Here's the latest Shiba Inu (SHIB) news:

Current Price and Market Status

Shiba Inu's current price is $0.00001233, with an 8.91% increase in value over the last 24 hours. Its market capitalization stands at $7.26 billion, ranking #19 on CoinMarketCap. The coin has a circulating supply of 589.24 trillion SHIB coins and a maximum supply of 589.55 trillion SHIB coins ¹.

Recent Developments

Shiba Inu has been making strides in its ecosystem, including:

- *ShibaSwap*: The coin's designated decentralized exchange (DEX) that allows users to trade SHIB and other tokens.

- *SHI Stablecoin*: A planned algorithmic stablecoin pegged to one cent, aiming to become a global stable currency for everyday transactions.

- *Shibarium*: A layer-2 scaling solution designed to improve transaction efficiency and reduce fees on the Shiba Inu network.

Adoption and Partnerships

Shiba Inu has been adopted by various merchants and retailers, including:

- *Newegg*: An American electronics retailer that added SHIB as a payment option in partnership with BitPay.

- *CoinGate*: A payments firm that reported over 500 merchants accepting SHIB.

- *ZenGo*: A Samsung-backed digital wallet provider that added SHIB to its options.

Community Engagement

The Shiba Inu community remains active, with efforts to build utility for the token and promote its adoption. The community has also called for major brands, like McDonald's, to accept SHIB as a form of payment ¹.#CEXvsDEX101 #SHIB