Shiden Network

Shiden Network (SDN) presents a conflicting profile: it is technically excellent and secure yet struggles with market differentiation as a 'canary network.' The project scores exceptionally high in Security (9/10) and Active Development (8.5/10), benefiting from a unified codebase with Astar Network and rigorous auditing by firms like Quantstamp. The Team and Governance (8.5/10) are strong, led by Sota Watanabe, ensuring professional execution and transparent on-chain upgrades. Tokenomics (7.2/10) are innovative, featuring the 'Build2Earn' model and concluded vesting schedules, which mitigates sell pressure. However, the investment thesis is dampened by Community Support (5.5/10) and Market Use Case (6.5/10). SDN operates in the shadow of its sister chain, Astar, often struggling for independent organic attention and retail volume. While the fundamentals are robust enough to warrant a buy rating, the asset's growth is capped by its role as a testing ground rather than a primary adoption layer.