Meanwhile, the highest Shiba Inu whale has 5,178,454,552,701 Shiba Inu tokens which values nearly $53.33 million as per the current market value. There were two transactions comprising a total worth $1.72 million of 9.81B and 158.55B tokens respectively. In recent SHIB whale transaction happened on Tuesday. It is noted that the whale transaction happened three times over the last 24 hours in total. Largest SHIB whale purchase reports worth $1.55M in the last 24H.Notably, a total of 5,283,884 Shiba Inu tokens are burnt.As per the data of Etherscan, the largest whale of Shiba Inu (SHIB) bought around 150,553,500,877 tokens of total worth $1.55 million to the market price. The live price of the Shiba Inu coin (SHIB) is updated and available in real-time on Binance. BONE is a governance token of the Shiba Inu ecosystem and is used to participate in the ecosystem's governance and earn rewards for staking BONE. It is designed to be used as a reward for liquidity providers on the ShibaSwap decentralized exchange. LEASH is a deflationary token that is pegged to the price of SHIB. SHIB is the native token of the Shiba Inu ecosystem. The Shiba Inu ecosystem consists of three main coins: SHIB, LEASH, and BONE. The public launch of the much-anticipated Shibarium layer-two network was completed in August 2023. Shibarium is designed to reduce gas fees and improve the speed and efficiency of transactions. It sits on top of the Ethereum blockchain, which allows it to inherit the security and stability of Ethereum. Shibarium is a layer-2 scaling solution for the Shiba Inu ecosystem. The ecosystem includes a decentralized exchange called ShibaSwap, a non-fungible token (NFT) marketplace, and a metaverse called Shibarium. SHIB is not intended to be a currency but rather a community token that can be used to interact with the Shiba Inu ecosystem. The live price of Shiba Inu coin (SHIB) is updated and available in real time on Binance. The SHIB Army is a community of SHIB holders and supporters whose members are encouraged to guide the community. Transactions on the Shiba Inu network are validated using a Proof-of-Stake (PoS) consensus mechanism. Shiba Inu's native cryptocurrency, SHIB, is an ERC-20 token. It is based on the Ethereum blockchain and is one of the most popular dog-themed cryptocurrencies in recent years. Some of the more well-known and most popular NFT games like Alien Worlds and Axie Infinity run on the blockchain behind BNB.Shiba Inu (SHIB) is a decentralized meme token created in August 2020 by an anonymous person or group of people under the pseudonym Ryoshi. Another area where Binance's blockchain and token play a significant role is that of GameFi - or 'play-to-earn' blockchain games that are powered by cryptocurrencies. Much like Cardano, Solana, and Terra, Binance Smart Chain consequently became a valid alternative to Ethereum: The total value locked (TVL) of BNBs blockchain within DeFi, for example, ranked only behind that of Terra and Ethereum in early 2022. Here, BNB started to support a chain that initially did not focus on hosting decentralized apps but focused on high transaction speed and being able to handle large amounts of traffic.ĭeFi and GameFi: the main segments for BNBBSC, however, made significant strides in 2021 partly due to traffic overload and high gas prices on Ethereum as well as the growing interest in both Decentralized Finance (DeFI) and NFTs. In 2019, however, BNB moved away from the Ethereum network and migrated to Binance's self-developed blockchain: Binance Smart Chain or BSC (called BNB Chain since February 2022). It initially functioned on the Ethereum blockchain network as an ERC-20 token, offering incentives to owners like reduced trading fees, affiliate rewards, or a lottery ticket system ('Launchpad') that let users invest in new, Binance-selected crypto projects. Noticeable is that the price increase of BNB in November 2021 coincides with a similar price change for Ethereum (ETH) - a cryptocurrency where BNB initially originated in 2017 before coming on its own years later.īNB's history: From reward token in 2017 to an ecosystem after 2019As the name suggests, Binance Coin or BNB originally started as an extension of the trading platform - the most used cryptocurrency exchange in the world. Regardless, Binance Coin ranked in the top 10 most expensive cryptocurrencies in 2022. dollars - a value that very different to the all-time high of 600 U.S. In September 21, 2023, for example, a single BNB coin was worth more than 214.19 U.S. The price of the native coin from BNB Chain (formerly BSC) grew by 50 percent in late 2021 but was much lower in 2022.
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