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View ChartShiden Network (SDN) is a multi-chain decentralized application layer built on the Kusama Network. The Kusama Relaychain does not support smart contract functionality by design, and Shiden Network fills this gap by providing a smart contract layer for the Kusama ecosystem. The platform natively supports Ethereum Virtual Machine (EVM) and WebAssembly (WASM), along with Layer2 solutions from day one, enabling developers to build applications such as DeFi, NFTs, and more. Shiden Network describes itself as a "Multi Chain dApp Hub on Kusama" and a "Smart Contract Platform Natively Supporting Ethereum Virtual Machine and WebAssembly." It is often referred to as the canary network for the future of smart contracts, acting as an R&D chain of Plasm Network and a sister network to Astar Network. The native utility token SDN facilitates transactions, governance, and staking within the ecosystem. The total supply of SDN is approximately 88.25 million tokens, with a circulating supply of around 69.23 million. Shiden Network launched in August 2021 and operates as a parachain on Kusama.
Shiden Network was founded by Sota Watanabe, who serves as the Founder and CEO. The project was developed under Stake Technologies Pte. Ltd in 2020. Shiden Network is closely associated with Astar Network, functioning as Astar's canary network on Kusama. The project maintains an active presence on community platforms including Twitter, Discord, and Telegram, underscoring its engaged user base. The official website references sections for Backers and Supporters, indicating backing from various entities within the blockchain ecosystem.
Shiden Network operates as a multi-chain decentralized application layer on the Kusama Network, utilizing a Nominated Proof of Stake (NPoS) consensus mechanism. The platform natively supports both Ethereum Virtual Machine (EVM) and WebAssembly (WASM), allowing developers to write and deploy smart contracts using Solidity or other compatible languages. EVM compatibility ensures developers can easily migrate existing Ethereum-based dApps to Shiden without rewriting significant portions of their code. WebAssembly support provides a binary instruction format for enhanced performance and flexibility. Layer2 solutions are supported from day one to address scalability issues. The network is building bridges to various blockchains including Ethereum, Secret Network, and Cosmos, ensuring interoperability and scalability. For deploying dApps, developers can choose between EVM or WASM, compile their contracts, test on the Dusty Network testnet, and then deploy on Shiden. The Dusty Network serves as Shiden's testnet for deploying and testing contracts before mainnet deployment.
Shiden Network distinguishes itself through several key features. As a canary network on Kusama, it serves as an R&D chain for Plasm Network and a sister network to Astar Network, allowing for testing and refining innovations before deployment on more stable networks. The platform's native support for both EVM and WASM from day one provides developers with flexibility in choosing their development environment. Its multi-chain architecture and bridges to various blockchains including Ethereum, Secret Network, and Cosmos ensure interoperability and scalability. The "Basic Income for Developers" model allows SDN token holders to stake their tokens on favorite dApps, enabling both nominators and dApp developers to earn SDN tokens. This creates a sustainable incentive structure for ecosystem growth. Shiden Network's integration with Kusama allows it to leverage Kusama's robust infrastructure while providing a specialized environment for decentralized applications. The platform supports various applications including DeFi and NFTs, positioning it as a versatile smart contract platform within the Kusama ecosystem.
SDN is the native cryptocurrency and utility token of Shiden Network, playing a vital role in the ecosystem. It facilitates transactions, governance, and staking within the network. SDN token holders can stake their tokens on favorite dApps so that both nominators and the dApp developer can earn SDN tokens, creating a dual-reward mechanism. The token is used for governance purposes, allowing holders to participate in decision-making processes regarding the network's future. SDN also serves as the medium for transaction fees on the network, with each transaction requiring a small network fee paid to validators or miners who process and confirm transfers. Network fees vary depending on blockchain congestion. Additionally, SDN is used in crowdloan campaigns during Kusama Parachain auctions, where KSM token holders can stake KSM tokens to earn SDN tokens as rewards. PLM token holders can also claim SDN tokens. The token is traded on various exchange pairs including SDN/BTC, SDN/ETH, SDN/USDT, and others.
The Shiden Network ecosystem continues to develop through various initiatives and partnerships. The platform supports DeFi, NFTs, and other application types, with bridges being built to various blockchains including Ethereum, Secret Network, and Cosmos. Developer incentives through the "Basic Income for Developers" model encourage participation and growth. The ecosystem includes the wrapped version of Shiden Network (WSDN), which has its own tokenomics and price data. During a Kusama Parachain auction, Shiden conducted a crowdloan campaign allowing KSM token holders to stake KSM tokens and earn SDN tokens as rewards. A roadmap milestone included the distribution of SDN tokens to all crowdloan participants. In October 2025, Astar Network confirmed that Shiden would undergo a major infrastructure upgrade as part of the Kusama Asset Hub Migration. The project has been listed on various exchanges, and educational content about the network has been published over time. The network's strong community presence on platforms like Twitter and Discord underscores its active and engaged user base.
Shiden Network does not use traditional mining. Instead, it operates on a Nominated Proof of Stake (NPoS) consensus mechanism. In this system, SDN token holders can participate by staking their tokens on favorite dApps, which allows both nominators and the dApp developers to earn SDN tokens. This staking mechanism serves as the primary way to earn rewards within the network. Token holders can also participate in governance and help secure the network through their staking activities. During Kusama Parachain auctions, KSM token holders can stake KSM tokens through crowdloan campaigns to earn SDN tokens as rewards. The process involves unbonding KSM tokens via Polkadot.js or centralized exchanges that support Kusama Auction, then joining the active crowdloan or auction. Additionally, PLM token holders can claim SDN tokens. Each transaction on the network requires a small network fee paid to validators or miners who process and confirm the transfer, with fees varying based on network congestion.
Keeping your SDN tokens safe requires following established security practices for cryptocurrency storage. Use reputable wallets that support SDN and the Kusama ecosystem, and always verify the authenticity of any wallet or platform before use. Enable two-factor authentication where available and never share your private keys or seed phrases with anyone. For long-term storage, consider using hardware wallets that support the Kusama network and its parachains. When participating in staking or crowdloans, ensure you are using official platforms and verify contract addresses carefully. Be aware that SDN is a volatile digital asset and can lose value rapidly. Always do your own research (DYOR) before making any investment decisions. Keep your software and wallets updated to the latest versions to protect against known vulnerabilities. When trading SDN, use trusted platforms and be cautious of phishing attempts or fake websites. Remember that each transaction requires a small network fee, and network fees vary depending on blockchain congestion. Store your seed phrase in a secure, offline location and consider using multiple backup methods to prevent loss of access to your funds.
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Thank you for your interest in BTCC. Currently, spot and futures trading services for SDN are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.
As of right now, the live price of Shiden Network (SDN) is ₹0.701528. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated SDN to USD rate at the top of BTCC’s price page. In terms of market scope, Shiden Network records a 24h trading volume of ₹0 (reflecting total buying and selling activity over the last 24 hours), with a total market cap of ₹4.842346Cr. Its current circulating supply stands at 6.9Cr out of a maximum supply cap of ∞.
The price volatility of Shiden Network (SDN) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as RBI or US Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (6.9Cr) to max supply (∞), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, Shiden Network (SDN) hit an all-time high (ATH) of ₹810.281611 on 2021-09-11 16:30, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at ₹0.402611 on 2026-05-18 12:40. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading SDN futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume (₹0), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s SDNUSDT perpetual contracts support two-way trading. If you anticipate a price decline for Shiden Network, simply log into your BTCC account with USDT margin available, navigate to the SDNUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for SDNUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: ₹0.701528), you can practice opening/closing positions, adjusting leverage, and setting TP/SL for SDNUSDT with zero financial risk.
Trading Shiden Network (SDN) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for SDNUSDT, and review its live price (₹0.701528) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.
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