The highly anticipated mainnet launch of the Shiba Inu (SHIB) layer 2 blockchain project, Shibarium, is fast approaching, according to a SHIB team member.
Lucie, 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_ assumed the mainnet launch would be in August whereas my guess is for Q3 and [lead SHIB developer] @ShytoshiKusama guessed July.
The Shiba team is confident in the release and has several 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 launch.
So STOP SAYING YOU DON’T HAVE A TIME ESTIMATE.
You do!!! Q2-Q3 2023.”
lucie too says if something unexpected happens during the current testing phase, the timeline may change.
“UNDERSTAND: If some tests go wrong, it may take longer, it’s being built, it’s not made out of a magic box.”
New data shows that the number of transactions through Shibarium’s testnet, known as Puppynet, rose to more than 12.2 million, up from 4.4 million last month and an increase of around 28%. 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 cheap scalable solutions like Polygon (MATIC).
According to data from SHIB Shibburn burn tracker, the total Shiba Inu tokens discarded from their initial supply is more than 410.6 billion. The circulating supply of the project is around 574.8 trillion.
In the last 24 hours alone, 20,178,231 SHIB tokens have been removed from circulation, according to Shibburn.
According to IntoTheBlock, only 16% of SHIB holders are profitable, while 81% are underwater.
SHIB is worth $0.00000851 at time of writing, down 18.3% over the past 30 days.
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