Shardeum (SHM) Price

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About Shardeum (SHM)

The native token on Shardeum is Shard and has SHM as its ticker symbol. SHM is the native token of Shardeum and serves a wide range of functions. Each SHM is divisible to 18 digits, similar to ETH on the Ethereum network. We will also refer to it as the SHM token, since a tokenized version is also used by smart contracts and to be consistent with common terminology.

Shardeum employs dynamic state sharding to attain linear scalability, ensuring that every node added boosts network throughput instantly. As a result, Shardeum can enhance its TPS capacity and maintain low fees sustainably. Our simulations revealed that the economics of linear scalability required a specific dynamic approach to how the native token SHM is issued.

Since the initial 2022 whitepaper, Shardeum's tokenomics have undergone refinement, shaped by insights from large-scale testnet participation. Originally structured around a fixed-supply model of 508 million SHM, the network's design was predicated on predefined adoption metrics, with 51% of the token supply allocated to the community at genesis. However, as empirical data from testnet activity emerged, it became clear that a more adaptable and demand-driven framework was needed.

It was due to this reason that, at the start of 2025, Shardeum transitioned to a dynamically responsive supply model, whilst still aligning with the principles of EIP-1559, reducing genesis issuance to 249 million SHM. This refined economic structure integrates real-time transaction fee burning with a programmatically adjusted issuance mechanism, ensuring that supply expansion aligns with network utility and transaction throughput rather than speculative preallocations. By synchronizing emissions with actualized demand, this model better balances long-term sustainability with network security, fostering a scalable, self-regulating Layer 1 that dynamically adjusts to evolving adoption patterns.