The introduction of $SOON staking last week has boosted massive network activity on the Shimmer network.
The IOTA’s Shimmer Network plays a crucial role in the roadmap of transition to IOTA 2.0.
IOTA unveiled its incentivized Layer 1 innovation network Shimmer earlier this year in late September 2022. Since then, the Shimmer Network has witnessed strong network activity and has become the go-to platform for IOTA developers to test out new features for future innovations and the Web3.
Last week, decentralized NFT marketplace Soonaverse introduced the staking feature for its native token $SOON on the Shimmer Network. Soonaverse announced that users who stake their $SOON tokens will get discounts on service modules along with receiving additional $SOONs as a reward for locking up their tokens.
Five days into the launch, the $SOON staking has already fueled network activity on the Shimmer network.
After the start of staking @soon_labs increased activity on the shimmer network. (CET)#IOTA

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