The 12th largest cryptocurrency in the world, Shiba Inu (SHIB) started off as a humble meme coin — however, since then, it has stood out through its staying power as well as several technical improvements that could serve to position it as a part of the wider blockchain and DeFi space that actually provides utility.
Shibarium, a Layer-2 blockchain, has gone a long way in improving scalability and transaction efficiency. In tandem with this, the project announced the launch of a stablecoin which is to be pegged at $0.01, in a move that could serve to broaden SHIB’s appeal.
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