Shiba Inu (SHIB) Exchange
SHIB is the native token of the Shiba Inu ecosystem — an Ethereum-based project that began as a meme coin inspired by Dogecoin and has evolved into a multi-product ecosystem including a DEX (ShibaSwap), a Layer 2 blockchain (Shibarium), and a tokenised metaverse project (SHIB: The Metaverse).
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What Is Shiba Inu (SHIB)?
What Is SHIB?
SHIB is the native token of the Shiba Inu project, launched anonymously in August 2020 by an entity known as 'Ryoshi.' It began as a meme coin inspired by Dogecoin (DOGE) and named after the Shiba Inu dog breed. The original total supply was 1 quadrillion (1,000,000,000,000,000) SHIB. In May 2021, co-founder Vitalik Buterin received 50% of the initial supply (approximately 500 trillion SHIB) sent to him as an unsolicited gift; he donated most to COVID-19 relief and burned the remainder, permanently removing approximately 410 trillion SHIB — roughly 41% of total supply — from circulation in a single event.
SHIB Tokenomics and Burn Mechanics
SHIB has a multi-token Shiba Inu ecosystem: SHIB (the base token), LEASH (a scarce high-value token capped at 107,646 units), and BONE (the governance token of ShibaSwap DEX). SHIB's deflationary mechanics rely on ongoing community burns and Shibarium transaction burns.
Original supply — 1 quadrillion (10^15) SHIB tokens
Burned — approximately 410 trillion SHIB by Vitalik Buterin (May 2021); approximately 411 trillion SHIB burned in total as of October 2026 (1 quadrillion original supply minus the circulating supply, according to CoinGecko)
Current circulating supply — approximately 589 trillion SHIB as of October 2026, according to CoinGecko
Burn mechanism — a portion of every Shibarium transaction fee is converted to SHIB and burned; users can also manually send SHIB to the burn address
ShibaSwap DEX — SHIB, LEASH, and BONE are used for liquidity provision and governance on ShibaSwap
Shibarium — Ethereum Layer 2 blockchain using BONE as the gas token; launched August 2023; reduces gas costs for SHIB ecosystem transactions
BONE — ShibaSwap governance token, used for DEX voting and as Shibarium gas; limited supply of approximately 250 million BONE
TREAT — utility and governance token launched in January 2025 (maximum supply 10 billion), used for rewards and voting in the Shib.io ecosystem
What Determines SHIB's Value
"SHIB's primary demand drivers are community sentiment, Shibarium adoption, and ongoing token burns. Unlike utility tokens, SHIB's value is not derived from protocol cash flows or fee distributions — it is driven by speculative demand amplified by a very vocal community (the 'ShibArmy') and its listing on many major exchanges. Each Shibarium transaction burns a small fraction of SHIB. The cumulative burn across the ecosystem is roughly 411 trillion SHIB (about 41% of the original supply) as of October 2026. SHIB achieved an all-time high price of approximately $0.000088 in October 2021 during the peak meme coin cycle. The token remains extremely sensitive to social media trends, celebrity mentions, and coordinated community buying campaigns."
How to Exchange Shiba Inu (SHIB) on Swapzone
How to Choose a SHIB Exchange Partner
Shiba Inu (SHIB) Price Analysis
Frequently Asked Questions About Shiba Inu (SHIB)
Shibarium is Ethereum Layer 2 blockchain launched in August 2023, built to reduce gas costs for SHIB ecosystem transactions. Ethereum gas fees make small SHIB transactions impractical (gas could cost more than the SHIB being sent). Shibarium uses BONE as its gas token, and a portion of each Shibarium fee is converted to SHIB and permanently burned, creating an ongoing burn mechanic tied to Layer 2 activity.
Ryoshi (SHIB's creator) sent approximately 50% of SHIB's total supply — 500 trillion tokens — to Vitalik Buterin's public Ethereum address as an unsolicited gift. In May 2021, Buterin donated approximately 50 trillion SHIB to India's COVID-Crypto Relief Fund and burned the remaining approximately 410 trillion to a dead address. He stated he did not want influence over SHIB's governance and the burn was a way to permanently relinquish control over those tokens.
The SHIB burn address is a publicly known Ethereum address with no private key — meaning no one can control it and any SHIB sent there is permanently inaccessible. Tokens sent to the burn address are removed from active circulation permanently. Community members, protocols, and Shibarium's automatic fee-burn mechanism all contribute to ongoing SHIB burns. The cumulative burned total is tracked publicly on the Shibarium burn portal.
LEASH is the second token of the Shiba Inu ecosystem, capped at approximately 107,646 units — making it extremely scarce compared to SHIB's quadrillions. LEASH was originally designed as a rebase token tracking DOGE price, but the rebase mechanism was discontinued. LEASH now functions as a high-value, scarce collateral and staking asset within the ShibaSwap DEX and SHIB: The Metaverse land ownership system.
BONE is the governance token of ShibaSwap DEX and the gas token for Shibarium. BONE holders vote on ShibaSwap protocol upgrades and fee structures. BONE is also required to pay transaction fees on Shibarium. Unlike SHIB, BONE has a limited supply of approximately 250 million tokens. Shibarium validators must stake BONE to participate in block production.
ShibaSwap is the Shiba Inu ecosystem's decentralised exchange, launched in July 2021 on Ethereum mainnet. Users can swap SHIB, LEASH, BONE, and other ERC-20 tokens; provide liquidity to earn yield in BONE; and stake SHIB, LEASH, or BONE to earn rewards. ShibaSwap V2 was deployed on Shibarium to enable low-cost swaps outside of Ethereum's gas environment.
SHIB: The Metaverse is a virtual world project within the Shiba Inu ecosystem where land parcels are tokenised as NFTs and trade on secondary markets. Land plots were sold using SHIB, LEASH, and BONE tokens. The project includes planned play-to-earn games and virtual events for the ShibArmy community.
SHIB's all-time high was approximately $0.000088 in October 2021, at which point the market capitalisation reached approximately $40 billion. Even at the ATH price, the per-token value was a fraction of a cent due to the quadrillion-unit supply. Burns have reduced the circulating supply from approximately 1 quadrillion to approximately 589 trillion as of October 2026, and the per-token price remains far below one cent.
The ShibArmy is the self-organised community of SHIB holders and advocates. SHIB's price is strongly influenced by community-driven social media campaigns, coordinated buying events, and celebrity endorsements — more so than by DeFi usage metrics or protocol revenue. This is characteristic of meme coins: the narrative and community momentum are the primary price driver. Shibarium adoption and burns create a fundamentals layer, but social sentiment can override fundamentals in either direction on short timescales.
As of October 2026, approximately 411 trillion SHIB have been burned — roughly 41% of the original 1 quadrillion supply, based on the circulating supply of about 589 trillion reported by CoinGecko. This includes Vitalik Buterin's 410 trillion burn in May 2021, community manual burns, and ongoing Shibarium transaction fee burns. The total burned amount is publicly tracked at the Shibarium burn portal. The remaining circulating supply is approximately 589 trillion SHIB as of October 2026, though not all circulating SHIB is actively traded.
Go to swapzone.io/exchange/shiba-inu, enter the SHIB amount you want to send or receive, and compare live offers from exchange partners. Each offer shows the rate, estimated completion time, and KYC frequency label. Select the offer, enter your Ethereum destination address (ERC-20 SHIB), and send SHIB to the deposit address provided. No registration is required on Swapzone.
Shiba Inu (SHIB) is an ERC-20 meme token launched anonymously in August 2020, built on Ethereum. It is not a fork of Bitcoin or Litecoin like Dogecoin, and has no independent blockchain: SHIB exists entirely on Ethereum as a token. The original supply was 1 quadrillion SHIB (1,000,000,000,000,000), with 50% sent to Vitalik Buterin who burned most of them. The Shiba Inu ecosystem includes ShibaSwap (a DEX), LEASH and BONE tokens, and Shibarium (a Layer-2 on Ethereum). Dogecoin is a separate proof-of-work blockchain using Scrypt; SHIB and DOGE share only a Shiba Inu dog branding association.
SHIB is an ERC-20 utility and community token on Ethereum. Its original supply of 1 quadrillion tokens is what makes per-token prices very small (fractions of a cent). SHIB's circulating supply has been reduced over time through community-organized burns, where tokens are sent to a dead address and permanently removed from circulation. The ShibaSwap DEX allows SHIB holders to stake, provide liquidity, and earn BONE and other ecosystem rewards. Because SHIB is an ERC-20 token, sending it requires ETH in your wallet to pay Ethereum gas fees.
Elon Musk has made social media posts mentioning Dogecoin specifically, and Shiba Inu's price has historically reacted to those mentions because both use a Shiba Inu dog image. Musk has not made specific endorsements of SHIB as a project. The relationship between social media posts and SHIB price reflects the token's meme and sentiment-driven nature rather than fundamental valuation. Swapzone does not provide investment advice, and social media mentions should not be treated as investment signals.
SHIB started with 1 quadrillion tokens. As of October 2026, circulating supply was approximately 589 trillion SHIB after burns, with the total burned standing at over 410 trillion SHIB according to CoinGecko. The Shiba Inu community runs ongoing burn campaigns through dedicated platforms. The large nominal supply is why individual SHIB tokens trade at very small dollar values, but the full market cap reflects the price times all circulating tokens.
Why Exchange Shiba Inu on Swapzone
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Shiba Inu Reviews on Trustpilot
Best customer support and very fast exchanges
Well i accidentally made a wrong transaction and i hit CS for a review and they replied in less than 3min and i had no account on their site or anything but they looked at my details and refunded me... great CS i loved the exchange too with all the best rates you can find easily...
zenny review
absolutely goated it took me only 3 minutes to exchange like this is better than exodus exchanging
Excellent service
I had initial trouble with the platform because I had never used it before, but Russel the customer service rep went above and beyond to help me get my transaction done. Wonderful platform, great customer service. 10/10
Great site
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Fast and a good price too.
Fast and a good price too.
nice & swift
nice & swift
The site experience was great. But choose your exchange platform wisely.
The site experience was great, as on previous occasions. I made a mistake, however, by choosing a different exchange provider, EasyBit, and the result was much worse than I was given to expect. Changelly was the best before and I will choose that option in future.
Fast swap
Fast swap. No issues 5 star.
Superb USDT to BTC swap
Superb USDT to BTC swap, went through EasyBit. Best rate on market.
BEST REALLY FAST
BEST REALLY FAST
A very nice and useful crypto swap
A very nice and useful crypto swap site. It is very well done and stays helpful on how to proceed to swap cryptos around.
perfect
perfect, fast no issues 100%
Wayne helped me throughout the way
Wayne helped me throughout the way, even tho it was just a misunderstanding and it just took longer than usual. he didnt mind, thank you for this,.
i was accompanied by the team
i was accompanied by the team throughout the swapping process and i must say that they were very efficient. thanks
Comfort dex
Use DEX for swap from solana to bnb. Pretty fast, good rate. Thanks
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great customer service
great customer service made a mistake on my side but they managed to fix it and swap my crypto
I recommend using swapzone I exchange...
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Unstaking ONT without having ONG
My problem was to unstake ONT in my wallet which I administrate with the Exodus software without having ONG for gas fee. The swapping function in Exodus is no longer available and they will suspend the support of Ontology soon. By means of the fantastic swapzone-node I was able now to swap TRX into ONG and receive the ONG directly at my adress of ONT-asset. So I was able to start the unstaking procedure. And one more advantage: The swapping of TRX to ONG and sending it to the ONG-adress was quite simple for beginners like me: I'm used to krypto ledger, but this was my first experience with swapping-nodes.
Great service with great support!
not so long ago I was looking for a service that allows you to exchange cryptocurrency quickly and effortlessly. today, when I once again decided to exchange usdt to eth - I wrote the wrong wallet, namely the wallet from the last exchange (incorrectly indicated the amount), to which the usdt should have been sent. after contacting support, I was almost immediately refunded, which I am very happy about! I recommend using this service! 100/100
Very competitive pricing and fast support - great!
I used swapzone.io over 10 times recently and never had an issue. In fact, I had once a visual bug of the swap interface when the funds were sent but it was correct again the second I started a chat with support. In less than 2 minutes I had a very friendly employee talking to me. Very competitive pricing and fast support.
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i successfully exchanged currencies. it took just a couple of minutes
everything is in one place
I'm new to cryptocurrency, and I'm always frightened by the choice of services. I really liked that everything is in one place here, and you can choose from familiar names and compare prices between them. The exchange took place fast and without any problems.
I tried swapping nearly $1000 worth of
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simply, reliable and quick
Easy to understand terminal, quick transaction. A bit of slippage on promised rate compared to what received - not sure why, as prices haven't changed by that percentage.
made good experiences
made good experiences. chaged IOTA in about 5 minutes.
Excellent and fast exchange at a good…
Excellent and fast exchange at a good rate! Thanks to the Swapzone team!
Great
Great! I’ll surely recommend it
I wanted to share my experience after…
I wanted to share my experience after encountering a failed transaction earlier today. I contacted support, and the team was incredibly fast in getting back to me. They understood the problem immediately and helped me through the recovery process efficiently. It's situations like this that really show why prompt customer service is essential on an exchange. The quick resolution meant I didn't have to worry for long. Your help was much appreciated!
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Thank you
Thank you ! I've got my crypto swapped without any hassles.
Great
Gut gelaufen, wie immer halt. Gern wieder!
easy seamless and quick
easy seamless and quick
Hervorragender Service!
Hervorragender Service!
fast and safe to be honest
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Faster
Faster, the best
Works with ~ 100€ worth of coins
I was scammed by simpleswap before, but with Changenow over simpleswap it worked.
This was my first swapping and it went…
This was my first swapping and it went so smoothly without needing to refresh again and again
Nothing to complain about
Nothing to complain about, got even more crypto than expected.
Great support
Great support, replied within 1 minute. Few minutes later, swap finished properly.
Super Service !
Super Service !
Very fast exchange
Very fast exchange. Thank you.
Good also very fast support
Good also very fast support
Never had an issue once over many…
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very responsive, and fast followthrough
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First exchanges went great
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Customer service was great
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Read this carefully
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everything goes perfect as heaven
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Perfect!!!
It worked better than I expected
It worked better than I expected. Great experience! I'll be back
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Excellent and reliable platform
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Good and Fast Support
Tyler from Swapzone's Support team was very kind and helps me out proactively. Highly recommend this site.
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