Shiden (SDN) API and Price Oracle

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Shiden

SDN
$
Information
For informational use only; request a custom oracle/API for production below.
General information
Contract address
Smart contract address of the asset
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0x0000...0000
Network
Blockchain network where the asset is deployed
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Shiden
Methodology
Pricing methodology used to determine the price of the token in USD. By default, all price feeds on the DIA App are calculated with a MAIR methodology. This parameter is customisable.Learn more about methodologies.
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MAIR
Update frequency
120 seconds is the default update frequency. This parameter is customisable.Learn more about oracle updates.
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120s
Next update
24h Volume
The total volume captured by DIA across all the integrated sources.
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Source
Volume 24h
Trades 24h
Pairs
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Token information

What is Shiden (SDN)?

Shiden (SDN) is a multi-chain platform that aims to provide developers with a highly scalable and interoperable environment for building decentralized applications (dApps) on the Polkadot network. It was founded by Sota Watanabe and is part of the Plasm Network ecosystem. Shiden was launched in 2021 and takes its name from the Japanese word for "Violet Lightning." With its focus on cross-chain compatibility and high throughput, Shiden aims to enable seamless integration and interaction between different blockchain networks.

How does Shiden work?

Shiden is a blockchain platform that operates on the Substrate framework. It is designed to create a multi-chain ecosystem by connecting different blockchains. The underlying technology behind Shiden is based on Parity Technologies' Substrate, which allows for the creation of customized blockchains with their own unique features and functionalities.

Shiden operates on its own dedicated blockchain called the Shiden Network. It utilizes a proof-of-stake (PoS) consensus mechanism, specifically the Astar protocol, for block validation and transaction confirmation. PoS consensus ensures the security and reliability of the network while maximizing efficiency and scalability.

The Shiden Network serves as a bridge between different blockchains, allowing them to communicate and interact with each other. It achieves this through the use of smart contracts, which are self-executing agreements that reside on the blockchain. These contracts enable the execution of predefined functions and logic, facilitating seamless interoperability between different chains.

Additionally, Shiden offers various features and functionalities, such as decentralized applications (dApps) development, token issuance, and decentralized finance (DeFi) solutions. It provides developers with a robust and flexible platform to build scalable and secure applications that can leverage the advantages of blockchain technology.

In summary, Shiden is a blockchain platform built on the Substrate framework. It utilizes a PoS consensus mechanism and operates on its own dedicated blockchain, the Shiden Network. Through smart contracts and various features, Shiden enables interoperability and empowers developers to build innovative applications within a multi-chain ecosystem.

What are the benefits of Shiden?

Shiden, a blockchain project built on the Polkadot ecosystem, offers several benefits compared to its direct competitors.

One of the main advantages of Shiden is its compatibility with Ethereum. As an Ethereum-compatible parachain, Shiden allows developers to seamlessly port their existing Ethereum smart contracts and decentralized applications (dApps) to the Shiden network. This means that developers can leverage the benefits of both ecosystems, such as enhanced scalability and lower transaction fees on Shiden, while still accessing the vast user base and tooling of Ethereum.

Additionally, Shiden incorporates Substrate, a framework that enables modular blockchain development. This allows for easy customization and rapid deployment of dApps, making it an attractive choice for developers seeking flexibility.

Compared to other Polkadot parachains, Shiden also brings unique features to the table. For instance, it implements a Layer 2 solution called Virtual Machine Layer (VML) that enables high-speed, low-cost transactions. This design choice ensures that users can enjoy fast confirmation times and affordable transaction fees, making it suitable for applications that require high transaction throughput.

Furthermore, Shiden aims to foster a vibrant community by supporting governance token holders to actively participate in decision-making processes. This governance feature enhances decentralization and promotes community involvement in the evolution of the network.

In conclusion, Shiden offers benefits such as Ethereum compatibility, Substrate integration for flexible development, Layer 2 scalability, and community-driven governance. These features distinguish it from its direct competitors in the Polkadot ecosystem and make it an appealing option for developers and users alike.

What is Shiden used for?

Shiden is a next-generation smart contract platform built on the Polkadot ecosystem. It aims to provide a scalable and interoperable environment for developing decentralized applications (dApps) and enabling cross-chain functionality.

One of the common use cases for Shiden is the creation and deployment of dApps. With its powerful infrastructure and compatibility with the Substrate framework, developers can build and launch their own decentralized applications on the Shiden network. These dApps can offer various functionalities such as decentralized finance (DeFi), non-fungible tokens (NFTs), decentralized exchanges (DEXs), and more.

In addition to dApps, Shiden also facilitates cross-chain communication. It serves as a parachain on the Polkadot network, enabling interoperability between different blockchains connected to Polkadot. This means that assets and data can be transferred seamlessly between different chains, allowing users to access a wider range of resources and services.

An interesting use case that showcases Shiden's potential is cross-chain DeFi. Users can leverage Shiden's interoperability features to access financial services and liquidity from different chains. For example, a user can use Shiden to bridge their assets from Ethereum to access various DeFi protocols on the Shiden network. This opens up new opportunities for users to maximize their investments and participate in different DeFi ecosystems.

Overall, Shiden offers a scalable and interoperable platform for developers to build dApps and enables cross-chain functionality, creating new possibilities for the blockchain industry and expanding the capabilities of decentralized finance.

What is DIA's Shiden API?

DIA's Shiden API is a powerful tool that provides real-time price feeds for crypto assets. These price feeds are generated by aggregating data from over 85 on-chain and off-chain cryptocurrency and NFT exchanges. DIA's API endpoints offer developers the ability to access this valuable information.

DIA provides both free API endpoints and fully customizable custom feeds. The free API endpoints can be utilized for testing purposes and are publicly available on the DIA App's asset detail pages. They are designed to be simple and standardized for easy integration.

However, the true value of DIA's API lies in their ability to create custom feeds tailored to specific requirements. These custom feeds can be personalized in terms of data sources, methodologies, and update mechanisms. To request a custom feed, users can reach out to DIA through Discord or Telegram.

The use cases for DIA's API are diverse and offer numerous possibilities within the blockchain ecosystem. In the DeFi space, the price information from DIA's API can be utilized for derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, money markets, and more. In the NFTfi sector, the API can be used for various applications such as peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and many others.

Overall, DIA's Shiden API provides developers with access to reliable and up-to-date price feeds for a wide range of crypto assets. While the free API endpoints are useful for testing, the real value lies in the customized feeds that can be tailored to meet specific requirements.

What is DIA's Shiden price oracle?

DIA’s Shiden price oracle is a powerful tool that provides real-time price feeds for cryptocurrencies. Integrated with 35+ layer 1 and layer 2 networks, DIA can deploy price oracles across multiple blockchains. These oracles are constructed using raw data from over 85 cryptocurrency and NFT exchanges, ensuring accurate and reliable information. While DIA offers demo oracles for testing purposes, they cannot be integrated into production applications. However, users can request custom configurations for dedicated price feed oracles. This flexibility allows users to tailor their data feeds according to specific sources, methodologies, and update mechanisms. To request a custom feed, users can reach out to DIA via Discord or Telegram.

Blockchain oracles play a crucial role in the ecosystem by supplying verified data from outside the blockchain to smart contracts. They bridge the gap between on-chain and off-chain information, enabling decentralized applications to access reliable real-world data.

DIA's custom oracles provide users with greater control and flexibility in utilizing price data within various applications. These oracles have a wide range of potential use cases, including derivatives, lending markets, collateralized stablecoins, synthetic asset issuance, and more in the DeFi space. Additionally, they can be applied in NFTfi applications such as NFT lending and borrowing, on-chain derivatives, NFT renting, fractionalization, and others.

With DIA's Shiden price oracle and the availability of custom configurations, users have access to reliable and tailored price data, empowering them to build innovative and efficient blockchain applications.

Why use DIA's SDN API & price oracle?

DIA's SDN API and SDN Price Oracle offer numerous benefits for users in the blockchain ecosystem. The key advantage of leveraging DIA's technology is the high level of customization it provides. Users can tailor each oracle and API endpoint to meet the specific requirements of decentralized applications. This includes configuring the data sources, applying data cleaning filters and pricing methodologies, and determining the update mechanisms and frequency of the final feed. Such customization ensures the robustness and resilience of the data and oracle in various market conditions, allowing for global market as well as individual or cross-chain market prices. DIA's API and Oracle feeds also offer a high level of transparency. Users have full visibility into the entire data journey, ensuring trust and reliability. Moreover, DIA provides tracking and monitoring tools to closely monitor its oracle and API feeds. Overall, the benefits of using DIA's SDN API and SDN Price Oracle include accurate and reliable price data, customization to specific needs, transparency, and robust tracking and monitoring capabilities. By leveraging DIA's technology, users can access the necessary tools to navigate the blockchain ecosystem efficiently.

Why use DIA data feeds and oracles?

Transparent
DIA provides full insight on the oracle’s data journey as well monitoring tools to track feeds in real-time.
Customisable
Oracles can be tailored to any use case in terms of data sources, methodologies and update mechanisms and much more.
Broadest coverage
DIA provides price oracles for 3,000+ cryptocurrencies: from blue-chip tokens to long-tail assets.