Shiba Inu

Shiba Inu (SHIB) is a meme token built on the Ethereum blockchain that began as a community-driven social experiment and has since expanded into a broader ecosystem intended to offer decentralized financial services as an alternative to traditional banking. It targets a global retail audience attracted by community participation rather than a specific technical problem it alone can solve. The project claims its core value lies in full community ownership with no central leadership, organized around a large online community called the ShibArmy.

SHIB is an ERC-20 token that lives on Ethereum and does not have its own consensus algorithm or block time; it inherits Ethereum's settlement and security. The project runs ShibaSwap, a decentralized exchange where users can trade and provide liquidity, and it operates Shibarium, a Layer 2 network built on top of Ethereum to process transactions at lower cost and higher speed, where a separate token called BONE serves as the gas currency and governance token. A third token, LEASH, is designed around scarcity incentives for long-term participants, giving the ecosystem a three-token structure.

The data stored for SHIB does not include a protocol fee stream, so fee-based measures such as revenue or fee yield are not available on this page. What can be observed is trading activity: the 24-hour turnover ratio stands at 2.60, meaning dollar trading volume over the past day equalled roughly 2.6 times the market capitalization, and the 30-day average daily volume relative to market capitalization is 3.21, both figures reflecting how actively the token changes hands relative to its total market value. The circulating supply is approximately 589 trillion tokens, and at 99.96% of supply already issued, the dilution overhang — the share of supply not yet in circulation — is just 0.044%, meaning nearly all tokens that will ever exist are already in the market.