Shido Network: Momentum, Metrics, and What’s Next
As anticipation builds around the upcoming Tera Upgrade, Shido continues to show steady, measurable growth across its ecosystem. While upgrades often steal the spotlight, the real signal lies in the numbers — and Shido’s on-chain data already reflects a network gaining traction.
The Current State of Shido
Since mainnet launch in April 2024, Shido has evolved from a promising concept to a functioning, multi-faceted Layer 1 network.
Key on-chain data on EVM layer (October 2025):
- 22M+ blocks
- 22K+ unique addresses
- ~700K total transactions
- ~5K average daily transactions
- 1.2K+ deployed smart contracts
- 346 tokens created
- Shido DEX TVL: ≈ $600K
- Staking TVL: ≈ $500K
- Market Cap: ≈ $5M
These metrics place Shido in a promising early-stage position — not just as another chain, but as an ecosystem actively expanding in usage, liquidity, and developer participation.
The Token Economy: Early Leaders Emerging
Despite being less than two years into its mainnet life, Shido’s native ecosystem tokens are beginning to form their own internal market hierarchy.
|
Token |
Est. Market Cap (USD) |
Role / Focus |
|
Kensei |
~800K |
Community-driven memecoin project |
|
SHDX |
~700K |
Shido DEX governance & rewards token |
|
ShidoKid |
~250K |
Utility Project |
|
(Others) |
50K–200K range |
Smaller dApps and experimental projects |
The gap between the leaders and smaller tokens is typical of a young ecosystem — but the important takeaway is that value is beginning to cluster around key projects, a signal of early organic traction.
3-Year Network & Market Outlook
With both network fundamentals and token liquidity growing, here’s a projection for the next three years, assuming Shido maintains steady ecosystem development, listings, and adoption momentum.
|
Metric |
Conservative |
Moderate |
Ambitious |
|
Daily Transactions by 2028 |
7K–9K |
13K–17K |
25K–35K+ |
|
Total Transactions (added) |
8–10M |
12–15M |
18–22M |
|
Unique Addresses |
40K–60K |
70K–100K |
120K–180K |
|
Smart Contracts |
2K–3K |
4K–6K |
8K–12K |
|
Tokens Listed |
500–800 |
1K–1.5K |
2K+ |
|
DEX TVL |
~$1M |
~$3–5M |
~$10M+ |
|
Staking TVL |
~$1M |
~$3M |
~$8–10M+ |
|
Ecosystem Market Cap |
~$10–15M |
~$30–50M |
~$100M+ |
Even the moderate path implies significant upside: a maturing ecosystem with several million more transactions, a healthy DeFi layer, and strong liquidity in both staking and DEX activity.
Key Drivers to Watch
- Post-Tera Execution — Smooth rollout and visible improvement in performance will define investor confidence.
- Developer Expansion — Continued onboarding of builders through open-source tooling, SDKs, and community-driven collaboration can fuel ecosystem growth.
- Token Utility — Expanding SHDX and Shido’s own use cases beyond trading will be crucial for sustained value.
- Partnerships & Gateway Adoption — Strengthening integrations through Shido Gateway, the network’s native bridge for assets like USDC from Ethereum, BSC, and other chains, will be a major catalyst for liquidity and user inflow.
- Community Strength — The growing Shido community remains one of its greatest assets — active, vocal, and early.
The Bottom Line
Shido’s numbers tell a story of momentum before the spotlight. With over half a million dollars already staked, a growing DEX base, and early tokens like Kensei, SHDX, and ShidoKid showing healthy market traction, the foundation is strong.
If the next phase of upgrades and ecosystem programs execute smoothly, Shido could transition from a “promising new L1” to a solid, liquid, and widely-used network by 2028 — one with measurable on-chain activity and a sustainable economy built from the ground up.
The story is still early — but the trajectory looks unmistakably upward.