Just 24 hours after the alleged meme coin, Shiba Inu’s decentralized

<p style="margin-right: 0px; margin-bottom: 1em; margin-left: 0px; padding: 0px; color: rgb(53, 53, 53); font-family: Georgia, &quot;Times New Roman&quot;, Times, serif; font-size: medium;">Just 24 hours after the alleged meme coin, Shiba Inu’s decentralized finance (DeFi) launched, the platform surpassed $1 billion in total value locked (TVL). This has pushed Shiba Inu out of the meme coin space, with its developers telling the world that it is here for serious business.</p><h3 style="color: rgb(53, 53, 53); font-family: Georgia, &quot;Times New Roman&quot;, Times, serif;">What you should know</h3><p style="margin-right: 0px; margin-bottom: 1em; margin-left: 0px; padding: 0px; color: rgb(53, 53, 53); font-family: Georgia, &quot;Times New Roman&quot;, Times, serif; font-size: medium;">Shiba Inu coin was created anonymously in August 2020 under the pseudonym “Ryoshi.” The alleged meme coin quickly gained speed and value as a community of investors was drawn in by the cute charm of the coin paired with headlines and Tweets from personalities like Elon Musk, CEO of Tesla and Vitalik Buterin, the founder of Ethereum.</p><p style="margin-right: 0px; margin-bottom: 1em; margin-left: 0px; padding: 0px; color: rgb(53, 53, 53); font-family: Georgia, &quot;Times New Roman&quot;, Times, serif; font-size: medium;"><strong>READ:&nbsp;<a class="LinkSuggestion__Link-sc-1mdih4x-2 jZPuuT" href="https://nairametrics.com/2021/05/25/defi-leads-charge-as-total-cryptocurrency-market-capitalization-gains-400-billion/" target="_blank" rel="noopener" style="color: rgb(40, 59, 145);">DeFi leads charge as total cryptocurrency market capitalization gains $400 billion</a></strong></p><p style="margin-right: 0px; margin-bottom: 1em; margin-left: 0px; padding: 0px; color: rgb(53, 53, 53); font-family: Georgia, &quot;Times New Roman&quot;, Times, serif; font-size: medium;">The project is looking to get out of the meme coin rhetoric, as it has launched its DeFi platform, fully equipped with its own swap interface, yield farm and budding decentralized autonomous organization structure. This platform has now launched on the Ethereum network.</p>