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Shiba Inu (SHIB) started as an experiment in decentralization but quickly became a global phenomenon, reaching a $40 billion market cap. Vitalik Buterin’s shocking burn of 410 trillion SHIB and $1 billion donation cemented its role beyond just a meme coin. Today, Shibarium, its Layer 2 blockchain, has processed over 1 billion transactions.
- Vitalik Buterin burned 410 trillion SHIB (41% of supply) and donated $1 billion worth to India’s COVID-19 relief, reshaping SHIB’s perception.
- Shibarium, SHIB’s Layer 2 blockchain, hit 1 billion transactions by 2025 with 5-second block times and community-driven governance.
- SHIB’s ecosystem expanded beyond memes to include ShibaSwap, NFTs, and utility tokens like BONE and LEASH under Shytoshi Kusama’s leadership.
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