Shiba Inu: The Dogecoin Killer

Shiba Inu (SHIB) has become a sensation in the crypto world. It started as a simple meme coin. Now it is a vibrant ecosystem with millions of followers around the planet. Are you new to this? Don't worry.

This guide tells you all about the famous "Dogecoin killer". Let's dive in.

Key Points

• Origin: SHIB appeared in August 2020 as an ERC-20 token on Ethereum, driven by its community.
• Ecosystem: Goes beyond a single token and includes LEASH, BONE, ShibaSwap, Shibarium, and even its own metaverse.
• Tokens: SHIB is the base coin, LEASH offers exclusive benefits with limited supply, and BONE allows voting through the Doggy DAO.
• Investment: It seems that SHIB is extremely volatile, even for what we are used to in crypto.
• Tokenomics: After massive burns, there are about 589 trillion tokens circulating, and the community continues to burn more.
• Future: The project aims to expand Shibarium, develop the stablecoin SHI, and seeks greater real adoption.
• Risks: As with any crypto, it's best to invest only what you can afford to lose. Don't put all your eggs in this basket.

What is Shiba Inu (SHIB)?

Shiba Inu was born in August 2020. The creator? A certain "Ryoshi", completely anonymous. He named it after that breed of Japanese dog that inspired the Doge meme. Curious, isn't it?

SHIB is not like Bitcoin or Ethereum. Not at all. While those cryptos were born with very clear technical objectives, SHIB started as a kind of social experiment. I find the question they raised fascinating: "What if a crypto was 100% driven by its community?"

It is an ERC-20 token. This means it lives on the Ethereum blockchain rather than having its own. It leverages all the security of Ethereum. Quite smart.

Its community, the famous "ShibArmy", is incredibly loyal. It started as a meme but has grown to include NFTs, a metaverse, and many other things. A surprising evolution.

History of Shiba Inu

The path of SHIB has been somewhat crazy:

• August 2020: Ryoshi creates SHIB with a quadrillion tokens. No funding. No formal team. Pure decentralization.

• Initial development: The founder does something strange: he sends 50% of all tokens to Vitalik Buterin, the creator of Ethereum. A risky move.

• May 2021: Vitalik donates tokens worth $1 billion to the COVID Relief Fund of India. He then burns 40% of the total supply. A historic moment.

• October 2021: SHIB explodes. Temporarily surpasses Dogecoin. People go crazy. More than a million users join in a short time.

• 2022-Present: The project continues to grow with ShibaSwap, Shibarium, and its metaverse. More and more stores accept SHIB as a form of payment.

How does Shiba Inu work?

SHIB uses the Ethereum infrastructure. It does not have its own blockchain like Bitcoin. This provides instant security.

The tokenomics is peculiar. It started with a quadrillion tokens. A lot. After Vitalik's massive burn, the supply decreased significantly. Still, it allows anyone to have billions of tokens for little money.

Burns are a fundamental part of the project. When a token is "burned", it disappears forever. The community believes this could increase long-term value. It seems logical.

The ecosystem has three main tokens:

1. SHIB: The basic coin
2. LEASH: Super scarce (only 107,647 tokens)
3. BONE: To vote in governance (250 million in total)

Everything revolves around ShibaSwap, its decentralized exchange. It has features with peculiar names:

• DIG: Provide liquidity
• BURY: Staking
• FETCH: Exchange tokens
• WOOF: Claim rewards

They also created Shibarium, a layer 2 on Ethereum. It reduces costs and improves speed. Not bad.

The Shiba Inu Ecosystem

What started as a simple token is now a whole crypto universe. Let's see:

SHIB:

It is the main token. There are hundreds of trillions circulating. It is already accepted as a form of payment in many places, sometimes directly, other times through external processors.

LEASH:

A very scarce token, there are only 107,647. It provides special benefits, such as early access to plots in the metaverse. Pure exclusivity.

BONE:

With 250 million tokens, it serves to vote in the Doggy DAO. It also functions as "gas" in Shibarium. A token with a dual purpose.

The three tokens together create an interesting balance. Each one fulfills its specific function within the ecosystem.

ShibaSwap:

Launched in July 2021, it's where all the action happens: exchanges, staking, liquidity. Users earn rewards for participating.

SHIB: The Metaverso:

A virtual world with over 100,000 digital plots. Users can explore, earn money, and collect resources. Sounds ambitious.

Shibarium:

The layer 2 solution of the project. Reduces costs and increases speed while maintaining security. Essential for daily use.

Shiba Inu Incubator:

Support creative projects within the community. It goes beyond traditional art.

Community Governance:

The Doggy DAO allows BONE holders to vote on important decisions. Decentralization in action.

Shiba Inu in September 2025

As of September 2025, Shiba Inu has changed quite a bit. The price remains volatile, as expected. The community already exceeds 3 million users. Not bad.

Shibarium has processed over 500 million transactions. It works. Hundreds of decentralized applications take advantage of its low fees and speed.

The metaverse has several active districts. People interact, participate in community events. Those who have LEASH continue to enjoy special privileges.

The token burn continues. Approximately 410 trillion tokens have been permanently removed. A constant effort to improve the tokenomics.

The ShibArmy remains one of the most active communities in crypto. They organize events all over the world. They develop projects on their own initiative. It is a true decentralized movement. Impressive evolution for what started as a dog meme.