#shiba⚡ Shiba Inu, commonly referred to as SHIB, is a decentralized cryptocurrency that operates on the Ethereum blockchain. Created in August 2020 by an anonymous developer or group known as "Ryoshi," SHIB is often categorized as a "meme coin" due to its origins and branding, which draws parallels with Dogecoin ¹.

# Key Features

- *Blockchain*: SHIB runs on the Ethereum blockchain, leveraging its smart contract capabilities and integrating with decentralized applications.

- *Supply*: The initial supply of SHIB was one quadrillion, but a significant portion has been burned, reducing the circulating supply to approximately 589 trillion.

- *Ecosystem*: The SHIB ecosystem includes ShibaSwap, a decentralized exchange where users can swap tokens, provide liquidity, and participate in staking pools ².

# Market Performance

- *Current Price*: SHIB's current price is around $0.00001135, with a 7.2% increase in the last 24 hours.

- *Market Capitalization*: The market capitalization of SHIB is approximately $6.72 billion, ranking it 20th among cryptocurrencies.

- *Trading Volume*: The 24-hour trading volume of SHIB is around $169.32 million ³ ⁴.

# Community and Development

- *Community Engagement*: SHIB has a strong community following, with a significant presence on social media platforms.

- *Development*: The SHIB team has introduced Shibarium, a Layer-2 blockchain solution, to enhance scalability and efficiency.

- *Partnerships*: SHIB has partnered with various organizations, including the India COVID-Crypto Relief Fund, to which Vitalik Buterin donated over 50 trillion SHIB in May 2021 ¹.