The number of wallets connected to Shiba Inu Shibarium’s Puppynet testnet is now over 16 million, according to data from Puppyscan.

Since the launch of the Puppynet testnet on March 11, network activity within the Shiba Inu ecosystem has been rising. For context, the network processed around 3 million transactions within the last seven days, pushing its transaction volume to 13.2 million at the time of writing.

Shiba Inu Wallet Creation Rate Reach Highest Level in 3 Months

The increased transaction volume has also coincided with a period of high wallet creation. On May 27, BeInCrypto’s global news editor, Ali Martinez, shared Glassnode’s data showing that 2,538 new SHIB addresses were created on May 26. According to Martinez, this marked the highest increase in 3 months.

Shiba Inu’s Puppynet dashboard showed 16 million wallet addresses interacting with the network. This shows the high level of adoption and use among the community. The total number of blocks on the network has surpassed 1 million, and its average block time is 5 seconds.
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Author: Oluwapelumi Adejumo

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