Wrapped Shiden Network
WSDN
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
WSDN (Wrapped Shiden Network) scores poorly across all operational, financial, and technical dimensions with an overall weighted score of 2.2/10. The token functions strictly as a wrapped cross-chain derivative of Shiden Network's native SDN token without independent utility, governance, dedicated team disclosures, or standalone development activity. The underlying Shiden Network underwent an infrastructure upgrade and migration toward the Kusama Asset Hub in October 2025, leaving the ecosystem in a migration and maintenance posture. WSDN suffers from near-total illiquidity, a collapsed market capitalization (~$73K–$79K), negligible daily trading volume ($1.49–$29.90), and a >99% unrecovered price drawdown from its historical high. In addition, there are no verifiable audits or security ratings for the wrapping smart contract, exposing holders to undocumented bridge and smart contract risks. No qualifying red-flag exploits, lawsuits, or fraudulent activities were identified in the records, but severe structural dormancy and migration risks make the asset fundamentally unviable.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Wrapped Shiden Network (WSDN)
Wrapped Shiden Network (WSDN) is a wrapped cross-chain representation of SDN, the native token of Shiden Network, associated with an underlying ecosystem currently in a migration and maintenance posture toward the Kusama Asset Hub. Issued on both Shiden Network and Astar Network, WSDN was created to enable cross-chain utility for SDN across decentralized application environments. Shiden Network itself functions as a smart contract hub on Kusama supporting EVM and WebAssembly execution.
WSDN has no dedicated standalone development team, governance forum, or independent utility mechanics, inheriting its tokenomic profile directly from SDN. The token has a circulating and total supply of approximately 16.17 million. Because WSDN is a wrapped derivative rather than a base-layer asset, its operation relies entirely on the underlying wrapping contracts and bridging architecture, though technical details regarding the specific wrapping and custody mechanics remain undocumented in official records.
The token faces significant market and structural risks. WSDN has experienced an unrecovered price collapse exceeding 99% from its all-time high of $1.67, accompanied by near-zero daily trading volumes ranging between $1.49 and $29.90 and a low market capitalization. Additionally, there are no verified security audits or public audit scores available for the WSDN wrapping smart contracts, leaving holders exposed to unassessed contract risks alongside the continuity uncertainties of Shiden Network's October 2025 Kusama Asset Hub infrastructure transition.