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.

Shiba Inu is a meme-inspired cryptocurrency that has expanded into a broader ecosystem including decentralized exchanges, NFTs and community-driven Web3 projects.

How It Works

An Ethereum-based token that evolved from a meme into a full ecosystem. It includes a decentralized exchange (ShibaSwap) and a Layer 2 network (Shibarium) designed to lower transaction costs and create a dedicated space for its community's apps.

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: Started with 1 quadrillion tokens (50% burned to Vitalik Buterin). It has evolved into a DeFi ecosystem where the token is used for the ShibaSwap DEX, governance (BONE/LEASH), and gas on the Shibarium Layer 2.

Risks & Considerations

Transitioning from meme to utility is unproven; massive circulating supply requires astronomical burns to move price.

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