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Shiba Inu

Shiba Inu (SHIB)

meme

Shiba Inu is an Ethereum-based meme token that has evolved into a multi-token ecosystem with its own Layer 2 blockchain (Shibarium), DEX, and metaverse project.

Consensus: ERC-20 on Ethereum (Shibarium uses PoS)Launched: 2020Official Website

About Shiba Inu

Shiba Inu (SHIB) is an ERC-20 meme token launched in August 2020 by the pseudonymous developer 'Ryoshi.' Originally created as a 'Dogecoin killer,' Shiba Inu has evolved far beyond a simple meme coin into a comprehensive ecosystem. The project includes multiple tokens (SHIB, BONE, LEASH), ShibaSwap (a decentralized exchange), Shibarium (a Layer 2 blockchain built on Polygon technology), and Shiba Eternity (a card game). Shibarium launched in 2023, providing lower transaction costs and faster settlement for the Shiba Inu ecosystem. The total SHIB supply was originally 1 quadrillion tokens, with half sent to Vitalik Buterin (who burned most of his allocation and donated the rest). SHIB has one of the largest retail investor communities in crypto.

Technical Specifications

N/A (ERC-20) / 200+ on Shibarium

TPS

N/A (Ethereum) / ~5 seconds on Shibarium

Block Time

Ethereum gas fees for SHIB / <$0.01 on Shibarium

Gas Fees

ERC-20 on Ethereum (Shibarium uses PoS)

Consensus

Staking

1–3% (via ShibaSwap or Shibarium)

APY

No minimum

Min Stake

Variable depending on pool

Lock Period

Use Cases

Speculative trading and meme-driven community participation
Low-cost transactions on the Shibarium Layer 2 network
Yield farming and liquidity provision on ShibaSwap

Pros

  • One of the largest and most passionate retail crypto communities
  • Expanding ecosystem with Shibarium L2, DEX, and metaverse projects
  • Deflationary burn mechanism gradually reducing circulating supply
  • Wide exchange availability and high liquidity across major platforms

Cons

  • Extremely high total supply (originally 1 quadrillion tokens) limits per-token price growth
  • Value heavily driven by social media hype and speculative momentum
  • Limited real-world utility beyond the Shiba Inu ecosystem
  • Shibarium adoption and TVL remain relatively modest

Where to Buy

BinanceCoinbaseKrakenBybitOKXKuCoinCrypto.comGate.io

Frequently Asked Questions

This content is for informational purposes only and should not be considered financial advice. Cryptocurrency investments carry significant risk.

Quick Info

Symbol
SHIB
Category
meme
Launched
2020
Smart Contracts
No
EVM Compatible
Yes
Staking APY
1–3% (via ShibaSwap or Shibarium)

Last updated: 2026-04-01