Shiba Inu (SHIB) recently secured a listing on the Nexo exchange, marking another milestone for the coin introduced in 2020 as a meme currency. Since its inception, Shiba Inu has garnered a global community of supporters.

Nexo officially confirmed the listing, highlighting Shiba Inu's journey from a meme about a dog to the formation of the Shib Army, which has been instrumental in driving innovation and growth for the project.

One of the key factors contributing to Shiba Inu's success is its continuous development of new projects. In 2021, SHIB introduced ShibaSwap, a decentralized exchange (DEX) that enables users to swap tokens and participate in yield farming while retaining ownership of their assets.

Additionally, Shiba Inu launched its Layer 2 blockchain, Shibarium, which quickly processed over 1 million transactions upon its debut, demonstrating the project's evolution and expansion of utility.

The listing on Nexo signifies the beginning of the next phase in SHIB's roadmap and provides an opportunity for other meme coins to access the platform. Despite the announcement made in April, the listing became live only recently. However, Shiba Inu continues to face challenges in terms of performance, with the meme coin currently trading at 0.00002307 dollars, reflecting a 2.21% decline in the past 24 hours.

Although Shiba Inu has experienced fluctuations, gaining 4.31% in value over the past week while witnessing an 18.20% decline in the past month, partnerships like the one with Nexo are anticipated to bolster the meme token's price in the upcoming weeks.