Shiba Inu Breaks Barriers as First Meme Coin in Cross-Chain Lending

Shiba Inu (SHIB) has now become the first meme coin to be listed on Folks Finance, a cross-chain decentralized finance (DeFi) protocol, enabling lending and borrowing of SHIB tokens across multiple blockchains. This development was facilitated by Chainlink’s Cross-Chain Interoperability Protocol (CCIP), which allows for secure and seamless token transfers between different blockchain networks. The integration marks a significant milestone for SHIB, as it introduces new utility beyond its traditional role as a meme token. Folks Finance has labeled SHIB as “the first memecoin with cross-chain lending markets,” emphasizing the expanded opportunities for holders to earn yield or use their tokens as collateral across various chains.

The SHIB integration on Folks Finance enables users to deposit SHIB tokens to earn interest or use them as collateral to borrow other assets. According to the platform, this functionality is made possible by Chainlink’s CCIP, which helps unify liquidity pools and streamline cross-chain operations. By eliminating the fragmentation of SHIB’s liquidity across different blockchains, Folks Finance aims to enhance the token’s utility and accessibility. Users are currently incentivized to deposit SHIB, with an annual percentage yield (APY) of 10.93% available. As of now, around $25,000 worth of SHIB has been supplied as liquidity, with approximately $2,000 used as collateral for borrowing.

This move follows earlier collaborations between Shiba Inu and Chainlink, which previously enabled SHIB and other ecosystem tokens such as Bone ShibaSwap (BONE) to operate across 12 different blockchains, including Optimism, Polygon, and Arbitrum. The recent integration further solidifies SHIB’s presence in the DeFi space, offering holders greater flexibility in managing their assets. Shiba Inu’s ecosystem team has expressed enthusiasm for the development, highlighting its potential to attract a broader user base and improve the token’s adoption.

Despite the functional expansion, SHIB’s price performance has remained mixed. At the time of writing, SHIB was trading at $0.00001236, representing a 0.67% increase in the last 24 hours. However, the token has experienced a 41% decline year-to-date. The burn rate, a key metric for SHIB, also showed only a modest increase of 2.63% in the last 24 hours, with 71,685 SHIB tokens burned from circulation. This relatively low burn activity suggests limited short-term impact from the integration on the token’s circulating supply.

The integration of SHIB with Folks Finance comes at a time when the token’s adoption is on the rise. For instance, Valour, a leading ETF issuer, recently launched a Shiba Inu-focused exchange-traded product in four European markets. These developments indicate growing institutional and retail interest in SHIB, potentially enhancing its market visibility and utility. With continued support from Chainlink and DeFi platforms like Folks Finance, SHIB is poised to further integrate into the broader decentralized finance ecosystem, offering its holders a wider range of financial tools and opportunities.

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[1] Shiba Inu Token Now Eligible For Cross-Chain Lending ... (https://www.benzinga.com/crypto/cryptocurrency/25/09/47465409/shiba-inu-token-now-eligible-for-cross-chain-lending-borrowing-supported-by-chainlink)

[2] Chainlink Folks Finance Adopts Shiba Inu in Cross-Chain ... (https://thecryptobasic.com/2025/09/03/chainlink-folks-finance-adopts-shiba-inu-in-cross-chain-lending-markets/)

[3] Shiba Inu Token Now Supports Cross-Chain Lending and ... (https://intellectia.ai/news/stock/shiba-inu-token-now-eligible-for-crosschain-lending-borrowing-supported-by-chainlink)

[4] Shiba Inu Now on Folks Finance: First Memecoin with ... (https://news.shib.io/2025/09/02/shiba-inu-now-on-folks-finance-first-memecoin-with-cross-chain-lending/)