What is Shiba Inu (SHIB)

The Shiba Inu (SHIB) cryptocurrency project was created in August 2020 by an anonymous developer known as “Ryoshi.” The project was inspired by the Dogecoin cryptocurrency, which itself was inspired by the Shiba Inu dog breed.

One of the key events in the development of Shiba Inu was its listing on major cryptocurrency exchanges, which helped to increase its visibility and liquidity. In May 2021, the price of SHIB saw a significant increase, leading to a market capitalization of over $6 billion. This rapid price appreciation attracted both investors and media attention, and SHIB became one of the most talked-about cryptocurrencies at the time.

Another major milestone for the Shiba Inu project was the launch of its own blockchain, called ShibaSwap, in June 2021. ShibaSwap is a decentralized exchange (DEX) that allows users to trade SHIB and other cryptocurrencies directly without the need for intermediaries. The launch of ShibaSwap was seen as a major development for the Shiba Inu ecosystem and helped to further establish the project as a player in the cryptocurrency market.