Shiba Inu (SHIB) is a decentralized cryptocurrency (altcoin) based on Ethereum launched in August 2020 by an anonymous creator named Ryoshi. Known as a "meme coin" and often called the "Dogecoin Killer," SHIB has evolved from an internet joke into a serious ecosystem, including tokens BONE and LEASH, as well as its own blockchain, Shibarium. Here are the key points about Shiba Inu: Origin: Inspired by the Japanese dog breed, Shiba Inu, which also serves as the mascot for Dogecoin. Purpose: Created as an experiment in building a decentralized community (often called SHIB Army) to rival Dogecoin's dominance. Ecosystem: SHIB is not just a coin but has a decentralized exchange platform (ShibaSwap) and a Layer-2 blockchain (Shibarium) to improve transaction efficiency. How It Works: Based on Ethereum (ERC-20 token), allowing it to interact with other decentralized finance (DeFi) applications. Value: It was once a phenomenon due to its very high price increase, but its price is highly volatile and influenced by meme coin market trends.

SoFi is finally launching its stablecoin, choosing Solana over Ethereum, the signal is clear enough.

According to Onchain Lens monitoring, Paradigm Capital deposited 2,436 ETH into Coinbase Prime in the past 2 hours, worth 5.75 million USD.