SHIB is an ERC-20 token, which runs on the Ethereum network. Ethereum was chosen over other platforms because it is already robust, secure, well-established and allows for actual decentralisation.
Shiba Inu may communicate with various DeFi projects that share the identical blockchain and can be exchanged with any of the ERC20 tokens of the Ethereum ecosystem.
Its popularity and success are mainly due to the large cryptocurrency community of SHIB supporters, the so-called *ShibArmy*, and online influencers that help increase the price.
A unique component of the Shiba Inu ecosystem is its total supply. An impressive one quadrillion (1+15 zeros) SHIB tokens were minted at inception in August 2020, the highest number of coins ever generated in crypto space.
The Shiba Inu ecosystem also includes: ShibaSwap - decentralized exchange (DEX) for decentralized finance (DeFi); SHIBARIUM Network - Layer 2 Blockchain; Shiboshis Collection - Shiba Inu-generated Non Fungible Tokens (NFTs); Shib The Metaverse; Shiba Eternity by Shiba Inu Games LLC.