Share this article
Former Boxing Champ Manny Pacquiao’s Foundation Will Use Shibarium for Its Operations
The charitable foundation established by the eight-time WBC champion will use the Shibarium blockchain to optimize fundraising, distribution, and other operations.
Updated Nov 15, 2023, 4:44 p.m. Published Nov 15, 2023, 10:34 a.m.
ecosystem’s upstart blockchain Shibarium will be used by the Manny Pacquaio Foundation for fundraising and operational activities starting Wednesday; developers told CoinDesk in a release.
The Manny Pacquiao Foundation is a California 501 (c)(3) nonprofit led by its namesake, eight-division World Boxing Champion and former Philippine Senator Emmanuel (Manny) Pacquiao. MPF has been accepting SHIB on its website since 2021.
STORY CONTINUES BELOW
“The Pacquiao Foundation is dedicated to fighting for those in need around the world and has already done so for more than a million people requiring urgent assistance,” said Jon Sisson, Executive Director of the Manny Pacquiao Foundation, in a statement to CoinDesk. “Shibarium will allow us to continue this good work while scaling up operations to help millions more.”
Shibarium is a layer 2 blockchain built on Ethereum that allows users to cheaply transact on the network. Layer 2’s are off-chain applications built on top of a ‘base’ blockchain; these applications are typically faster with reduced bottlenecks.
Shibarium suffered a botched launch in August but has since recovered and processed thousands of transactions each day, data shows.
The Shiba Inu ecosystem has been vying to become a serious decentralized finance (DeFi) contender. Its popular SHIB token, themed after the Shiba Inu dog breed and inspired by , was issued in August 2020. It quickly became one of the largest meme coins by market capitalization.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Most Influential: Jesse Pollak
Base, the layer-2 network incubated by Coinbase, exploded in popularity this year.
Top Stories
