Shiba Inu is built on Ethereum and uses SHIB as its main token. The ecosystem also includes ShibaSwap, where users can swap tokens, stake assets, and participate in DeFi. Since the project is based on Ethereum, it uses proof-of-stake as its consensus mechanism, which means transactions are verified by validators staking their assets instead of energy-intensive calculations. With the launch of Shibarium, its own Layer 2 solution, the project is further developed, offering faster and cheaper transactions. For those who want to join the ecosystem, it is easy to buy Shiba Inu through established trading platforms such as Safello.
Initially, Shiba Inu was intended as a “Dogecoin competitor,” but the project has grown into something much larger. Today it includes NFT projects, game development, and new DeFi solutions. The active community is a crucial part of the project’s success, influencing both the SHIB price, overall market development, and future innovations.
SHIB is the core of the Shiba Inu ecosystem. Together with its sister tokens LEASH and BONE, it is used across different parts of the project. SHIB is known for its popularity among retail investors and has become one of the most traded tokens on the market. Many choose to buy or sell SHIB depending on market conditions, and the token plays a central role in both Shibarium and ShibaSwap.
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