- 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.