$BTC, $ETH, and $SHIB Were Binance’s “3 Most-Watched Cryptos in 2022” PlatoBlockchain Data Intelligence. Vertical Search. Ai.

$BTC, $ETH, and $SHIB Were Binance’s “3 Most-Watched Cryptos in 2022”

Binance, which is the world’s largest crypto exchange by trading volume, made a rather surprising announcement on Sunday (18 December 2022).

Here is what Binance Academy says about Shiba Inu:

Shiba Inu (SHIB) is a dog-themed meme cryptocurrency named after a Japanese dog breed. It was created in 2020 by an anonymous developer named Ryoshi, who designed SHIB to be an alternative to Dogecoin (DOGE) on the Ethereum blockchain.

SHIB is an ERC-20 token with a decentralized exchange called ShibaSwap. The SHIB roadmap and ecosystem also features an NFT art incubator called Shiba Artist Incubator, 10,000 ‘Shiboshi’ NFTs, and an NFT game Shiboshi Game.

Shiba Inu had an initial circulating supply of 1 quadrillion tokens. Ryoshi locked 50% of the token in Uniswap to create liquidity, and sent the other 50% to Ethereum co-founder Vitalik Buterin’s wallet. However, Vitalik decided to burn 90% of the coins and donate the remaining 10% to charity.

LEASH is the second token created by Shiba Inu and it’s also on ShibaSwap. With a circulating supply of 107,646 tokens, LEASH was initially used as a rebase token to track Dogecoin’s price. However, SHIB developers decided to change LEASH to an ERC-20 token. LEASH holders can stake their tokens in the liquidity pool and earn xLEASH as rewards. 

BONE is a governance token. It has a supply of 250,000,000 tokens.

The fact that Bitcoin and Ethereum, which are the top two most valuable cryptoassets (by market cap) on Binance was, of course, not the surprising part. What did come as a wonderful Christmas surprise for the Shiba Inu community was that $SHIB had come in at #3.

According to the Shiba Inu team, something big is happening in less than 4.5 days from now (currently, it is 3:52 p.m. UTC on 19 December 2022):

As for Shibarium, based on what Shiba Inu’s pseudonymous lead developer Shytoshi Kusama said on Telegram on 17 December 2022, it looks like SHIB’s layer-2 solution will be ready by early to mid January 2023.

Per data by CryptoCompare, currently, $SHIB is trading around $0.00000866, up 2.24% in the past 24-hour period.

Image Credit

Featured Image via Pixabay

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