Shiba Inu activates on lending protocol Euler

It’s a strong start to the year for Shiba Inu, which looks to set the year off with a bang following its activation on Euler Finance – a non-custodial lending protocol built on Ethereum.

The protocol confirmed the collaboration on Twitter calling Shiba “a dedicated community that has grown the token from a meme coin to a vibrant ecosystem with a nearly $16bn market cap”.

The listing of Shiba on Euler is the latest in the past few months and it’s first in 2022, following listings on the likes of Gemini, Kraken, CoinDCX and more in 2021.

Next up on Shiba’s hit-list is Robinhood – a brokerage that allows customers to buy and sell stocks and cryptocurrencies – after a dedicated Shiba supporter decided to help the cause by starting a petition for Shiba’s listing on the brokerage.

The petition had proved to be popular with more than 555,000 signatures and counting, at the time of writing.

Shiba Inu in 2022

It was a milestone year for Shiba, skyrocketing 45,000,000% to become one of the top 10 cryptos in the world, before dropping to 13th.

The token ended the year strongly with several listings on exchanges and announced changes planned for 2022.

With Shiba built on Ethereum, forging its own path is a step developers look set to take with the proposed launch of its own layer-2/blockchain called Shibarium.

The new blockchain will help with the growing usage of the network as well as help to lower transaction fees.

The impending debut of its new stablecoin – SHI – had been heralded by its community for Shiba’s efforts to develop its ecosystem.