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Shiba Inu has refreshed its Shibarium RPC connection details, but the update has failed to boost SHIB, which is down 6% this week amid low network usage.
Shiba Inu has implemented a technical update to its Shibarium layer-2 scaling solution, refreshing its Remote Procedure Call (RPC) listing in the Ethereum-lists/chains registry to restore connectivity for users [1, 6]. Despite the infrastructure fix, the token’s price remains in decline, reflecting broader concerns over the network's diminished on-chain activity following a security exploit last year [2, 3].
| At a glance | |
|---|---|
| Price | $0.000005196 |
| Weekly Change | -6% |
| Market Cap | ~$3 billion |
| Primary Catalyst | Shibarium RPC registry refresh |
The update, initiated by community member Mazrael, addresses a connectivity issue that persisted since the network migrated its public RPC infrastructure in late 2025 [6]. By updating the connection details on Chainlist, the project aims to improve protocol access for developers and users [1, 2]. Additionally, the team migrated the official shib.io website and ShibaSwap to Cloudflare on September 12, 2026, as part of a broader effort to modernize the project's web infrastructure [6].
While some users reported improved access, the update has not translated into a price recovery for SHIB, which currently trades at approximately $0.000005196 [2, 3]. The token’s market capitalization sits at roughly $3 billion, ranking it as the 33rd-largest cryptocurrency [2]. Market sentiment remains pressured by a significant drop in network utility; daily transactions on Shibarium have plummeted from millions prior to last year's exploit to current levels in the low thousands or even hundreds [2, 3].
The lack of price momentum coincides with a sharp contraction in the token's burn program, which is designed to reduce circulating supply to create scarcity [2]. Data indicates that the SHIB burn rate has declined by nearly 90% over the past month, signaling a slowdown in the mechanism intended to support the asset's valuation [2].
Analysts are also monitoring the token's historical performance, noting that September has been a difficult month for SHIB, which has ended the period in negative territory in three of the last five years [2]. With roughly two weeks remaining in the month, the market is watching to see if the token can stabilize or if the current bearish trend will persist [2].
The core question remains whether these infrastructure improvements can eventually restore the network's utility or if the decline in on-chain activity has become a permanent feature of the ecosystem.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 6 outlets · Sep 18, 2026 · How we report
Shiba Inu functions as a decentralized cryptocurrency that has expanded beyond its origins as a memecoin to include decentralized finance functionalities. The ecosystem now incorporates tools like the ShibaSwap exchange and the Shibarium layer-2 scaling solution to increase the utility of Shiba Inu.
Shiba Inu is considered a highly speculative asset characterized by extreme price volatility and a strong reliance on market sentiment. Financial analysts provide widely varying price predictions for Shiba Inu, and potential investors are advised to exercise caution due to the influence of social media trends and broader economic conditions.
Shiba Inu reaching a price of $0.01 is considered highly unlikely under current supply and market conditions because it would require an enormous market capitalization. While token burns and increased utility are intended to improve long-term prospects, the current token supply remains a significant barrier to such a valuation.
As of September 2026, the Shibarium network has implemented a refreshed RPC listing to improve connection convenience. However, the network faces challenges with declining user engagement, as daily transaction counts have dropped significantly since an exploit occurred in 2025.