Shiba Inu
SHIB$0.000006
Market Cap
$3.51B
Volume 24h
$162.04M
Vol / Market Cap
4.62%
Rank
#16
SHIB Price Chart
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.
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.
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.
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).
The shift from meme to utility is unproven; massive circulating supply would require enormous burns to move price meaningfully.
