Shiba Inu (SHIB) DEX ShibaSwap surpasses $1B TVL 24-hours after launch

Dogecoin (DOGE) has proven to the world that even a project that started as a joke can gain value and notoriety in the cryptocurrency space. This phenomenon opened the door for multiple ‘meme’ cryptocurrencies to gain a foothold and a quick look at the trending tokens list on CoinMarketCap shows the meme effect has found a s foothold.

The latest meme coin to capture investors' attention is Shiba Inu (SHIB), a project that originally gained notoriety when (ETH) creator Vitalik Buterin donated more than $1 billion worth of SHIB to the India Covid relief fund.

SHIB/USDT daily chart. Source: TradingView
Top 9 Ethereum gas guzzlers. Source: Etherscan