About Shiden Network
Shiden Network (SDN) is a cryptocurrency launched in 2021. Shiden Network has a current supply of 87,377,251.70710599 with 68,098,623.41107246 in circulation. The last known price of Shiden Network is 0.02876529 USD and is up 6.55 over the last 24 hours. It is currently trading on 26 active market(s) with $23,380.73 traded over the last 24 hours.
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Market Stats
Market Cap
A$2.63M
FDV
A$3.37M
Circ. Supply
68M SDN
Max Supply
Not enough data
Total Supply
87M SDN
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
A$10.21K
29.63%
Volume (7D)
A$133.51K
Volume (30D)
A$449.01K
All time high
A$11.19
Price Change (1Y)
Not enough data
83.9%
Additional details
Market details
SDN vs markets
↘ 82.55%
SDN vs BTC
↘ 82.82%
SDN vs ETH
↘ 81.81%
Tags
defi
interoperability
smart-contracts
polkadot
Network & Addresses
Network | Address |
|---|
Price history
Time | Price | Change |
|---|---|---|
Today | A$0.0386 | |
1 Day | A$0.0414 | |
1 Week | A$0.0404 | |
1 Month | A$0.0303 | |
1 Year | A$0.26 |
FAQ
Shiden Network (SDN) is a smart contract network for decentralized application (DApp) layer built on the Kusama Network that supports multiple blockchains. By design, Kusama doesn’t support smart contract functionalities. Shiden is designed to accommodate "layer 2" solutions- supplementary frameworks built on top of current blockchains to enhance the transaction speeds and scalability of the network.
As mentioned on the platform’s website, Shiden aims to work as a parachain on Kusama. Parachains are user-generated blockchains that are connected to Kusama's Relay Chain, the network's main blockchain. Kusama's shared security, consensus, and transaction settlements are all handled via the Relay Chain.
In addition, Shiden has a test network called Shibuya that behaves quite similar to the Shiden. Shibuya is connected to the network’s own relay chain. Any new features incorporated in the network are first tested on Shibuya before deploying them on Shiden. In this way, users can test their smart contracts on Shibuya before deploying them on Shiden to verify functionality.
The native token of the Shiden network is represented as ‘SDN.’ Users need to pay in SDN for executing transactions and deploying smart contracts on the network. SDN token holders are permitted to stake their tokens on dApps of their choice to earn SDN tokens. This helps both nominators as well as the dApp developers to earn the SDN tokens.
The Shiden Network was developed under Stake Technologies Pte. Ltd in 2020. Sota Watanabe is the founder as well as CEO of the network.
Shiden Network is Astar network’s canary network, an operational blockchain network having a limited token supply, which is used to test features for a linked mainnet. Astar started its journey in 2019 as Plasm Network.
The maximum total supply of SDN tokens is capped at 70,000,000 SDN.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Social stats
Popularity in posts
#3016
Contributors
8
Posts
8
% About Shiden Network
0.003%
Articles
0
X (Twitter)
81.82% bullish
Sentiment
5.0 ★
Highlights
8 unique individuals are talking about Shiden Network and it is ranked #3,016 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Shiden Network has an average sentiment score of 5.0 out of 5. Finally, Shiden Network is becoming less newsworthy, with 0 news articles published about Shiden Network.
On Twitter, people are mostly bullish about Shiden Network. There were 84.91% of tweets with bullish sentiment compared to 3.77% of tweets with a bearish sentiment about Shiden Network. 15.09% of tweets were neutral about Shiden Network. These sentiments are based on 55 tweets.
On Reddit, Shiden Network was mentioned in 0 Reddit posts and there were 0 comments about Shiden Network. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.