About Shiden Network
Market Stats
Market Cap
$4,634,224.75
FDV
No data
Circulating Supply
65,601,912.673 SDN
Max Supply
No data
Total Supply
86,063,575.79 SDN
Hold Time
No data
Performance
Popularity
No data
Dominance
0%
Volume (24H)
$80,173.51
-0.12%
All time high
$7.41
Additional info about Shiden Network
Networks and details
The price of Shiden Network has increased by 0.01% in the last hour and increased by 1.02% in the past 24 hours. Shiden Network’s price has also fallen by 9.84% in the past week. The current price is $0.0706 per SDN with a 24-hour trading volume of $80.17K. Currently, Shiden Network is valued at 99.05% 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 65,601,912.673 SDN which means that Shiden Network has as total market cap of $4,634,224.75.
Price history
Today | $0.0706 | ↗ 1.02% |
1 Day | $0.0699 | ↗ 1.02% |
1 Week | $0.0783 | ↘ 9.84% |
1 Month | $0.0935 | ↘ 24.41% |
1 Year | $0.37 | ↘ 80.96% |
Market details
Performance against other markets | ↘ 81.5% |
Performance against BTC | ↘ 84.37% |
Performance against ETH | ↘ 63.21% |
Performance in the past year | ↘ 80.96% |
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 USD currency in real-time. Get the live price of Shiden Network on Coinbase.
The current market cap of Shiden Network is $4.63M. A high market cap implies that the asset is highly valued by the market.
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.
Over the last 24 hours, the trading volume of Shiden Network is $80.17K.
Assets that have a similar market cap to Shiden Network include BTSE Token, Eesee, Project WITH, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Shiden Network is 66 million.
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Social stats
Popularity in posts
#4762
Contributors
6
Posts
602,417
% About Shiden Network
0.001%
Hold times
0 days
X (Twitter)
28.57% bullish
Sentiment
2 ★
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.
Highlights
6 unique individuals are talking about Shiden Network and it is ranked #4,762 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 2 out of 5. Finally, Shiden Network is becoming more newsworthy, with 0 news articles published about Shiden Network. This is a 0% increase in news volume compared to yesterday.
On Twitter, people are mostly neutral about Shiden Network. There were 28.57% of tweets with bullish sentiment compared to 28.57% of tweets with a bearish sentiment about Shiden Network. 42.86% of tweets were neutral about Shiden Network. These sentiments are based on 7 tweets.
On Reddit, Shiden Network was mentioned in 0 Reddit posts and there were 0 comments about Shiden Network. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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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.