Shiba Inu

Shiba Inu (SHIB) is a meme-originated token built on the Ethereum blockchain that has expanded into a broader ecosystem including a decentralized exchange called ShibaSwap and a Layer 2 network called Shibarium. The project describes itself as a community-owned alternative to traditional finance, with no central leadership body. It targets a global community of retail participants who want access to decentralized trading, governance, and payments at lower cost than the Ethereum base layer provides.

SHIB lives on Ethereum as an ERC-20 token and does not have its own consensus mechanism or block time. Within the ecosystem it serves as the primary medium for trading and payments, while a companion token called BONE acts as the governance token for the Doggy DAO and as the gas token on Shibarium, the project's own Layer 2 scaling chain. The data records a block time of zero minutes for SHIB itself, which reflects that it settles on Ethereum rather than a standalone chain.

The data stored here does not include a fee revenue stream for SHIB itself, so fee-based valuation measures that this site might apply to other protocols are not applicable here. ShibaSwap does facilitate trading where liquidity providers and stakers can earn rewards, but no fee figures are captured in the data provided. What the data does show is a circulating supply of approximately 589 trillion tokens representing 99.956 percent of the total supply issued, with a dilution overhang of just 0.043678 percent, meaning almost no additional supply is pending. The fully diluted value and market capitalization are nearly identical, with an fdv-to-mcap ratio of 1.000437, consistent with that near-total issuance.