SH

Shiba Inu

SHIB
MemeRank #16Ethereum

$0.000006

+0.30%24h
+11.42%7d

Market Cap

$3.51B

Volume 24h

$162.04M

Vol / Market Cap

4.62%

Rank

#16

SHIB Price Chart

About Shiba Inu

Shiba Inu is a meme-based cryptocurrency with an expanding ecosystem of DeFi and Web3 applications.

What Is Shiba Inu (SHIB)? Shiba Inu is a meme-inspired cryptocurrency that has grown into a broader ecosystem including decentralized exchanges, NFTs, and Layer 2 solutions.

How It Works

An Ethereum-based token that evolved from a meme into a broader ecosystem. It includes a decentralized exchange and a Layer 2 network designed to lower transaction costs and support community-driven applications.

Use Cases

Community & DeFi Utility: Used as a governance token for its decentralized exchange (ShibaSwap) and as the primary utility token for the Shibarium Layer 2 scaling network.

Tokenomics

Community-Led Ecosystem: Launched with 1 quadrillion tokens, with a large portion famously sent to Vitalik Buterin and partially burned. Evolved into a broader ecosystem where the token connects to ShibaSwap and serves utility within Shibarium (Layer 2), while governance is handled by related tokens (e.g., BONE/LEASH).

Risks & Considerations

The shift from meme to utility is unproven; massive circulating supply would require enormous burns to move price meaningfully.

Compare Cryptocurrencies: Shiba Inu

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