Shibarium’s Major Upgrade: Can It Boost Shiba Inu’s Struggling Performance?

Puppynet, the testnet for the Shibarium layer-2 platform used by Shiba Inu (SHIB), is set for significant technical enhancements, according to a recent update.

The network’s primary component, Bor, will be upgraded to a new version, alongside the introduction of the Cancun hard fork. These improvements aim to speed up transactions, optimize storage, and enhance the overall user experience.

Testnets, such as Puppynet, simulate real networks but lack actual value, allowing developers to test and refine features before deployment on live networks.

This helps identify and address vulnerabilities without incurring major losses. For example, Ethereum uses the Sepolia testnet, among others, to test updates.

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Earlier in August, Shibarium also rolled out a new Bore version featuring a burn mechanism designed to boost the ecosystem.

Initially tested on Puppynet in February, this burn mechanism is part of ongoing efforts to address the Shiba Inu network’s current challenges, including declining social media engagement, a drop in retail investors, and shrinking trading volumes. The project’s ability to recover remains uncertain.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.