Shiba Inu (SHIB) has recently announced its IPO on the Nexo exchange. Shiba Inu, which debuted in 2020 as a meme coin, has now grown into a global community. Nexo also contacted X to officially confirm the listing. The debate discussed how Shiba Inu began as a dog meme before evolving into the Shib Army. SHIB’s strong community support fuels the project’s innovation and growth.
Another key factor for Shiba Inu’s success is its ongoing evolution with projects. In 2021, SHIB launched ShibaSwap, a specialized DEX. The exchange creates an environment in which users can transfer tokens and yield farms while still controlling their assets.
Shiba Inu has launched its L2 blockchain, Shibarium. Shortly after its inception, the network completed over 1 million transactions, setting a new record. Shibarium brought another layer of value to Shiba Inu, demonstrating how the meme project has matured.
And with its Nexo listing, SHIB is preparing for the next step of its roadmap. The listing also allows other meme coins to access the platform. With this update, Nexo now allows traders to purchase, borrow, transfer, and swap Shiba Inu.
Despite being announced in April, the listing went up just a few hours ago. Despite this, Shiba Inu continues to struggle in terms of performance. The meme currency is trading at 0.00002307 dollars, down 2.21% in the last 24 hours.
The coin’s value increased by 4.31% in the last week but decreased by 18.20% in the last month. Its market capitalization has also decreased by 2.23%, falling below the $14 billion threshold. However, such collaborations are projected to increase the meme token’s value in the coming weeks.
