![]() The Shiba Inu ecosystem consists of the native ShibaSwap DEX platform, SHIB Burning Portal, as well as NFT and metaverse offerings.Shiba Inu launched as a memecoin inspired by Dogecoin in 2020 but quickly expanded its use cases beyond simple token transfer functionality.Here’s a quick overview of key facts about Shiba Inu and its core blockchain features: Bone ShibaSwap (BONE) allows owners to participate in the decision-making process thanks to its governance capabilities, while Doge Killer (LEASH) acts as the network’s store of value due to its artificially capped token supply. In addition to the trading incentive-bearing SHIB token, the Shiba Inu ecosystem consists of two more digital assets. The Shiba Inu blockchain ecosystem is powered by the primary token called SHIB, also known as the Shiba Inu coin, which is an Ethereum-based ERC-20 token. The lead developer of Ethereum ended up burning 90% of SHIB he received and donated the remaining 10% to charity. ![]() The remaining half was sent to Ethereum co-founder Vitalik Buterin as an (unsolicited) gift. The creators of SHIB locked half of the token’s supply–500 trillion tokens to be exact–to Uniswap. In addition to DeFi functionality, the Shiba Inu team is also working on its own metaverse offering and recently released a non-fungible token (NFT) collection consisting of 10,000 unique digital creations called Shiboshis. Initially inspired by Dogecoin (DOGE), the Shiba Inu platform has since evolved past its memecoin beginnings and now allows users to stake, swap, and deposit digital assets into liquidity pools on the platform’s native ShibaSwap decentralized exchange. Shiba Inu is a decentralized cryptocurrency launched in August 2020 by an anonymous individual or group known as “Ryoshi”. In terms of market cap, SHIBA INU is currently ranked #4 in the Ethereum (ERC20) Tokens sector and ranked #2 in the Meme Coins sector. The current yearly supply inflation rate is 7.93% meaning 40.35T SHIB were created in the last year. SHIBA INU's current circulating supply is 549.06T SHIB out of max supply of 589.74T SHIB. The SHIBA INU price prediction sentiment is currently bearish. The highest SHIB price since the last cycle low was $ 0.00001767 (cycle high). The lowest price since it's ATH was $ 0.000007215 (cycle low). SHIBA INU reached its highest price on when it was trading at its all-time high of $ 0.00008819. The SHIB price decreased -1.55% in the last 24 hours. SHIBA INU price today is $ 0.00001212 with a 24-hour trading volume of $ 761.37M, market cap of $ 6.66B, and market dominance of 0.65%.
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