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

The highly anticipated mainnet launch of Shiba Inu’s (SHIB) layer-2 blockchain project Shibarium is fast approaching, according to a SHIB team member.

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

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

Shiba team is confident about the launch and have multiple teams working on it, including AI (artificial intelligence) integration. Our estimate is for 2023, and we are not pumping anything, but focusing on sustainable growth. The testing process and security audits are crucial before the launch.

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

You do!!! Q2-Q3 2023.”

Lucie also says if something unexpected occurs during the ongoing testing phase, the timeline may change.

“UNDERSTAND – if some testing goes wrong it may take longer – it’s being built – it’s not made from magic box.”

New data shows that the number of transactions over the testnet of Shibarium, known as Puppynet, has surged to over 12.2 million, up from the 4.4 million last month and about a 28% jump since last week, according to blockchain tracker Blockscout.

Shibarium is a layer-2 protocol built on top of Ethereum (ETH) designed to create fast and inexpensive scalable solutions much like Polygon (MATIC).

According to data from SHIB burn tracker Shibburn, the total Shiba Inu tokens discarded from its initial supply is more than 410.6 trillion. The project’s circulating supply sits at around 574.8 trillion.

In the past 24 hours alone, 20,178,231 SHIB tokens were eliminated from circulation, according to Shibburn.

According to IntoTheBlock, just 16% of SHIB holders are profitable, while 81% are underwater.

SHIB is worth $0.00000851 at time of writing, down 18.3% during the past 30 days.

Generated Image: Midjourney