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Chain liquidity sounding

ShidenSDN

Shiden nominal depth is holding steady across the latest 7.4 observed days. Token-price effects remain in the TVL reading.

Reported nominal TVL$2.6K-0.0% across 7.4 observed days

Depth rank: #323
Protocols mapped: 5
Stablecoin layer: 1268.3%

Source: DeFiLlama open chain roster
Captured: 2026-08-11T09:18:28.287Z
Unit: Nominal USD TVL
Does not prove: Deposits, exits, or unique users

What this page answers

Shiden reports $2.6K in nominal DeFi TVL. The roster maps 5 protocols to this chain. It ranks #323 by Bathymark depth. Its weekly nominal TVL change is -0.0% across 7.4 observed days, and its 30-day change is -10.4% across 30.4 observed days. Token-price effects are not removed.

Chain TVL change context What TVL means Data source and limits

depth over timepeak $1.38M

Depth rank: #323
Protocols read: 5
Stablecoin USD market value: $32.7K
Native token: SDN

State: Reported depth is holding
Confidence: moderateThe chain level is source-backed. Confidence is capped because token-price effects are not removed from TVL.
Snapshot captured: 2026-08-11 09:18 UTC

Three strongest drivers

Reported nominal TVL$2.6KCurrent chain level from the validated DeFiLlama chain roster.
Seven-day nominal change-0.0%$2.6K to $2.6K across 7 observed days.
Stablecoin cash layer$32.7KOpen-data stablecoin circulating USD market value reported on this chain, shown separately from TVL and token units.

Open the 30-second readChange, history, comparison, and implication

What changed

Reported nominal USD TVL changed by -$0.4860 over seven days.

$2.6K to $2.6K across 7 observed days. The reconciled 30-day change is -10.4%.

Is it unusual

Current nominal TVL sits at the 1th percentile of the stored chain history.

Daily nominal-TVL change volatility is 90.66%. Price effects remain inside that history.

How it compares

Shiden ranks #323 of 461 validated chains by nominal USD TVL.

The validated chain median is $338.5K. This is a level comparison, not a quality verdict.

Why it matters

Reported depth is broadly unchanged, so the level matters more than a weak directional signal.

This is market-structure context, not a forecast or a trade recommendation.

Open the evidence trailCounterevidence, invalidation, sources, and method

What argues against this reading

Token-price repricing can explain some or all of the nominal USD TVL change.

Bathymark does not label this series fresh capital, deposits, or withdrawals.

Stablecoin circulating USD market value is $32.7K, a separate stock that can confirm or contradict the TVL level.

KwikSwap leads the visible protocol roster, but the slim endpoint does not expose its exact Shiden allocation.

What would change the call

The holding call changes if the reconciled seven-day nominal USD TVL change moves outside the -0.5% to +0.5% band.

Measured byFirst and last validated DeFiLlama chain TVL values across a seven-day window under the same method version.

Next review

Next daily chain-depth review

Exact sources

DeFiLlama Historical Chain TVL APIhttps://api.llama.fi/v2/historicalChainTvl/ShidenSource observation: 2026-08-11 00:00 UTCSupports: Nominal USD chain TVL history and reconciled period changes.Limit: The chain TVL history passed schema, completeness, and freshness checks.
DeFiLlama Chains APIhttps://api.llama.fi/v2/chainsSupports: Current nominal chain TVL and peer ranking.Limit: The chain roster passed schema, completeness, and freshness checks.
DeFiLlama Protocols APIhttps://api.llama.fi/protocolsSupports: Protocol presence, category, and total global TVL for the chain roster.Limit: Protocol TVL is a source-reported nominal USD value, not executable token liquidity or proof of custody, solvency, safety, or redeemability.
DeFiLlama Stablecoin Chains APIhttps://stablecoins.llama.fi/stablecoinchainsSupports: Open-data circulating USD market value across all reported stablecoin peg buckets on each chain.Limit: The per-chain stablecoin roster passed schema, completeness, and freshness checks.

Formula

7d nominal TVL change = (last nominal USD TVL - first nominal USD TVL) / first nominal USD TVL * 100

The displayed period change is accepted only when it reconciles with the first and last source values. Price effects are not removed.

Open formula note

Snapshot receipt

Snapshot captured: 2026-08-11 09:18 UTC
Ingested: 2026-08-11 09:19 UTC
Method version: chain-depth-2026-07-11.1Current level, historical context, peer rank, and corroborating evidence remain separate fields.

Missing inputs

Price-adjusted deposits and withdrawals

Protocol roster map

Categories among protocols that list Shiden. This uses each protocol's total global TVL as roster weight because the slim open list does not expose per-chain protocol allocation. CEX reserve rows are omitted from this chain roster.

Dexs5 rows

Stablecoin USD market value is 1268.3% of chain TVL. The largest listed protocol's global TVL is 1641.3% of this chain's TVL, so treat the roster as context, not allocation.

This chain, measured

The Almanac's instruments, read for Shiden alone. Open any one for the full method, history, and what it can and cannot mean.

Share of all DeFi

0.00%rank #323 of 461

Shiden holds 0.00% of all on-chain liquidity, the #323 deepest chain. Dominance is how much of the ocean sits here.

Stablecoins here

$32.7Ksource-reported stablecoin value on chain

$32.7K in source-reported stablecoin circulating USD market value is attributed to Shiden. It is not a reserve balance, token-unit count, or measure of immediately spendable dollars.

30-day tide

Range: Shiden TVLJun 13, 2026 to Aug 11, 2026
Observations: 60
First: $2,880
Latest: $2,582

-10.3%draining

Shiden's reported USD TVL moved -10.3% over the last month. Token-price effects are not removed, so this is not labelled deposit flow.

Stablecoin value vs nominal TVL

12.7×two source-reported value measures

Shiden's source-reported stablecoin circulating USD market value is 12.7× its nominal DeFi TVL. This ratio does not make either measure token-unit supply, deposits, reserves, or executable liquidity.

Roster concentration

41%KwikSwap leads roster

KwikSwap is 41% of the listed non-CEX roster by global protocol TVL. This is context, not a per-chain allocation.

Largest protocols by reported TVL on Shiden

Protocols that list Shiden, ranked by each protocol's total reported total TVL. The open list does not expose chain-specific allocation for every protocol, so this is a non-CEX roster read, not a per-chain TVL split.

Protocol	Category	TVL	7d
KwikSwap	Dexs	$42.4K	-0.7%
EmiSwap	Dexs	$33.5K
PolkaEx	Dexs	$15.7K
Standard Protocol Shiden	Dexs	$7.6K	-0.6%
KACO Finance	Dexs	$3.8K	-0.2%

Bathymark reads this chain from DeFiLlama's open chain and protocol datasets. TVL can rise or fall because asset prices moved, so the branded tide is a nominal USD depth-proxy reading, not measured flow or a forecast.

How to read Shiden liquidity

7-day and 30-day nominal TVL tide

The short tide is -0.0% across 7.4 observed days. The 30-day tide is -10.4% across 30.4 observed days. Read those as nominal USD movement in the depth proxy. Token-price effects are not removed.

Protocol concentration

Bathymark reads 5 large protocols and 1 categories on Shiden. Concentration matters because one venue can make a chain look deeper than it is, even when the venue also operates elsewhere.

Stablecoin cash layer

$32.7K of stablecoin circulating USD market value is visible on Shiden in the current open-data read. This is not token count or reserve value.

What it cannot mean

Rising TVL cannot prove new users arrived. Falling TVL cannot prove abandonment. The number describes depth, then the cause has to be checked.

Questions this page answers

What is Shiden TVL in this snapshot?

Shiden reports $2.6K in nominal DeFi TVL on Bathymark's current open-data reading. That is a USD-valued depth proxy, not measured exit liquidity.

Is Shiden nominal TVL rising or falling?

Shiden is holding steady in the weekly window, with a nominal TVL tide of -0.0% across 7.4 observed days and a 30-day nominal tide of -10.4% across 30.4 observed days. Token-price effects are not removed.

Which protocols hold the most liquidity on Shiden?

KwikSwap, EmiSwap, PolkaEx are among the deepest protocols Bathymark reads on Shiden.

What does liquidity depth mean for Shiden?

Bathymark uses reported USD TVL as an open depth proxy for the ecosystem. It is not an order-book or exit-liquidity measure, and it can move because deposits, withdrawals, token prices, incentives, or source mapping changed.

Measurement receipt

What this number is, and is not

Bathymark reads source-reported USD TVL as a chain-depth proxy. The value can move because assets repriced, deposits changed, withdrawals changed, incentives moved, or the source mapping changed.

Source: DeFiLlama chain, protocol, and stablecoin datasets
Snapshot: 2026-08-11T09:18:28.287Z
Freshness: Live validated snapshot
History: Current validated history captured 2026-08-11T09:19:19.666Z
Caveat: Nominal USD change, price effects are not removed

Read the method Inspect source policy

Connected to Shiden

Every surface that reads this SDN from another angle, so a question that starts here never dead-ends.

Taking the sounding

Live validated snapshot

Chain liquidity sounding

ShidenSDN

Shiden nominal depth is holding steady across the latest 7.4 observed days. Token-price effects remain in the TVL reading.

Reported nominal TVL$2.6K-0.0% across 7.4 observed days

Depth rank: #323
Protocols mapped: 5
Stablecoin layer: 1268.3%

Source: DeFiLlama open chain roster
Captured: 2026-08-11T09:18:28.287Z
Unit: Nominal USD TVL
Does not prove: Deposits, exits, or unique users

What this page answers

Chain TVL change context What TVL means Data source and limits

depth over timepeak $1.38M

Depth rank: #323
Protocols read: 5
Stablecoin USD market value: $32.7K
Native token: SDN

State: Reported depth is holding
Confidence: moderateThe chain level is source-backed. Confidence is capped because token-price effects are not removed from TVL.
Snapshot captured: 2026-08-11 09:18 UTC

Three strongest drivers

Reported nominal TVL$2.6KCurrent chain level from the validated DeFiLlama chain roster.
Seven-day nominal change-0.0%$2.6K to $2.6K across 7 observed days.
Stablecoin cash layer$32.7KOpen-data stablecoin circulating USD market value reported on this chain, shown separately from TVL and token units.

Open the 30-second readChange, history, comparison, and implication

What changed

Reported nominal USD TVL changed by -$0.4860 over seven days.

$2.6K to $2.6K across 7 observed days. The reconciled 30-day change is -10.4%.

Is it unusual

Current nominal TVL sits at the 1th percentile of the stored chain history.

Daily nominal-TVL change volatility is 90.66%. Price effects remain inside that history.

How it compares

Shiden ranks #323 of 461 validated chains by nominal USD TVL.

The validated chain median is $338.5K. This is a level comparison, not a quality verdict.

Why it matters

Reported depth is broadly unchanged, so the level matters more than a weak directional signal.

This is market-structure context, not a forecast or a trade recommendation.

Open the evidence trailCounterevidence, invalidation, sources, and method

What argues against this reading

Token-price repricing can explain some or all of the nominal USD TVL change.

Bathymark does not label this series fresh capital, deposits, or withdrawals.

Stablecoin circulating USD market value is $32.7K, a separate stock that can confirm or contradict the TVL level.

KwikSwap leads the visible protocol roster, but the slim endpoint does not expose its exact Shiden allocation.

What would change the call

The holding call changes if the reconciled seven-day nominal USD TVL change moves outside the -0.5% to +0.5% band.

Measured byFirst and last validated DeFiLlama chain TVL values across a seven-day window under the same method version.

Next review

Next daily chain-depth review

Exact sources

DeFiLlama Historical Chain TVL APIhttps://api.llama.fi/v2/historicalChainTvl/ShidenSource observation: 2026-08-11 00:00 UTCSupports: Nominal USD chain TVL history and reconciled period changes.Limit: The chain TVL history passed schema, completeness, and freshness checks.
DeFiLlama Chains APIhttps://api.llama.fi/v2/chainsSupports: Current nominal chain TVL and peer ranking.Limit: The chain roster passed schema, completeness, and freshness checks.
DeFiLlama Protocols APIhttps://api.llama.fi/protocolsSupports: Protocol presence, category, and total global TVL for the chain roster.Limit: Protocol TVL is a source-reported nominal USD value, not executable token liquidity or proof of custody, solvency, safety, or redeemability.
DeFiLlama Stablecoin Chains APIhttps://stablecoins.llama.fi/stablecoinchainsSupports: Open-data circulating USD market value across all reported stablecoin peg buckets on each chain.Limit: The per-chain stablecoin roster passed schema, completeness, and freshness checks.

Formula

7d nominal TVL change = (last nominal USD TVL - first nominal USD TVL) / first nominal USD TVL * 100

The displayed period change is accepted only when it reconciles with the first and last source values. Price effects are not removed.

Open formula note

Snapshot receipt

Snapshot captured: 2026-08-11 09:18 UTC
Ingested: 2026-08-11 09:19 UTC
Method version: chain-depth-2026-07-11.1Current level, historical context, peer rank, and corroborating evidence remain separate fields.

Missing inputs

Price-adjusted deposits and withdrawals

Protocol roster map

Dexs5 rows

Stablecoin USD market value is 1268.3% of chain TVL. The largest listed protocol's global TVL is 1641.3% of this chain's TVL, so treat the roster as context, not allocation.

This chain, measured

The Almanac's instruments, read for Shiden alone. Open any one for the full method, history, and what it can and cannot mean.

Share of all DeFi

0.00%rank #323 of 461

Shiden holds 0.00% of all on-chain liquidity, the #323 deepest chain. Dominance is how much of the ocean sits here.

Stablecoins here

$32.7Ksource-reported stablecoin value on chain

$32.7K in source-reported stablecoin circulating USD market value is attributed to Shiden. It is not a reserve balance, token-unit count, or measure of immediately spendable dollars.

30-day tide

Range: Shiden TVLJun 13, 2026 to Aug 11, 2026
Observations: 60
First: $2,880
Latest: $2,582

-10.3%draining

Shiden's reported USD TVL moved -10.3% over the last month. Token-price effects are not removed, so this is not labelled deposit flow.

Stablecoin value vs nominal TVL

12.7×two source-reported value measures

Roster concentration

41%KwikSwap leads roster

KwikSwap is 41% of the listed non-CEX roster by global protocol TVL. This is context, not a per-chain allocation.

Largest protocols by reported TVL on Shiden

Protocol	Category	TVL	7d
KwikSwap	Dexs	$42.4K	-0.7%
EmiSwap	Dexs	$33.5K
PolkaEx	Dexs	$15.7K
Standard Protocol Shiden	Dexs	$7.6K	-0.6%
KACO Finance	Dexs	$3.8K	-0.2%

How to read Shiden liquidity

7-day and 30-day nominal TVL tide

The short tide is -0.0% across 7.4 observed days. The 30-day tide is -10.4% across 30.4 observed days. Read those as nominal USD movement in the depth proxy. Token-price effects are not removed.

Protocol concentration

Bathymark reads 5 large protocols and 1 categories on Shiden. Concentration matters because one venue can make a chain look deeper than it is, even when the venue also operates elsewhere.

Stablecoin cash layer

$32.7K of stablecoin circulating USD market value is visible on Shiden in the current open-data read. This is not token count or reserve value.

What it cannot mean

Rising TVL cannot prove new users arrived. Falling TVL cannot prove abandonment. The number describes depth, then the cause has to be checked.

Questions this page answers

What is Shiden TVL in this snapshot?

Shiden reports $2.6K in nominal DeFi TVL on Bathymark's current open-data reading. That is a USD-valued depth proxy, not measured exit liquidity.

Is Shiden nominal TVL rising or falling?

Which protocols hold the most liquidity on Shiden?

KwikSwap, EmiSwap, PolkaEx are among the deepest protocols Bathymark reads on Shiden.

What does liquidity depth mean for Shiden?

Measurement receipt

What this number is, and is not

Bathymark reads source-reported USD TVL as a chain-depth proxy. The value can move because assets repriced, deposits changed, withdrawals changed, incentives moved, or the source mapping changed.

Source: DeFiLlama chain, protocol, and stablecoin datasets
Snapshot: 2026-08-11T09:18:28.287Z
Freshness: Live validated snapshot
History: Current validated history captured 2026-08-11T09:19:19.666Z
Caveat: Nominal USD change, price effects are not removed

Read the method Inspect source policy

Connected to Shiden

Every surface that reads this SDN from another angle, so a question that starts here never dead-ends.