Details about Wrapped Shiden Network cryptocurrency
€10,678
1
Unknown
https://shiden.astar.network/
@ShidenNetwork
Wrapped Shiden Network price charts
SDN exchanges
Wrapped Shiden Network, the crypto
Wrapped Shiden Network (SDN) is a token that represents Shiden Network's native token, SDN, on other blockchains. It is an ERC-20 token and can be used on Ethereum-based decentralized exchanges and other DeFi protocols. Through wrapping SDN, users can gain access to liquidity and other services on different blockchains.
The point
The main point of Wrapped Shiden Network (SDN) is to enable interoperability between different blockchains, allowing users to move their assets seamlessly between different networks. By wrapping SDN, users can access liquidity and other services on a variety of decentralized finance (DeFi) protocols that operate on Ethereum.
The problem
Wrapped Shiden Network (SDN) tries to solve the problem of interoperability between different blockchains. By wrapping SDN, the native token of Shiden Network, into an ERC-20 token, users can easily move their tokens between different networks and use them for different purposes on different DeFi protocols. This increases the overall liquidity of SDN and enables greater adoption and use cases for the token across different blockchains.
Compare SDN and BTC performance
| Timeframe | SDN | BTC |
|---|---|---|
| 1h change | 4.63292 % | 0.175774 % |
| 24h change | 5.18 % | 5.35743 % |
| 7 day change | -22.05 % | -8.58521 % |
| 14 day change | -16.81 % | -1.97993 % |
| 30 day change | -17.12 % | 4.77947 % |
| 200 day change | 8.84 % | 126.701 % |
| Year change | -38.78 % | 126.776 % |