About Shiden Network
Shiden Network (SDN) is a cryptocurrency launched in 2021. Shiden Network has a current supply of 86,446,148.45810308 with 66,512,654.56729206 in circulation. The last known price of Shiden Network is 0.05855199 USD and is down -0.69 over the last 24 hours. It is currently trading on 26 active market(s) with $13,234.88 traded over the last 24 hours. More information can be found at
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Trading Insights
Searched
2
Market Stats
Market Cap
S$5.21M
FDV
S$6.77M
Circ. Supply
67M SDN
Max Supply
Not enough data
Total Supply
86M SDN
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
S$12.25K
9.4%
Volume (7D)
S$90.25K
Volume (30D)
S$364.45K
All time high
S$9.56
Price Change (1Y)
-70.97%
Additional info about Shiden Network
Recent trends
The latest SDN price is S$0.0783. Compared to Shiden Network's value of S$0.08 from 24 hours ago, there's been a 1% increase, while the current price is 9% up from S$0.07 which was recorded one week ago. Shiden Network's all time high is S$9.56, which was reached on September 13, 2021. This is a -99% change from its price today.
The market cap is currently S$5.21M, which is a result of multiplying the current price of Shiden Network(S$0.08) by the total supply(86,458,998 SDN). The fully diluted valuation of Shiden Network is S$6.77M. The diluted valuation of Shiden Network is S$6.77M.
Market details
SDN vs markets
↘ 78.21%
SDN vs BTC
↘ 80.99%
SDN vs ETH
↘ 57.62%
Tags
defi
interoperability
smart-contracts
polkadot
Network & Addresses
Network | Address |
|---|
Price history
Time | Price | Change |
|---|---|---|
Today | S$0.0783 | ↗ 1.12% |
1 Day | S$0.0774 | ↗ 1.12% |
1 Week | S$0.0722 | ↗ 8.64% |
1 Month | S$0.0779 | ↗ 1.44% |
1 Year | S$0.28 | ↘ 70.97% |
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.
We update our Shiden Network to SGD currency in real-time. Get the live price of Shiden Network on Coinbase.
The current market cap of Shiden Network is S$5.21M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Shiden Network is S$9.56. This all-time high is highest price paid for Shiden Network since it was launched.
Over the last 24 hours, the trading volume of Shiden Network is S$12.25K.
Assets that have a similar market cap to Shiden Network include Baanx, OpenGPU, Frodo the virtual samurai, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Shiden Network is 67 million.
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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.
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