SHIBA INU (SHIB) was originally created as a fun, community-focused alternative to Dogecoin. This ecosystem features a decentralized exchange, ShibaSwap. It includes non-fungible tokens (NFTs), a currently-in-progress Shiberse metaverse project and its own Layer-2 blockchain called Shibarium. Latest Shibarium SHIB burns Recently there has been large SHIB burns happening via Shibarium. With the holder base growing and the project working to reclaim important price levels, it’s a surely dynamic time for this meme-coin-turned-ecosystem.

In August 2020, an anonymous founder using the pseudonym “Ryoshi” introduced Shiba Inu. Their aspiration was to build a decentralized, community-driven project that empowers its users. Since completion, the project has grown rapidly in scope and scale, welcoming new elements that boost its functionality and worth.

Shibarium and Token Burning

Shibarium, Shiba Inu‘s Layer-2 network, recently adopted a similar automated burn mechanism linked to transaction fees. This mechanism is meant to lower the circulating supply of SHIB, which, theoretically, would increase its value in the long term. Seventy percent of each transaction fee on Shibarium gets converted into SHIB and is burned forever. The other thirty percent is used to maintain the network.

In just the month of May 2025, about 320 million SHIB tokens were eliminated in Shibarium transaction fees! That represents a 76% increase in the burn rate compared to this time last year. It shines a light on Shibarium’s increasing role in reducing the SHIB supply. The Shiba Inu team primarily reduces the token supply through this Shibarium fee-burn mechanism, as well as periodic community-led burns.

Ecosystem Expansion and Community Growth

Shiba Inu’s ecosystem features ShibaSwap, a decentralized exchange and yield farming platform launched in 2021. This user-friendly platform enables users to buy, sell, and trade various tokens. They can be staked to earn rewards, making the Shiba Inu ecosystem much more functional.

The Shiba Inu project features Shib: The Metaverse, a metaverse project that has reportedly entered the Alpha testing phase as of mid-2025. This new move into the metaverse showcases the projects’ ambition in producing creative, immersive, and interactive experiences for their users.

It’s been an impressive run for the Shiba Inu community which has just hit a new milestone, with more than 1.511 million unique wallet addresses now holding SHIB. This new all-time high in holder count serves as testament to the growing popularity and acceptance of Shiba Inu.

Market Dynamics and Future Outlook

Shiba Inu (SHIB) is now in the process of trying to retake the $0.00001384 area, a long-time pivotal resistance level. Breaking through this level could indicate more bullish momentum for the token.

To realize a large 30-40% increase from today’s prices, we’ll require a big catalyst. Either large investors (aka whales) resuming their accumulation, or a wave of retail meme-trader mania interest driving prices up. The latest whales statistics show that whales dumped nearly 20 trillion SHIB during H1 of 2025. This move underscores a wary mood in this market among these central players. Whale addresses have bolded their SHIB holdings, selling from a peak of around 743 trillion at the beginning of the year. By the start of June, that figure dropped to just over 723 trillion.

Whether this considerably changes the future of Shiba Inu remains to be seen. For example, that inclusion of crypto into Elon Musk’s imagined X payments app is one potential. The Shiba Inu ecosystem includes other tokens such as BONE and LEASH. BONE has taken over as the gas token for Shibarium, while LEASH became a specialty token of the ecosystem.

"optimize the distribution of network validator nodes, resolve transaction congestion issues, and provide more stable support for DeFi and NFT projects" - Shytoshi Kusama