Key Insights
- Shiba Inu news replaced its old Shibarium RPC to improve network stability and access.
- Grayscale has listed SHIB under the Consumer & Culture crypto sector.
- SHIB price rises slightly as users adjust to the network upgrade.
The Shiba Inu team has started a major update to the Shibarium network by replacing its old public RPC link with a new one.
As detailed, the change, which began this week, aims to enhance user connectivity to the blockchain and increase the network’s security and independence.
New Shibarium RPC Brings a Change for All Users
Shiba Inu news reports now hinge on how the SHIB development team is closing the old Shibarium RPC endpoint.
This link was the main way wallets and apps connected to the network for transactions and balance checks.
From now on, anyone using Shibarium must switch to the new RPC address: https://rpc.shibarium.shib.io.
Developers say this update will make the system more stable and less dependent on a few public servers.
Shibarium’s engineering manager stated that the goal is to prevent potential failures that arise from using a limited number of shared access points.
By spreading network connections across multiple private nodes, Shibarium can remain online even if one node stops working.
According to the Shiba Inu news, users of MetaMask, Coinbase Wallet, and similar apps are required to update their settings within two weeks.
It is worth noting that the Shiba Inu team has posted step-by-step instructions in its documentation to guide users through the change.
Without this update, wallets will not be able to send or receive tokens through Shibarium.
Developers and users who engage in numerous transactions are encouraged to run their own nodes.
A personal node connects directly to the blockchain, avoiding shared traffic and reducing slowdowns.
This also makes the network stronger, since every new node adds another route for transactions to move through.
The update highlights the team’s focus on maintaining Shibarium’s openness, stability, and alignment with the concept of decentralization.
Shiba Inu News: SHIB Gains Spot in Grayscale Crypto Sectors
In other Shiba Inu News, Lucie, one of the prominent Shiba Inu executives, shared a major update on X.
SHIB is now officially listed in the FTSE Grayscale Crypto Sectors framework under the Consumer & Culture category.
The listing comes from a partnership between Grayscale Investments and FTSE Russell, two well-known names in global finance.
This new recognition places Shiba Inu among major crypto projects that shape online culture and community-driven growth.
It marks an important step for the project, showing that it continues to gain notice beyond its meme origins.
The inclusion reflects its large and active community, as well as its growing role in entertainment and cryptocurrency culture.
According to the update, the team behind SHIB believes this step supports their long-term plans to expand the ecosystem.
Notably, it also gives investors and traders a clearer picture of where Shiba Inu fits within the wider crypto market.
SHIB Price Sees Modest Gains Amid Network Updates
The price of Shiba Inu (SHIB) has shown small changes in recent days. It trades around $0.00001019, up 0.7% in the past 24 hours but down 17.96% over the last month.
The token’s market cap is about $6 billion, with a total supply of 589.5 trillion SHIB and around 2.87 million holders.
Shiba Inu news and market data indicate that some large holders have been increasing their positions.
It is worth noting that when these “whale” addresses increase their holdings, it can lead to a rise in price if demand grows and fewer tokens are being sold.
If buying continues and the market remains stable, SHIB could move higher in a steady manner, rather than through short-term spikes.
Market participants believe that the recent RPC upgrade and the new Grayscale listing both indicate Shiba Inu’s efforts to establish a stronger and more recognized presence in the cryptocurrency space.
The network update helps improve how users connect to the blockchain, while the market recognition adds credibility to the project’s image.
Godfrey Benjamin is an experienced crypto journalist whose main goal is to educate everyone around him about the prospects of Web 3.0. His love for crypto was birthed when, as a former banker, he discovered the obvious advantages of decentralized money over traditional payments. With his vast experience covering various aspects of Web3, Godfrey’s articles has been featured on Cryptonews and Coingape, among others.
