Shiba Inu (SHIB)

Shiba Inu (SHIB) began in 2020 as a meme coin inspired by Dogecoin, branding itself as the “Dogecoin killer.”
But unlike Dogecoin, Shiba Inu has expanded into a full ecosystem with DeFi apps, NFTs, and a Layer-2 network called Shibarium.

What is Shiba Inu?

Shiba Inu started as an ERC-20 token on Ethereum with a massive total supply. Over time, it has grown into a community-driven project with multiple tokens and utilities.

Launch year: 2020
Founder: Ryoshi (anonymous creator)
Blockchain: Ethereum (ERC-20), with Layer-2 scaling via Shibarium
Core tokens: SHIB, LEASH, BONE

How Does Shiba Inu Work?

SHIB: the main token, widely traded as a meme coin.
LEASH: a scarce token used for special rewards.
BONE: governance token of the ShibaSwap DEX.
Shibarium: Layer-2 blockchain built to reduce fees and expand use cases.
Burns: tokens are periodically burned to reduce supply.

Why is Shiba Inu Important?

Beyond memes: Shiba Inu evolved into more than just hype.
Ecosystem growth: includes ShibaSwap (DEX), Shibarium (L2), and NFT projects.
Community power: millions of holders and strong social presence.
DeFi integration: staking, liquidity pools, and governance.

Shiba Inu Use Cases

Trading & speculation: one of the most traded altcoins.
DeFi: ShibaSwap lets users stake and farm tokens.
NFTs: Shiboshis, the official Shiba Inu NFT collection.
Payments: accepted by some merchants via crypto payment providers.

Risks of Shiba Inu

Speculative: price driven mainly by hype and community sentiment.
Complex ecosystem: multiple tokens (SHIB, LEASH, BONE) may confuse beginners.
Competition: faces rivals like Dogecoin and hundreds of newer meme coins.
Regulation: meme coins are often scrutinized for volatility and lack of fundamentals.

Lanzo Tip 🪙

Shiba Inu started as a meme, but it’s building real infrastructure. Still, remember: hype comes first, fundamentals later — don’t go all-in just because it trends on social media.