Shiden NetworkPrice

(SDN)

Shiden Network is a Layer 1 blockchain and smart contract hub serving as the "canary network" for Astar Network on the Kusama blockchain. It provides a live environment with real economic value where developers can test new features, such as ZK-Rollups and advanced staking mechanisms, before they are deployed to Astar. Unlike a standard testnet, Shiden uses the SDN token, which has utility within its active ecosystem of decentralized applications and users.

The fundamental difference lies in their underlying relay chains: Shiden is a parachain on Kusama, while Astar is a parachain on Polkadot. Shiden is designed for rapid innovation, experimentation, and early-stage deployment. In contrast, Astar serves as the stable, high-value production environment. While Shiden allows for faster updates and testing in a real-world setting, both networks remain interoperable and share similar core technologies as part of the broader Astar ecosystem.

dApp Staking is a signature feature of Shiden that allows users to stake their SDN tokens directly on specific decentralized applications (dApps) rather than just on validators. This creates a "basic income" model for developers, who receive a portion of the block rewards to fund their projects. In return, stakers also earn rewards. Under dApp Staking V3, the minimum requirement is typically 50 SDN to stake, and users are encouraged to be active by periodically voting or claiming rewards to maximize their returns.

The SDN token serves multiple purposes: it is used to pay transaction fees (gas), participate in dApp Staking to support developers, and engage in governance by voting on network upgrades or treasury proposals. Developers also use SDN as deposits for Layer 2 solutions. To maintain its ecosystem value, Shiden employs deflationary mechanisms, including burning 100% of transaction fees, a portion of the treasury every quarter, and unclaimed rewards from delisted dApps.

Shiden is undergoing significant architectural shifts, most notably the transition to "Agile Coretime." This moves the network away from the traditional parachain auction model toward a system where block space is purchased on-demand, increasing capital efficiency. Additionally, the "Asset Hub Migration" planned for late 2025 will move key functions like staking and governance to the Kusama Asset Hub. This upgrade aims to reduce transaction fees by up to 90% and improve cross-chain interoperability for assets like stablecoins.

Shiden is compatible with various Polkadot-ecosystem wallets, including Talisman, SubWallet, and Nova Wallet. Since it is EVM-compatible, users can also access the network via MetaMask by adding the Shiden Network RPC settings. For security, users should be aware that official team members will never send direct messages first regarding airdrops or support. To avoid phishing scams, always verify links through official domains and use secure exchange platforms like LBank for managing your assets.