Puppynet for Shibarium: Shiba Inu’s Layer2 Solution

03/31/2023 09:25 • Metaverse Matters • 200 views

According to reports, according to BlockScout data, the early beta version of Puppynet for Shibarium, Shiba Inu’s Layer2 solution, has processed nearly 200000 independent wallets and over 1 million transactions since its launch on March 11. In addition, according to CoinDesk, citing Rachel Lin, CEO of SynFutures, a Polygon ecological derivatives agreement, Unification, the company behind Shibarium, announced that it was developing an integrated wallet solution that would support local two-way asset transfer, pledge/delegation, and include a Shibaswap integration module.

Shibarium test network Puppynet has processed nearly 200000 independent wallets and over 1 million transactions

Introduction:

Shibarium, the Layer2 solution for Shiba Inu, is creating waves with the early beta version of its Puppynet. Reports reveal that the platform has already processed nearly 200,000 independent wallets and over 1 million transactions. Additionally, the company behind Shibarium has revealed its plans to develop an integrated wallet solution that will support local two-way asset transfer, pledge/delegation, and a Shibaswap integration module.

What is Shibarium?

Shibarium is the Layer2 solution for Shiba Inu, a Dogecoin-inspired cryptocurrency that grabbed the attention of investors by gaining over 3,000% in value in just one month. The platform provides high-speed, low-cost transactions for Shiba Inu while also allowing the ecosystem to scale.

Puppynet for Shibarium:

Puppynet is the early beta version of Shibarium unveiled on March 11, 2022. The platform boasts of having processed nearly 200,000 independent wallets and over 1 million transactions. Puppynet aims to enhance the performance of the Shiba Inu ecosystem by providing more scalability and faster transactions.

Shibarium’s Wallet Solution:

According to Rachel Lin, CEO of SynFutures, the company behind Shibarium, the team is developing an integrated wallet solution that will allow local two-way asset transfers between Layer2 and Layer1. The solution will also support pledge/delegation, allowing Shiba Inu holders to earn rewards by staking their holdings. Additionally, the wallet solution will have a Shibaswap integration module, giving users access to the Shiba Inu decentralized exchange.

Why is Shibarium Important?

Shiba Inu has gained significant attention due to its similarity to Dogecoin, and its value has increased significantly in a short time. Shibarium provides a Layer2 solution that allows the Shiba Inu ecosystem to scale without compromising on performance. The platform’s beta version has already attracted a significant number of users, indicating that Shibarium’s adoption could contribute to enhancing Shiba Inu’s value further.

The Future of Shibarium:

Shibarium’s integrated wallet solution and forthcoming full version aim to make it easy for Shiba Inu users to interact with the ecosystem seamlessly. With the burgeoning demand for the platform, the future of Shibarium looks bright.

Conclusion:

Shibarium aims to enhance the performance of Shiba Inu by providing a Layer2 solution that allows high-speed, low-cost transactions. Reports indicate that its early beta version, Puppynet, has already processed nearly 200,000 independent wallets and over 1 million transactions. Additionally, the company behind Shibarium is developing an integrated wallet solution that will support pledge/delegation and a Shibaswap integration module.

FAQs:

Q: What is Shibarium?

A: Shibarium is the Layer2 solution for Shiba Inu, which provides high-speed, low-cost transactions for the ecosystem while allowing scaling.

Q: What is Puppynet?

A: Puppynet is the early beta version of Shibarium, which has already processed nearly 200,000 independent wallets and over 1 million transactions.

Q: What is in Shibarium’s Wallet Solution?

A: Shibarium’s integrated wallet solution will support local two-way asset transfer, pledge/delegation, and a Shibaswap integration module.

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