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Shiba Inu Team Issues Major Shibarium Update
Crypto Trends

Shiba Inu Team Issues Major Shibarium Update

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  • Shibarium prioritizes decentralization
  • SHIB trading volume jumps 19.04%

The Shiba Inu team has announced a crucial update regarding the Shibarium blockchain aimed at strengthening the network’s decentralization. Soon, public Remote Procedure Call (RPC) endpoints will have rate limits applied.

Shibarium prioritizes decentralization

According to the announcement, the move isn’t aimed at restricting access. Instead, it is designed to encourage a more decentralized and resilient ecosystem. With the introduction of these limits, Shibarium is urging developers and high-volume users to run their own nodes instead of relying on public endpoints.

In its basic form, a node is a copy of the blockchain that helps verify transactions and ensure the network continues to function. Better privacy, increased resistance to censorship, and unrestricted access are some of the top benefits of running a personal node.

With more independently run nodes, the Shibarium network will become harder to shut down or control. This aligns with the openness and decentralization principles of blockchain technology. The long-term payoff for node owners is independence from third-party services and greater reliability.

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Shibarium’s latest update reflects a rising trend in blockchain development, where projects prioritize decentralization over convenience to ensure long-term sustainability. Analysts believe the change may require adjustments, especially for decentralized apps (dApps) and frequent traders.

However, the overarching goal is a faster, more secure, and truly decentralized network for Shibarium users. The Shiba Inu team also announced that it has resolved the issue of the temporary unavailability of mainnet snapshots. Users can now access records of network activity at specific points in time.

SHIB trading volume jumps 19.04%

As of the latest CoinMarketCap update, Shiba Inu (SHIB) is trading at $0.00001533 after a 5.25% increase in the last 24 hours. Several key metrics also recorded positive changes, suggesting renewed interest and activity in the popular digital asset.

Source: CoinMarketCap

The cryptocurrency’s 24-hour trading volume rose by 19.04%, reaching $367.27 million. This significant increase in trading activity can often signal further upward price movement.

The volume-to-market cap (vol/mkt) ratio, which provides insight into an asset’s liquidity, is currently at 4.11%, indicating moderate liquidity and easier trading conditions. SHIB’s profile score of 74% reflects its relatively strong market standing.

As previously reported, on-chain data shows that Shiba Inu is entering the quarter during which it typically underperforms. However, the volume of transactions reached 5.76 trillion SHIB on Tuesday, suggesting ongoing activity and potential investor optimism.



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XRP
GameFi Guides

Ripple Issues Stern Warning To Investors As CEO Celebrates New XRP Milestone

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

XRP is about to start drawing a fresh wave of attention from institutional investors, following a major update that reflects the token’s growing relevance in the crypto market.

The latest milestone involves the listing of XRP and Micro XRP futures on the CME Group, which marks a notable milestone for the cryptocurrency. Ripple’s CEO, Brad Garlinghouse, recently took to social media to share this exciting announcement, while Ripple issued a critical alert for crypto investors.

Ripple CEO Hails Institutional Breakthrough For XRP

Brad Garlinghouse took to the social media platform X to mark what he described as a key institutional milestone for XRP: the official launch of both XRP and Micro XRP futures contracts on CME Group, the largest derivatives marketplace in the world. Interestingly, the contracts were quick to become active, as Garlinghouse also confirmed that the first block trade on CME had already been executed by Hidden Road, a prominent institutional trading firm.

This move introduces XRP to a regulated derivatives framework, which traditionally appeals to asset managers, hedge funds, and other large-scale investors. It places XRP in the same category as Bitcoin and Ethereum, both of which saw improved investor confidence and deeper market activity after their own CME futures listings.

As such, the launch of XRP and Micro XRP futures plays well into the current market dynamics for XRP, especially in terms of growing institutional interest. Furthermore, the presence of XRP futures on the CME marketplace shows that the cryptocurrency is maturing into a more structured financial asset, which could influence future decisions of the SEC around Spot XRP ETFs. 

CME Group XRP futures are available in both a micro-sized (2,500 XRP) and a larger-sized contract (50,000 XRP). According to Giovanni Vicioso, Global Head of Cryptocurrency Products at CME Group, more than $19 million in notional volume was traded on the first day of launch.

Ripple Issues Major Alert To Investors

Shortly after the announcement of the futures launch, Ripple’s official account posted a public service warning highlighting a rise in scams targeting the XRP community. The company urged users to stay alert, noting that no official Ripple representative would ever ask individuals to send XRP. The warning included a reminder to avoid suspicious links and noted the importance of verifying accounts before engaging.

This alert is based on a pattern in the crypto space, as scam activity tends to rise when markets are bullish. One such example is the recent arrest of a Wellington-based man by the New Zealand Police in connection with a crime syndicate accused of stealing $450 million New Zealand dollars ($265 million). Crypto exchange Coinbase was also recently subjected to a phishing attack that resulted in the leak of a small fraction of user data.

At the time of writing, XRP is trading at $2.35, down by 8.7% in a seven-day timeframe.

XRP trading at $2.3 on the 1D chart | Source: XRPUSDT on Tradingview.com

Featured image from iStock, chart from Tradingview.com

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