June 27 (Cointime) - Shibarium's testnet, Puppynet, has achieved a significant milestone of 25 million transactions since its launch on March 11. The increase in network activity is indicative of a growing demand for Shibarium and a potential boost in the price of SHIB in the long term.

The blockchain remains stable with an average block time of 5 seconds and a gas fee near 1 Gwei.

The community is eagerly awaiting the release of the Shibarium mainnet, which is expected to be announced soon by lead developer Shytoshi Kusama, along with the publication of the "Worldpaper" detailing the Shiba Inu ecosystem.

Meanwhile, SHIB price has fallen 3% in the last 24 hours, while BONE price continues to rally with a 31% jump in a week.