What is Shiba Inu?
Shiba Inu (SHIB) is a decentralized memecoin created in August 2020 by an anonymous founder known as Ryoshi. It launched as an ERC-20 token on Ethereum with an initial supply of one quadrillion, half of which was sent to Ethereum co-founder Vitalik Buterin - who later burned most of the received tokens and donated the rest to charity.
Shiba Inu grew from a joke token into a sizeable ecosystem: ShibaSwap (a DEX), LEASH and BONE (sister tokens with more specific utility), and Shibarium - a Layer-2 rollup on Ethereum designed as a cheaper home for the SHIB community's activity.
How does Shiba Inu work?
SHIB itself is a simple ERC-20 token - no built-in deflation, no fee on transfers. Supply reduction happens through explicit burns, often funded by a portion of Shibarium transaction fees or community-run burn portals. The ecosystem's economic design depends on its two companion tokens: LEASH (tightly capped supply, used for exclusive access) and BONE (governance and gas for Shibarium).
Shibarium uses a Proof-of-Stake consensus on Polygon Edge and posts state proofs back to Ethereum. This keeps transaction fees low for everyday SHIB activity while inheriting Ethereum's security for settlement.
What is Shiba Inu used for?
SHIB is used primarily as a retail market asset and as a liquid memecoin across most major exchanges. Within its own ecosystem, it is traded on ShibaSwap, staked for rewards, and used on Shibarium as a gas alternative to BONE.
The SHIB community is one of the largest in crypto by holder count, which makes the token a reliable indicator of retail sentiment. Price action tends to correlate with memecoin cycles broadly and with Dogecoin in particular.
Where can you buy Shiba Inu?
Shiba Inu (SHIB) is traded on a wide range of centralized and decentralized exchanges. The most liquid markets for SHIB sit on tier-1 venues - the sort of exchanges where institutional desks and professional market makers rebalance continuously - which is what keeps the spread tight and the last price tied closely to fair value.
You can open the Markets section above to see the live list of exchanges quoting SHIB, sorted by 24-hour volume. Each row links to the venue's trade page so you can go directly from research to execution without copying the ticker around by hand.
What is the daily trading volume of Shiba Inu (SHIB)?
The reported 24-hour trading volume of Shiba Inu is $7.52M. Volume is a live reading of how much SHIB changed hands across all tracked exchanges in the past day and tends to rise during periods of price discovery and fall during consolidation.
For traders, the ratio between volume and market cap is often more informative than either number on its own: a high vol-to-mcap ratio indicates liquid, actively traded supply, while a low ratio suggests that most holders are sitting on the asset.
What is the highest and lowest price for Shiba Inu (SHIB)?
Shiba Inu reached an all-time high of $0.00008616 on its all-time high, and an all-time low of $5.637e-11 on its all-time low. It is currently trading - from its peak and - from its bottom.
The distance from ATH is a useful gauge of recovery potential during a bear market and of stretched positioning during a bull market. Combined with the all-time-low figure it provides a quick statistical frame for thinking about where SHIB sits in its long-run price range.
What is the market cap of Shiba Inu (SHIB)?
Shiba Inu's market capitalization is currently $3.73B, and it is ranked #31 by market cap on Cryptopricing. Market cap is calculated as the current price multiplied by the circulating supply (589.24 trillion SHIB are actively circulating today).
Market cap is a common but imperfect measure. It reflects the theoretical value of every circulating token at the current market price, but it doesn't capture how thin the top of the order book might be - an important caveat for tokens with low floats or illiquid cap tables.
What is the fully diluted valuation of Shiba Inu (SHIB)?
The fully diluted valuation (FDV) of Shiba Inu is $3.73B. FDV is a projection of what the market cap would be if every token that will ever exist - including those that have not yet been unlocked, mined or issued - were in circulation at the current price.
FDV is a useful second reading alongside market cap. A large gap between mcap and FDV signals that future token emissions could dilute current holders, while a small gap indicates that supply is already mostly out.
How does the price performance of Shiba Inu compare against its peers?
Over the past 24 hours, Shiba Inu has moved -3.24%. Over the past seven days, the change is -0.26%. Comparing these figures to the global crypto market cap change (shown in the ticker at the top of this page) tells you whether SHIB is leading, lagging or tracking the broader market.
For deeper analysis, the categories strip on the home page groups coins by theme - Layer 1, Meme, DePIN, AI, RWA and so on - and lets you compare Shiba Inu against its closest peers. The category detail pages surface the underlying coins and their seven-day sparklines in a single view.
How to store Shiba Inu?
Like any crypto asset, the right way to store SHIB depends on how often you plan to use it. Long-term holders typically self-custody using a hardware wallet such as Ledger or Trezor, which keeps private keys offline and immune to most remote attacks.
For active traders, a reputable custodial exchange wallet can be appropriate, especially one with clear proof-of-reserves attestations. Whatever approach you choose, the most important rule is to keep your recovery phrase offline, never share it, and never enter it into a web form or attached to a DM - no legitimate support agent will ever ask for it.
