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Shiba Inu (SHIB) suffered a similar fate to other cryptocurrencies in 2022, experiencing a steep pullback during the crypto winter of that year. Despite this, the meme currency managed to remain in the spotlight, with some developments taking place. 

However, it has struggled to gain bullish momentum.

SHIB’s Major Developments In 2022

In April 2022, Shiba Inu announced the Shiba Inu Metaverse, which featured Shiba Lands open for public purchase. 

The project’s goal was to utilize the entire Shiba network, including its tokens SHIB, LEASH, and BONE. In February, Shiba Inu launched DOGGY DAO on ShibaSwap to move the network towards decentralization.