Shiba Inu (SHIB) is a decentralized, community-led cryptocurrency that runs on the Ethereum blockchain. It was launched anonymously in August 2020 under the pseudonym "Ryoshi." SHIB is designed to be an Ethereum-compatible alternative to Dogecoin (DOGE), with an initial circulating supply of one quadrillion coins. The token's ecosystem supports projects such as an NFT art incubator and a decentralized exchange called Shibaswap.
SHIB is known for its compatibility with the Ethereum ecosystem, allowing it to interact with other Ethereum-based protocols and applications, such as decentralized exchanges (DEXs) like UniSwap and lending and savings products. The project's decentralized nature is a key aspect, with no centralized team, no funding, and no direct leadership, aiming to demonstrate the viability of a community-driven cryptocurrency.