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**Exploring Shibarium, Shiba Inu’s Exciting Layer2 Solution**

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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 a

**Exploring Shibarium, Shiba Inus Exciting Layer2 Solution**

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

Shiba Inu, a cryptocurrency that has rapidly gained popularity among investors since its launch in 2020, has now announced the launch of Shibarium, its Layer2 solution. Shibarium aims to overcome the scalability and high transaction fees that currently plague the Ethereum network. In this article, we will explore Shibarium in detail and discuss its early performance since the launch of its Puppynet beta version.

**What is Shibarium?**

Shibarium is a Layer2 solution for the Shiba Inu network that aims to increase the efficiency and scalability of the Shiba Inu ecosystem. It runs on top of the existing Ethereum network and utilizes the benefits of sidechain technology to reduce the number of transactions on the Ethereum mainnet. This helps to reduce congestion on the Ethereum network and increase transaction speeds while also reducing gas fees.

**Puppynet Beta Version Launch and its Performance**

According to reports, the early beta version of Puppynet for Shibarium has been launched on March 11, 2022. The Puppynet beta version for Shibarium has already processed nearly 200,000 independent wallets and over 1 million transactions. These numbers are impressive considering the fact that the beta version has only been in operation for just two weeks.
One of the key features of Shibarium is that it offers a seamless transaction experience for Shiba tokens, as well as an enhanced user experience. Puppynet uses a unique Layer2 scaling technology that enables vast amounts of transactions to be processed within seconds. This scalability is made possible by using network security, transparency, and the low transaction costs of off-chain order books.

**Unification’s Integration Wallet Solution and Shibaswap**

Unification, the company behind Shibarium, has announced that it is developing an integrated wallet solution that will support local two-way asset transfers, pledge/delegation, and include a Shibaswap integration module. Shibaswap is a decentralized exchange (DEX) that was launched in July 2021 and has already gained a significant following among its users.
Rachel Lin, CEO of SynFutures, which is a Polygon ecological derivatives agreement, confirmed the integration of Shibaswap in Shibarium. According to Lin, this integration will offer unique features to Shibaswap and provide significant advantages for users. Lin also stated that the integration of Shibaswap in Shibarium would offer better opportunities for liquidity providers, traders, and arbitrageurs.

**Conclusion**

In conclusion, Shibarium, Shiba Inu’s Layer2 solution, has shown great potential in addressing scalability challenges and reducing high transaction costs on the Ethereum network. The beta version of Puppynet has garnered an impressive number of independent wallets and transaction volumes within a relatively short span. The prospect of an integrated wallet solution with Shibaswap will undoubtedly deepen the appeal of Shibarium among the crypto community. Shibarium presents a new chapter in the Shiba Inu ecosystem and offers a promising future ahead.

**FAQs**

1. What is the purpose of Shibarium?
Shibarium is a Layer2 solution for the Shiba Inu network that aims to increase the efficiency and scalability of the Shiba Inu ecosystem. It aims to reduce transaction fees and make transactions faster and cheaper.
2. What is Puppynet?
Puppynet is the beta version of Shibarium that has been launched to test the product’s performance and potential. It has already processed millions of transactions and gained significant popularity among its users.
3. What is Shibaswap?
Shibaswap is a decentralized exchange (DEX) that was launched in July 2021 as part of the Shiba Inu ecosystem. It allows users to trade, stake, or provide liquidity for various Shiba Inu-based tokens.

**Keywords:** Shibarium, Layer2 Solution, Puppynet, Shiba Inu, Ethereum network, Scalability, Transaction Fees, Shibaswap, Decentralized Exchange

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