Shido DEX Breaks $2M Barrier as Memes and Utility Tokens Drive Growth
The Shido Network continues to gain momentum across the DeFi landscape, with its native DEX showing strong growth in both the meme token and utility token sectors.
According to the latest data from DEXHub, the combined market cap of these two categories on Shido DEX has recently surpassed $2.1 million, reflecting rising activity and investor confidence within the ecosystem.
The figures tell the story:
- đź’Ž Memes: +$1,16M
- ⚙️ Utility Tokens: +$950K
On the meme side, community-driven tokens continue to attract attention and liquidity. Kensei leads with around $720K in market cap, followed by MSMoon at approximately $88K, both contributing significantly to the growing meme economy within the Shido Network.
Meanwhile, among utility tokens, SHDX stands out as the frontrunner with roughly $680K, while ShidoKid follows with around $250K — together showcasing the functional and developmental strength of the network’s utility segment.
This balance between memes and utility has become one of the most defining traits of Shido Network’s evolution. The coexistence of energetic community projects and technology-oriented tokens illustrates an ecosystem that’s maturing while retaining its creative and decentralized roots.
With new projects on the way, expanding liquidity pools, and upcoming integrations expected to further enhance the DEX, Shido Network continues to solidify its position as a space where entertainment and financial innovation go hand in hand — a reflection of the next generation of decentralized finance.
đź“Š Source: DEXHub
đź•’ Data verified at the time of publication