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.
Shiba Inu is a meme-inspired cryptocurrency that has expanded into a broader ecosystem including decentralized exchanges, NFTs and community-driven Web3 projects.
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.
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: 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.
Transitioning from meme to utility is unproven; massive circulating supply requires astronomical burns to move price.
