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Shiden Network

SDN

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About Shiden Network

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.

Market

Market stats

Market cap

$16.2M

Volume (24h)

$428,711.30

Circulating supply

65.0M SDN

All time high

$7.41

Price change (1h)

+0.7%

Price change (24h)

-4.73%

Price change (7d)

+9.09%

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Coinbase Bytes

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Shiden Network is on the rise this week.

The price of Shiden Network has increased by 0.70% in the last hour and decreased by 4.73% in the past 24 hours. Shiden Network’s price has also risen by 9.09% in the past week. The current price is $0.25 per SDN with a 24-hour trading volume of $428.71K. Currently, Shiden Network is valued at 96.64% below its all time high of $7.41. This all-time high was the highest price paid for Shiden Network since its launch.

The current circulating supply of Shiden Network is 65,010,793.246 SDN which means that Shiden Network has as total market cap of 65,010,793.246.

FAQ

What is the current price of Shiden Network?

We update our Shiden Network to USD currency in real-time. Get the live price of Shiden Network on Coinbase.

What is the market cap of Shiden Network?

The current market cap of Shiden Network is $16.20M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Shiden Network?

The all-time high of Shiden Network is $7.41. This all-time high is highest price paid for Shiden Network since it was launched.

What is the 24 hour trading volume of Shiden Network?

Over the last 24 hours, the trading volume of Shiden Network is $428.71K.

What other assets are similar to Shiden Network?

Assets that have a similar market cap to Shiden Network include Hacken Token, Klever, Petals, and many others. To see a full list, see our comparable market cap assets.

How many Shiden Network are there?

The current circulating supply of Shiden Network is 65 million.

Can I buy Shiden Network on Coinbase?

No, Shiden Network is not currently available on Coinbase, but you can sign up to get the latest news on Shiden Network and be notified when it gets added to our exchange.

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