IOTA: Shimmer Reaches Amazing Milestone with 1.83M Daily Transactions, Thousands of Wallets, and 0.8s Block Time

  • IOTAHeroes wrapped up its Treasuries of Shimmer testnet campaign with daily transactions peaking at 1.83 million, involving over 200,000 wallet addresses and a total of 14 million transactions.
  • ShimmerEVM testnet witnessed significant growth with 5,000+ smart contracts deployed and 6 million+ transactions, fueled by the successful Treasures of Shimmer campaign.

Over the last few weeks, the ShimmerEVM testnet has witnessed a strong surge in activity. Earlier this month on May 5, IOTA Heroes launched the Treasures of Shimmer testnet campaign which instantly became a massive hit spurting the network activity on the ShimmerEVM testnet.

But earlier this week on Wednesday, May 17, IOTAHeroes wrapped up its Treasuries of Shimmer testnet campaign, while sharing some of the performance stats for the same. The peak of daily transactions reached 1.83 million, involving over 200,000 wallet addresses and a total of 14 million transactions, all processed within sub-second block times. This valuable data will drive further enhancements for the upcoming ShimmerEVM release candidate.

Although the Treasures of Shimmer campaign comes to a close, the Play and Earn Zealy board shall remain open till May 22. Thus, users still have some time to scoop through the 500K $SMR token rewards. Treasures of Shimmer offered dApp developers an opportunity to test their integrations and services. At the same time, users were incentivized to take an early look and were rewarded for their time. It was a win-win-win scenario and provided a lot of fiendish fun.

Shimmer Network’s Explosive Growth

The launch of the Treasures of Shimmer campaign certainly provided a major boost to the entire Shimmer ecosystem and will provide developers to actively work on the launch of the much-awaited ShimmerEVM mainnet.

The ShimmerEVM testnet was launched a month ago, marking a significant milestone in expanding the reach of the interoperable Shimmer protocol to a wide range of blockchain developers and users engaged in EVM-compatible smart contract development.

This launch also signifies the highly anticipated release of the Shimmer network, unlocking numerous possibilities and features through the Shimmer protocol. Throughout the public testnet phase, IOTA developers have diligently tested the ShimmerEVM, identifying and addressing any bugs or areas for improvement as part of their ongoing commitment.

Also, IOTA co-founder Dominik Schiener praised the recent activity taking place on the ShimmerEVM network. Dominik Schiener revealed that over 5,000 smart contracts have been deployed on the ShimmerEVM testnet to date. Additionally, the testnet has witnessed a significant surge, with the total number of active addresses surpassing 64,000. Furthermore, the ShimmerEVM has recorded an impressive tally of over 6 million transactions thus far.

IOTA developers continue to push the development of the Layer-1 staging network Shimmer. In the latest, Shimmer and SPYCE.5, a technology infrastructure provider, have partnered to offer essential infrastructure and consultation services to organizations seeking to build projects on IOTA and Shimmer. This collaboration benefits both parties, as it enables users from both platforms to leverage their respective expertise and contribute to the development of a stronger ecosystem.

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Bhushan is a FinTech enthusiast and holds a good flair for understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In his free time, he reads thriller fictions novels and sometimes explores his culinary skills.

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