Shiba Inu launches on Solana via Sunrise gateway
Shiba Inu (SHIB) is now live on Solana via the Sunrise gateway, offering a canonical version for DeFi. This move boosts SHIB’s reach and liquidity while keeping its ERC-20 token on Ethereum.
Shiba Inu (SHIB) has officially launched on the Solana blockchain via the Sunrise asset gateway, developed by Wormhole Labs. This integration enables users to trade SHIB directly within Solana’s decentralized finance (DeFi) ecosystem, providing access to the token’s canonical version without leaving the network. The initiative aims to consolidate liquidity, prevent the proliferation of unofficial SHIB tokens, and improve transaction efficiency by leveraging Solana’s high throughput and low fees. Importantly, SHIB’s original ERC-20 token remains on Ethereum, and the project’s layer-2 network, Shibarium, is not migrating to Solana. While the broader market response has been muted, the launch is expected to increase SHIB’s accessibility and utility. Solana highlighted the significance of Shiba Inu’s large community and its evolution beyond meme coin status, marking a notable step in expanding SHIB’s presence in the crypto ecosystem.