,000,000 – Right here’s the Timeline

The extremely anticipated mainnet launch of Shiba Inu’s (SHIB) layer-2 blockchain mission Shibarium is quick approaching, in line with a SHIB staff member.

Lucie, a content material market specialist for Shiba Inu, says that the Shibarium mainnet launch is anticipated within the second or third quarter of 2023.

“Yesterday, [SHIB supporter] @Shibarium_ guessed that the launch of the mainnet could be in August, whereas my guess is for Q3 and [lead SHIB developer] @ShytoshiKusama guessed July.

Shiba staff is assured concerning the launch and have a number of groups engaged on it, together with AI (synthetic intelligence) integration. Our estimate is for 2023, and we’re not pumping something, however specializing in sustainable progress. The testing course of and safety audits are essential earlier than the launch.

So STOP SAYING YOU DON’T HAVE AN ESTIMATED TIME.

You do!!! Q2-Q3 2023.”

Lucie additionally says if one thing surprising happens throughout the ongoing testing part, the timeline could change.

“UNDERSTAND – if some testing goes unsuitable it could take longer – it’s being constructed – it’s not created from magic field.”

New information exhibits that the variety of transactions over the testnet of Shibarium, referred to as Puppynet, has surged to over 12.2 million, up from the 4.4 million final month and a couple of 28% bounce since final week, in line with blockchain tracker Blockscout.

Shibarium is a layer-2 protocol constructed on high of Ethereum (ETH) designed to create quick and cheap scalable options very like Polygon (MATIC).

In keeping with information from SHIB burn tracker Shibburn, the overall Shiba Inu tokens discarded from its preliminary provide is greater than 410.6 trillion. The mission’s circulating provide sits at round 574.8 trillion.

Up to now 24 hours alone, 20,178,231 SHIB tokens had been eradicated from circulation, in line with Shibburn.

In keeping with IntoTheBlock, simply 16% of SHIB holders are worthwhile, whereas 81% are underwater.

SHIB is price $0.00000851 at time of writing, down 18.3% throughout the previous 30 days.

Generated Picture: Midjourney