Price change (24h):
9.79%
High (24h):
$0.00010078
Low (24h):
$0.00008768
Volume (24h):
$452.53
Market Cap:
$179.48K
All Time High:
98.75% $0.01
Mar 6, 2024
All Time Low:
29% $0.00
Nov 26, 2025
55.19 %(1Y)
$0.00009048
Price change (24h):
9.79%
High (24h):
$0.00010078
Low (24h):
$0.00008768
Volume (24h):
$452.53
Market Cap:
$179.48K
All Time High:
98.75% $0.01
Mar 6, 2024
All Time Low:
29% $0.00
Nov 26, 2025
Treat (TREAT) is a cryptocurrency launched in 2023. It occupies a niche within the sprawling Shiba Inu Ecosystem, categorized broadly as a meme token operating on Ethereum.
The asset powers the liquidity infrastructure for the forthcoming SHI stablecoin while simultaneously replacing BONE as the native reward token on ShibSwap. This restructuring of incentives addresses the fragmented reward distribution that plagued earlier iterations of the decentralized exchange. Beyond swaps, the token extends its utility into the Shiba Metaverse and a blockchain-based collectible card game, creating a unified economic layer across disparate ecosystem products.
Treat operates on the Ethereum network. As an ERC-20 contract, it inherits the security and finality guarantees of Ethereum’s execution layer without introducing a separate consensus mechanism. The token’s presence on this chain anchors it firmly within the deep liquidity corridors of decentralized finance.
The token adheres to the ERC-20 standard under contract address 0xfbd5fd3f85e9f4c5e8b40eec9f8b8ab1caaa146b. Launched on January 13, 2023, it surfaced at a time when meme assets were pivoting toward tangible utility to sustain relevance. No native blockchain exists; every transfer, delegation, or reward distribution settles on Ethereum’s mainnet.
Ryoshi, the enigmatic founder of Shiba Inu, conceived TREAT as the final piece in a five-token architecture that includes SHIB, LEASH, BONE, and SHI. The token’s unveiling in early 2023 marked a deliberate departure from simple meme dynamics, embedding it into the ecosystem’s financial plumbing. Early community discourse framed TREAT as the connective tissue that would bind Shiba Inu’s decentralized exchange, stablecoin, and immersive virtual environments into a coherent value network.
The project’s long-term objective centers on enabling a fully self-contained economy where value exchange occurs without reliance on external stablecoins or reward structures. By internalizing the incentive layer, the Shiba Inu Ecosystem aims to reduce leakage of value to third-party tokens and create a closed-loop flywheel. That vision positions TREAT not as a speculative vehicle but as the operational gas powering an expansive digital nation-state.
Mechanically, TREAT tokens flow into liquidity pools paired with SHI to maintain dollar-peg stability through arbitrage incentives. On ShibSwap, liquidity providers receive TREAT emissions in place of BONE, reweighting the protocol’s incentive architecture. Metaverse landowners and card game players earn periodic distributions, transforming engagement into a yield-bearing activity without inflating BONE’s supply schedule.
ShibSwap liquidity providers stake LP tokens in designated farms to earn TREAT, bypassing the previous BONE reward schedule entirely. Metaverse participants who stake land plots or complete in-game quests collect TREAT allocations as activity incentives. Card game enthusiasts accumulate the token through ranked matches and tournaments, which can then be channeled into governance votes on game mechanics.
Treat has a maximum supply of 3,333,333,333 tokens. Currently, 1,983,806,492.68 are in circulation. With a market capitalization of $273,954, Treat ranks #4,411 among all cryptocurrencies.
| Date | Open | Close | High | Low |
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| 10/07/2026 | $0.00 | $0.00 | $0.00 | $0.00 |
| 09/07/2026 | $0.00 | $0.00 | $0.00 | $0.00 |
| 08/07/2026 | $0.00 | $0.00 | $0.00 | $0.00 |
| 07/07/2026 | $0.00 | $0.00 | $0.00 | $0.00 |
| 06/07/2026 | $0.00 | $0.00 | $0.00 | $0.00 |
| 05/07/2026 | $0.00 | $0.00 | $0.00 | $0.00 |
| 04/07/2026 | $0.00 | $0.00 | $0.00 | $0.00 |
| 03/07/2026 | $0.00 | $0.00 | $0.00 | $0.00 |
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