Shiba Inu Introduces Major Upgrade to Shibarium for Enhanced Security
- Shibarium’s legacy public RPC endpoint will be down for two weeks to enhance decentralization.
- The network has over 30,000 smart contracts and 272 million wallet addresses.
- Shibarium processed more than 1.54 billion transactions, with nearly 8,400 transactions in the last day.
- A recent security incident involved a compromised validator key, leading to a temporary pause of the network.
- Despite challenges, the governance token BONE recorded over 4.69 million total transfers.
- T. Rowe Price has filed for a potential U.S. spot Shiba Inu ETF, alongside investments in Bitcoin and Ethereum.
The upgrade aims to prevent reliance on few public nodes and improve network resilience following past security issues, including a hack that attempted to exploit a validator key.
As of October, Shiba Inu’s price declined by about 15%, reflecting market volatility despite strong network activity with over 300,000 active users.
