The Shiba Inu team has introduced an important update for the Shibarium blockchain with an aim to enhance the decentralization of the network. Public RPC endpoints will soon have rate limits applied.
Shibarium Focuses on Decentralization
According to the announcement, the changes are not aimed at restricting access. They are designed to encourage a more decentralized and resilient ecosystem. With these limits in place, Shibarium is urging developers and high-volume users to run their own nodes instead of relying on public endpoints.
In basic terms, a node is a copy of the blockchain that helps verify transactions and keeps the network operational. Benefits of running a personal node include better privacy, increased resistance to censorship, and unrestricted access. With more independently run nodes, the Shibarium network will be harder to shut down or control, aligning with the principles of openness and decentralization in blockchain technology.
SHIB Trading Volume Jumps 19.04%
As per 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, indicating renewed interest in the popular digital asset.
The cryptocurrency saw its 24-hour trading volume rise by 19.04%, reaching $367.27 million. This significant increase in trading activity often signals further upward price movement. The volume-to-market cap (vol/mkt) ratio currently stands at 4.11%, indicating moderate liquidity and easier trading conditions. SHIB's profile score of 74% reflects its relatively strong market standing.
Conclusion and Impact on Users
Recent data shows that Shiba Inu is entering a quarter where it typically underperforms. However, the transaction volume reached 5.76 trillion SHIB on Tuesday, suggesting ongoing activity and potential investor optimism. The Shibarium update and changes in trading highlight the Shiba Inu team's effort to adapt to the changing market conditions and strengthen their network.
The Shibarium update and the rise in SHIB trading volumes signify the Shiba Inu team's commitment to decentralization and creating a sustainable ecosystem for users.
