The Shiba Inu (SHIB) token is currently trading at $0.0000116**, reflecting a **-4.19%** drop over the past 24 hours. With a circulating supply of **589.25 trillion SHIB** and a market capitalization of **$6.85 billion, SHIB remains one of the most prominent memecoins in the decentralized finance (DeFi) ecosystem. Despite its playful origins, SHIB has evolved into a multifaceted digital asset with utility across blockchain networks, NFTs, staking, and cross-chain interoperability.
Understanding Shiba Inu (SHIB)
Shiba Inu launched in 2020 as a decentralized cryptocurrency inspired by the popular Japanese dog breed. Created by an anonymous figure known as Ryoshi, SHIB operates as an ERC-20 token on the Ethereum blockchain, making it fully compatible with Ethereum-based wallets and decentralized applications (dApps).
Unlike traditional currencies or even some centralized cryptocurrencies, SHIB thrives on community-driven development and decentralized governance. Its ecosystem leverages smart contract technology—self-executing digital agreements that automate transactions when predefined conditions are met.
A smart contract is code written directly onto the blockchain. For example, if you send 1 SHIB, a smart contract could instantly deliver a digital collectible in return—no intermediaries needed.
These contracts are immutable once deployed, ensuring trustless execution. However, newer upgradable smart contracts allow developers to patch vulnerabilities or enhance functionality without compromising security.
SHIB Market Performance & Key Metrics
As of today, here’s a snapshot of SHIB’s performance:
- Current Price: $0.0000116
- 24-Hour Change: -4.19%
- 24-Hour Trading Volume: $151.59 million
- Volume-to-Market Cap Ratio: 0.0221
- Circulating Supply: 589.25 trillion SHIB
- All-Time High (ATH): $0.00008616
- All-Time Low (ATL): $0.00
While SHIB has seen significant volatility since its inception, it continues to maintain strong community engagement and integration within the broader Web3 landscape.
Historical Price Comparison
| Time Period | SHIB Price | Change Since |
|---|---|---|
| Today (July 4) | $0.0000116 | - |
| 24 Hours Ago | $0.00001211 | -4.19% |
| 1 Week Ago | $0.00001127 | +2.91% |
| 1 Month Ago | $0.0000131 | -11.47% |
| 1 Year Ago | $0.00001568 | -26.01% |
Though still far from its ATH, SHIB remains a speculative favorite among retail investors and memecoin traders due to its low price per unit and high liquidity.
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How to Buy, Sell, and Swap SHIB
Buying SHIB doesn’t require navigating complex centralized exchanges. You can purchase SHIB directly in your wallet using familiar payment methods such as:
- Credit or debit cards
- Bank transfers
- Apple Pay
- Google Pay
- PayPal
Wallets like MetaMask support direct fiat-to-crypto purchases across over 15 networks, including Ethereum, Solana, Base, Linea, and Arbitrum—giving users flexibility without sacrificing security.
Selling SHIB is just as seamless. You can offramp your holdings directly to your bank account, debit card, or PayPal, minimizing steps and reducing fees typically associated with third-party platforms.
Swapping SHIB Across Chains
With MetaMask Swaps, users can exchange SHIB for other major cryptocurrencies like ETH, WBTC, or SOL—all within a single interface. The service aggregates liquidity from multiple sources and includes gas fees in the quoted price, ensuring transparency and cost-efficiency.
Additionally, cross-chain bridging allows you to move SHIB between different blockchain networks. Instead of manually transferring and wrapping assets, cross-chain swaps let you convert SHIB on one chain (e.g., Ethereum) to another token on a different chain (e.g., SOL on Solana) in a single transaction.
This streamlined process reduces slippage, saves time, and enhances capital efficiency for active traders and DeFi participants.
Use Cases for SHIB in Web3
SHIB isn’t just a speculative asset—it powers real utility across decentralized ecosystems:
- DeFi Participation: Stake SHIB or provide liquidity on decentralized exchanges (DEXs) to earn yield.
- NFT Marketplaces: Use SHIB to buy digital art, collectibles, and virtual assets.
- Web3 Gaming: Some blockchain games accept SHIB as in-game currency or reward tokens.
- Transaction Fees: On certain Layer 2 solutions and sidechains, SHIB can be used to pay for gas or service fees.
- Community Governance: While not fully implemented yet, future iterations may allow SHIB holders to vote on ecosystem upgrades.
As Ethereum-compatible infrastructure expands, so too does the potential for SHIB to integrate deeper into dApps, DAOs, and decentralized identity systems.
Frequently Asked Questions (FAQ)
What is the current price of Shiba Inu (SHIB)?
As of July 4, 2025, the price of Shiba Inu (SHIB) is $0.0000116 USD.
Is Shiba Inu built on Ethereum?
Yes, SHIB is an ERC-20 token that runs on the Ethereum blockchain, benefiting from Ethereum’s security, decentralization, and wide dApp support.
Can I stake Shiba Inu tokens?
Yes, you can stake SHIB through various DeFi platforms and liquidity pools to earn rewards in additional tokens or yield.
What is the total supply of SHIB?
The total circulating supply of Shiba Inu is approximately 589.25 trillion tokens.
How do I safely store my SHIB?
Store your SHIB in a non-custodial wallet like MetaMask or Trust Wallet. Always keep your private keys secure and never share them.
Does Shiba Inu have real-world utility?
Yes—beyond being a memecoin, SHIB is used for trading, staking, NFT purchases, gaming rewards, and cross-chain transactions.
Final Thoughts
While Shiba Inu began as a lighthearted experiment in decentralized finance, it has grown into a resilient ecosystem with tangible use cases in DeFi, NFTs, and cross-chain interoperability. Despite price fluctuations, its large community base and continuous integration into Web3 tools keep SHIB relevant in the evolving crypto landscape.
Whether you're a long-term holder or an active trader, understanding how to buy, swap, bridge, and utilize SHIB effectively can enhance your participation in the decentralized economy.
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