According to CryptoPotato, the Shibarium testnet has reached significant milestones, processing over 38 million transactions. Despite a turbulent start, Shibarium appears to be performing well, with recent data updates showing an average of 170.7k transactions.
Puppyscan data reveals that the average transaction count has reached 38.77 million, with the number of wallets involved increasing to approximately 17.08 million. The average block count has recently surpassed 3.16 million, with a new block being released every 5 seconds.
During Shibarium's initial phase, transaction volume remained relatively low. For example, on August 5, there were 101k transactions, which significantly declined to 10 transactions the following day. This downward trend persisted until August 10, when the transaction volume increased to 136.7k. However, this increase was short-lived as the volume dropped to 116k the next day, eventually falling further to 16k.
The charts indicate a further decline to 0 between August 14 and 15. The SHIB community was expressing major doubts about the project at this time.
Despite this shaky start, Shibarium later gained traction and now reports increasing transactions based on Puppyscan data. According to other charts, Shibarium has been collecting an average of over 11 ETH in transactions every day recently.
BONE, Wrapped BONE, Doge Killer, and Shiba Inu are currently the most exchanged crypto assets via the Shibarium testnet.
