As of September 9, 2025, at 15:16:18 , Shiba Inu (SHIB) is indeed an Ethereum-based token.
Table of contents
SHIB and Ethereum
Shiba Inu (SHIB) is designed as an ERC-20 token, operating on the Ethereum blockchain. It aims to be an alternative to Dogecoin (DOGE) within the memecoin landscape.
Contract and Transactions
The SHIB token’s contract address is 0x95aD61b0a150d79219dCF64E1E6Cc01f0B64C4cE. This address can be explored on Etherscan, where users can view the source code, transactions, balances, and analytics associated with the contract.
Ethereum’s Role
Ethereum serves as a decentralized computing platform. ETH (Ether) is used to pay transaction fees, also known as gas, on the Ethereum network.
Abundance vs. Scarcity
Unlike Bitcoin, which is designed to be scarce, SHIB is intentionally abundant, with a total supply of one quadrillion tokens.
ShibaSwap and the SHIB Ecosystem
The Shiba Inu ecosystem extends beyond just the SHIB token. It includes projects like an NFT art incubator and the development of a decentralized exchange (DEX) called ShibaSwap. These initiatives are built upon and leverage the Ethereum blockchain’s capabilities.
Holding Patterns: Ethereum Whales and SHIB
Shiba Inu has gained significant traction, even becoming a prominent holding among Ethereum whales. This indicates a level of adoption and integration within the broader Ethereum-based decentralized finance (DeFi) space.
Considerations and Risks
While SHIB operates on the Ethereum blockchain and benefits from its security and infrastructure, it’s crucial to remember the risks associated with memecoins. Volatility can be high, and investment decisions should be made after careful research and consideration of personal risk tolerance.
The Future of SHIB on Ethereum
The future of SHIB remains closely tied to the evolution of the Ethereum network, including upgrades like Ethereum 2.0 (now completed and known as “The Merge”). These upgrades aim to improve scalability and efficiency, potentially benefiting SHIB and other Ethereum-based projects.
