Euler Finance, a noncustodial protocol on Ethereum that allows users to lend and borrow almost any crypto asset, announced Shiba Inu’s activation on its protocol. This implies that Shiba Inu holders can now borrow or lend tokens and earn interest.
According to Euler Finance, “SHIB hosts a dedicated community that has grown the token from a meme coin to a vibrant ecosystem with a nearly $16B market cap!”
Shiba Inu continues the trend it started in late 2021 when it saw a flurry of listings by multiple exchanges in various countries. Among them were Gemini, Kraken, CoinDCX, Bit2Me, South Korean Korbit and Singapore-based Coinhako. Now, the SHIB community anticipates that Robinhood will list Shiba Inu as well. A petition regarding this has obtained 555,066 signatures as of press time.