After a relaunch & full re-sync of Shibarium’s ‘Puppynet’, this crucial testnet is back up & running after a two-year hiatus. At block height 15.16 million, new transactions are finally landing on the testnet with immediate success.
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With all systems operational, Shibarium developer Mazrael invited builders back to build on the ‘Puppynet’: developers now can test fresh features for Shibarium, supporting long-term L2 scaling, token burns & ecosystem tools.
It advances Shibarium’s roadmap toward privacy upgrades (like FHE integration) and utility growth, helping position Shiba Inu beyond pure meme status if adoption follows. Once hitting a $11 million total value locked (TVL) figure, Shiba Inu’s own Layer-2 chain cooled off in activity along with the downfall of NFTs, erasing demand from popular digital collectible marketplaces.
Two Major SHIB Projects Restart, No Renaissance Yet
Now, the volumes on Shibarium L2 have finally picked up pace, but it’s still in the thousands rather than the million traded daily on Shibarium a few years back. DefiLlama’s latest data points to a small TVL of $81,390 at the moment, while SHIB Army’s native chain is barely garnering any fees. That also explains the lack of constant Shiba Inu (SHIB) burns deriving from fees.
Meanwhile, metrics from Shibarium Scan, the official blockchain explorer, identify sub-1000 transactions for the most part of July so far. At an average block time of 5.1 seconds, it’s clear that there’s no technical setbacks, but rather a lack of demand. With the global markets moving in a super-cautious manner, memecoin-related DeFi activity tends to take the biggest hit.
This comes just two weeks after the Shibarium dev revealed a restart for Shiba Eternity, SHIB Army’s cult-like mobile card game. Originally, Shiba Eternity was meant to be a part of Shibarium Layer-2 chain, enabling Web3 dwellers to earn real crypto prizes for fights in the Dogjo. Despite pausing that idea for a while, Shibarium devs are reported to be back at it.
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