- The Shiba Inu ecosystem is gearing up for significant announcements, with major releases on the horizon.
- Despite these positive outlooks and the planned expansions, SHIB has not experienced a significant rally yet.
Lucie, an official from the Shiba Inu ecosystem, has teased an upcoming exciting development for the project. She recently revealed the launch of a dedicated YouTube channel for Shibarium and dropped a hint by saying, “We are working on something special.”
We are cooking something….
follow on youtube …. https://t.co/uDAwKvy1nj#SummerOfShibarium pic.twitter.com/GzQ3QtMgsW
— 𝐋𝐔𝐂𝐈𝐄 | Shibarium ⛓️ (@LucieSHIB) July 24, 2023
Lucie had previously reassured the community, promising numerous projects would become part of the Shiba Inu ecosystem once the L2 scaling solution was implemented on the mainnet. She emphasized that these upcoming additions would extend beyond the existing ecosystem tokens like SHIB, BONE, and LEASH.
The Shiba Inu ecosystem is gearing up for significant announcements, with major releases on the horizon. Exciting developments include the launch of the “Worldpaper” and the highly-anticipated Shibarium mainnet release. Shytoshi Kusama, the lead of Shiba Inu, hinted at the upcoming unveiling of the “Worldpaper,” coinciding with the release of Shibarium or just before it.
According to a blog post, the “Worldpaper” will delve deep into various aspects of SHIB, encompassing the ecosystem of tokens, products, platforms, and services, including but not limited to SHIB, BONE, LEASH, and TREAT. This comprehensive document promises to offer valuable insights into the entire SHIB ecosystem.
Additionally, Shiba Inu has been revealed as the main sponsor for The Blockchain Futurist Conference, Eth Toronto, and Eth Women events scheduled for this August in Toronto.
This high-profile sponsorship elevates Shiba Inu to the same league as major exchanges and projects, solidifying its position as a significant player in the crypto space. Anticipation is building as the event coincides with Shiba Inu’s third anniversary, leading to heightened expectations for major announcements during the conference.
Shibarium Surpasses 31 Million Transactions
On July 20, Cryptolight shared some exciting updates on the Shibarium testnet via Twitter. According to the latest report, the total transactions on Puppynet surpassed an impressive 31 million, while the number of connected wallet addresses reached 17 million.
#Shibarium managed to surpass 31 million transactions on Testnet, and prepares for mainnet launch, we will see positive price events in the coming weeks of $SHIB $BONE and #leash@Shibariumtech pic.twitter.com/neIp8rhi6e
— cryptolight (@Cryptolight_z) July 20, 2023
The accompanying snapshot indicated a precise count of 31,070,665 transactions executed on the Shibarium testnet and exciting updates on the Shibarium testnet via Twitter.
Additionally, Cryptolight disclosed that the total blocks produced on the testnet had reached 1,768,423, with an average block time of 7.4 seconds. Similarly, the overall wallet addresses on Puppynet reached a significant milestone of 17,062,340 at that time.
Reacting to these impressive numbers, the lead developer of Shiba Inu, Kusama, responded with an emoji expressing excitement.
SHIB Price Continues Bearish Trend
As of the current writing, the renowned altcoin is trading at $0.00007793, persisting in a bearish trend over the past week.
Significantly, the cryptocurrency has experienced a decline of more than 1.50 percent in the last 24 hours. With Bitcoin (BTC) and other major altcoins displaying negative price movements, there could be potential adverse effects on the SHIB price in the upcoming days.
However, experts anticipate a potential rally in the SHIB price and other ecosystem tokens, such as BONE and LEASH, following the launch of Shibarium’s mainnet.
