This week the Shiba Inu token (SHIB) erased a zero from valuations and posted expanding trading activity, now exceeding $1.1 billion daily volume to flip established cryptocurrencies Cardano, Avalanche, and Polygon. The meme coin’s ecosystem also saw sizable gains for related BONE and TREAT tokens while other metrics like burn rate and transactions set new records.
SHIB’s formidable performance comes as the previous “Dogecoin killer” meme token shakes off doubters. Beyond headline volume figures overtaking major layer-1s and platforms, Shiba Inu also drastically grew whale transactions, active addresses, and total blocks confirming the real adoption behind the speculation.
Even tokens like LEASH missed rallying along with SHIB’s triple-digit returns, adding credibility to ecosystem-specific developments driving recent price action rather than broader hype. With fundamentals advancing faster than many assumed, underdog tokens still have room for explosive growth with the right community momentum.
Once seen as an internet fad, Shiba Inu and its decentralized offerings continue gaining legitimacy among both retail and institutional crypto participants. As ancillary token usage and activity multiplies, early niche adoption could spread more widely across DeFi.
