Shiden Network (SDN) is the 582nd largest cryptocurrency in the world by market cap, valued at $20,906,931. The current price of Shiden Network is $0.3614611, which is -2.167% lower than yesterday. Prices have ranged between $0.395864 and $0.362613 over the past 24 hours. All prices are listed in US dollars and accurate as of March 25, 2023 09:03 UTC.
Shiden Network price chart
Price over the past month
What is Shiden Network?
The Shiden Network is a smart contract network developed within the Kusama layer-0 network. Working as a canary network for Polkadot, Kusama acts as an experimental layer-0 network for projects to test smart contract capability.
Within that framework, the Shiden Network is designed as the experimental version of Astar (formally Plasm), which is Shiden Network’s equivalent within the Polkadot ecosystem.
According to the project’s website, Astar is focused on offering scalable and interoperable smart contract capabilities to the Polkadot developers. With the smart contract capabilities offered, Aster and the Shiden Network hope to facilitate the next wave of Web 3.0 decentralized applications (dApps) within the industry. The Shiden Network can be used as a testing ground for all dApps developers that are looking to launch an application within the Polkadot ecosystem. Shiden supports Ethereum Virtual Machine compatibility, WebAssembly, and layer-2 solutions so that dApps can remain scalable. In addition to smart contracts, the Shiden Network is also multi-chain and can interact with Ethereum, Cosmos, and the Secret Network.
SDN is the native utility token of the Shiden Network. The SDN token can be staked within dApps for block rewards, staked within validator nodes that support the network, and is required for all smart contract transactions that are processed. The token is also used for on-chain governance, whereby token holders are eligible to vote on the future development of the project.
How we keep this Shiden Network guide up-to-date
- SDN price data is regularly updated through data feeds so you always have the latest information.
- Shiden Network performance data is regularly updated using automated comparisons and AI systems built by our technical experts Zak Killermann and Helen Hu.
Shiden Network at a glance
Basic stats for Shiden Network
#582
$21 M
79 M
60 M
Shiden Network news
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Shiden Network performance over time
Shiden Network fundamental and technical analysis
Time frame
Movement
1 day
2.17%
1 week
7.96%
1 month
28.77%
2 months
11.44%
200 days
12.06%
1 year
52.66%
Social activity for Shiden Network
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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