Shiba Inu (SHIB) Price Today
The live price of Shiba Inu is $0.000014414 USD.
In the past 24 hours, the trading volume of Shiba Inu was $265.5M USD, with a change of -2.42%. The current live price of Shiba Inu has changed by -6.96% from its 7-day high of $0.0000154923 USD and by +3.51% from its 7-day low of $0.0000139249 USD.
With a circulating supply of $589,504,168,190,509.20 SHIB, the market cap of Shiba Inu is currently $8.4B USD, marking a -6.84% change in the last 24 hours.
Shiba Inu currently ranks 17 by market capitalization.
Shiba Inu (SHIB) Market Data
Market Cap
$8.4B
24h Volume
$265.5M
Circulating Supply
589.5T SHIB
Maximum Supply
589.5T SHIB
Fully Diluted Market Cap
$8.4B
Liquidity Indicator
3.13%
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About Shiba Inu (SHIB)
What Is Shiba Inu (SHIB) and How Does It Work?
Shiba Inu (SHIB) is an Ethereum-based decentralized memecoin launched in August 2020 by an anonymous founder known as “Ryoshi” as a community-driven experiment and Dogecoin alternative. As an ERC-20 token, SHIB enables peer-to-peer transfers on the Ethereum blockchain and powers a broader Shiba Inu ecosystem that includes the ShibaSwap decentralized exchange (DEX), the Shibarium Layer 2 scaling solution, and companion tokens LEASH and BONE used for staking, governance, and rewards.
Token burns periodically reduce the circulating supply (originally capped at one quadrillion), while users can trade, stake, and participate in governance both on centralized platforms like BingX and through compatible non-custodial wallets.
Who Created Shiba Inu and When Was It Launched?
Shiba Inu (SHIB) was created by an anonymous developer (or group) using the pseudonym “Ryoshi” and launched in August 2020 as a purely community-driven experiment and “Dogecoin killer” on the Ethereum blockchain. It debuted with a total supply of one quadrillion tokens, half of which Ryoshi famously sent to Ethereum co-founder Vitalik Buterin, who later donated a large portion to COVID-19 relief efforts and AI safety research.
The Shiba Inu team has outlined an ambitious roadmap to expand and mature the ecosystem over the next two years:
1. ShibaSwap v1.75 → 2.0: Upgrades to the ShibaSwap DEX, adding new trading features, liquidity tools, and a unified portal for news, charts, and data.
2. Shiba Hub: A “super app” envisioned as a central gateway for forums, educational content, metaverse integration, and direct access to all Shiba Inu services.
3. TREAT Token: A dual-purpose reward and governance token on Shibarium’s upcoming Layer 3, used for gas fees, staking incentives, and voting rights.
4. ShibaEternity P2E: A play-to-earn gaming platform that lets users earn SHIB ecosystem rewards through gameplay.
5. SHIB: The Metaverse: A virtual reality world where users can buy land, trade assets, and interact in a 3D Shiba-branded universe (land bids opened April 2022).
6. K9 Finance Liquid Staking: A non-custodial staking solution on Shibarium that maintains token liquidity while earning rewards.
7. Layer 3 Testnet & Mainnet: Launch of a privacy-focused Layer 3 chain (testnet in Q3 2024, mainnet pending audits) leveraging advanced cryptography and TREAT for governance.
8. Fully Functional DAOs: Deployment of decentralized autonomous organizations for all ecosystem tokens, empowering holders to propose and vote on protocol changes.
This roadmap underscores Shiba Inu’s transition from a memecoin to a full-fledged decentralized ecosystem with DeFi, gaming, governance, and metaverse ambitions.
What Are the Key Use Cases of SHIB Token?
SHIB powers the ShibaSwap ecosystem, letting users provide liquidity, stake tokens for BONE rewards, and participate in decentralized governance, while also serving as a medium for peer-to-peer payments and tipping across supporting platforms.
Shiba Inu (SHIB) is now accepted by hundreds of merchants worldwide through crypto payment processors like BitPay and CoinGate: major e-commerce platforms such as Newegg and Jomashop; luxury brands like Gucci; entertainment services including AMC Theatres and SlingTV; sports pro shops like the Carolina Hurricanes; digital content platforms such as Twitch; dining delivery via Menufy; precious-metals retailers like APMEX; and even charities like the American Cancer Society, all of which let you pay directly in SHIB or convert it instantly via a linked crypto debit card.
You can trade SHIB instantly on BingX by navigating to the SHIB/USDT pair in the Spot section, entering your desired buy or sell amount, and executing a market or limit order to have SHIB credited directly to your Spot Wallet.
What Is Shiba Inu Tokenomics?
Shiba Inu’s tokenomics combine an enormous initial supply with deflationary mechanics and community-driven allocations to create scarcity and utility. SHIB launched with a max supply of 999,989,348,072,604 SHIB, of which 589,249,813,977,292.5 SHIB (≈58.93%) is currently in circulation. At genesis, 50.5% (505 trillion SHIB) was airdropped to Vitalik Buterin and 49.5% (495 trillion SHIB) seeded Uniswap liquidity, with no further minting planned.
Community and protocol burns have removed over 410.7 trillion SHIB (≈41% of the original supply), including tokens sent to dead addresses via the Shibburn portal and on-chain Shibarium Layer 2 burn events, steadily reducing supply over time.
All initial unlocks occurred at TGE; future supply changes depend on DAO-approved proposals and ongoing burn initiatives, ensuring that SHIB’s scarcity is managed by its “ShibArmy” community.
How to Earn SHIB Tokens
You can earn SHIB tokens through several on-chain and off-chain methods:
1. Staking on ShibaSwap: Deposit your SHIB into ShibaSwap’s staking pools to earn rewards paid in SHIB, BONE, and ETH. Simply connect your wallet to ShibaSwap, choose the SHIB staking pool, and stake your tokens to start accruing yield.
2. Providing Liquidity (Yield Farming): Supply SHIB (paired with another token like ETH or USDT) to a SHIB liquidity pool on ShibaSwap or Uniswap. In return for locking both assets, you receive LP tokens that earn a share of trading fees plus additional SHIB rewards.
3. Centralized Exchange Earn Products: Many CEXs, including BingX, offer “Earn” or flexible staking products for SHIB. You deposit SHIB into the exchange’s savings or staking program and receive periodic SHIB interest paid by the platform.
4. Participating in Ecosystem Events & Burns: Join official Shiba Inu community events, like token-burn campaigns via the Shibburn portal or Shibarium testnet promotions, to earn bonus SHIB airdrops and rewards for contributing to deflationary measures.
What Blockchain Network Does Shiba Inu Operate on?
Shiba Inu (SHIB) operates as an ERC-20 token on the Ethereum blockchain, inheriting Ethereum’s security, decentralization, and smart-contract functionality for all on-chain transfers and DeFi interactions. To tackle high gas fees and scalability, the Shiba Inu ecosystem launched Shibarium, an EVM-compatible Layer 2 solution that batches transactions off-chain for faster, lower-cost settlements while still anchoring security to Ethereum’s mainnet. This dual-layer approach lets users seamlessly move SHIB and related tokens (LEASH, BONE) between Ethereum and Shibarium, unlocking DeFi, gaming, and NFT use cases across both networks.
What Is Shibarium?
Shibarium is an EVM-compatible Layer 2 scaling solution for the Shiba Inu ecosystem that went live on August 16, 2023, designed to offload transactions from Ethereum’s congested mainnet into a faster, lower-cost framework; it uses BONE as its native gas token and supports seamless transfers of SHIB, LEASH, and BONE, enabling more efficient DeFi, NFT, and gaming applications while anchoring security back to Ethereum.
How to Store SHIB Tokens
On BingX Spot Wallet, SHIB is held in a custodial account protected by industry-leading security measures. You benefit from two-factor and SMS verification, fund-password protection, and institutional-grade cold-storage for the vast majority of assets. Withdrawals require a triple-verification process (fund password + Google Authenticator code + SMS code), safeguarding your SHIB against unauthorized access while keeping it instantly tradable on our Spot market.
For full self-custody, choose a non-custodial wallet or hardware device. Browser/mobile wallets like MetaMask and Trust Wallet support SHIB as an ERC-20 token, letting you manage your private keys and interact directly with DeFi or Shibarium apps. For maximum security, use hardware wallets such as Ledger Nano or Trezor, which store your private keys offline and require physical confirmation for every transaction, protecting your SHIB from online threats.
What Makes Shiba Inu (SHIB) a Good Investment?
Shiba Inu’s robust ecosystem upgrades and deflationary model position it for significant upside: the launch of Shibarium Layer 2, the upcoming TREAT token for governance and gas fees, plus regular on-chain burns, have strengthened utility and scarcity, factors that could fuel a rally if broader memecoin momentum returns.
Meanwhile, SHIB’s low per-token price and massive community support make it accessible to both retail and institutional investors, with ongoing burn campaigns steadily reducing its 589 trillion circulating supply, steps that, if sustained, could drive dramatic value appreciation.
Information source
Shiba Inu (SHIB) Price Converter
SHIB to USD
1 SHIB = $ 0
SHIB to VND
1 SHIB = ₫ 0.37
SHIB to EUR
1 SHIB = € 0
SHIB to TWD
1 SHIB = NT$ 0
SHIB to IDR
1 SHIB = Rp 0.23
SHIB to PLN
1 SHIB = zł 0
SHIB to UZS
1 SHIB = so'm 0.18
SHIB to JPY
1 SHIB = ¥ 0
SHIB to RUB
1 SHIB = ₽ 0
SHIB to TRY
1 SHIB = ₺ 0
SHIB to THB
1 SHIB = ฿ 0
SHIB to UAH
1 SHIB = ₴ 0
SHIB to SAR
1 SHIB = ر.س 0
How to Buy Shiba Inu (SHIB)
Create & Verify Your Account
Create a free BingX account using your email or phone number, set a strong password, and complete identity verification (KYC) by submitting your personal details and a valid photo ID.
Fund Your Account
Choose a payment method—bank account, card, or more—to deposit funds into your BingX account.
Trade Now
Now that your account is funded, you can seamlessly trade Shiba Inu SHIB and other cryptocurrencies while exploring BingX’s diverse trading features!
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Disclaimer:
Price analysis and valuation are influenced by multiple factors, and theoretical projections do not guarantee that a token will reach a specific price level. The information provided is for informational purposes only and does not constitute investment advice. Investors should conduct their own research before making any financial decisions.
By accessing and using this platform, you agree to comply with our Terms of Use.
Trading cryptocurrencies and other financial instruments involves risks, including the potential for loss of funds. You should never trade more than you can afford to lose. Please be aware of the risks involved and seek independent financial advice if necessary.
For more detailed information, please refer to our Risk Disclosure Statement.
Disclaimer:
Price analysis and valuation are influenced by multiple factors, and theoretical projections do not guarantee that a token will reach a specific price level. The information provided is for informational purposes only and does not constitute investment advice. Investors should conduct their own research before making any financial decisions.
By accessing and using this platform, you agree to comply with our Terms of Use.
Trading cryptocurrencies and other financial instruments involves risks, including the potential for loss of funds. You should never trade more than you can afford to lose. Please be aware of the risks involved and seek independent financial advice if necessary.
For more detailed information, please refer to our Risk Disclosure Statement.