Shiba Inu is a decentralized cryptocurrency created in 2020 by "Ryoshi." An Ethereum-based ERC-20 token inspired by Shiba Inu dogs, SHIB is marketed to compete with Dogecoin.
Shiba Inu Token ($SHIB) started as a memecoin in 2020, aiming to rival Dogecoin. Built on Ethereum, it has evolved into a complex ecosystem with DeFi and NFT capabilities.