What is Shardeum?

Shardeum is an EVM-compatible Layer 1 blockchain designed to bring India - and the world - onchain, with low fees, fast finality, and high scalability. Shardeum's token-only mainnet was launched on May 5, 2025. Shardeum's EVM smart contract network launched on October 30, 2025.

SHM is the native token and ticker symbol of Shardeum. It powers multiple use-cases including, paying gas fees, validator staking, and community rewards - all of which contribute to the network’s security and overall utility.

Key features include:

1. Full EVM smart contract compatibility enabling seamless deployment of leading Ethereum dApps like Uniswap or Aave, Shardeum-native versions of viral dApps such as pump.fun, and new innovative use cases that brings meaninful solutions to today's challenges
2. Proof-of-Stake consensus with fast finality and delegated staking, ensuring efficiency and security.
3. Low fees and high throughput benefitting both developers and end-users.
4. Modular architecture that allows new features to be added in the future without disrupting the network.
5. India-first strategy to tap into the world’s largest untapped on-chain market, creating a once-in-a-lifetime opportunity to bring millions of people on-chain.
6. Permissionless access: Any genuine participant – individual or enterprise, Web2 or Web3 – can build and transact freely without gatekeepers and at negligible cost.

These are all part of Shardeum EVM mainnet’s Phase 1 roadmap. Once Shardeum gains 10 million users in Phase 1, our Phase 2 roadmap will introduce Shardeum’s innovations to scale the network for global adoption.