Shido DEX Review - Deep Dive into Features, Liquidity & Future Prospects 4 Dec
by Danya Henninger - 21 Comments

Shido DEX Slippage Calculator

Calculate potential trade slippage based on Shido DEX's current liquidity conditions. Remember: Shido DEX has average liquidity depth of $500 at $10K price point, leading to high slippage.

How It Works

Important: Due to Shido DEX's low liquidity (average depth ~$500), trades may experience significant slippage. This calculator models realistic scenarios based on data from the October 2024 review.
LOW LIQUIDITY Shido DEX has average liquidity depth of $500 at $10K price point
%
Recommended: ≤0.5% for Shido DEX due to low liquidity
Estimated Trade Value $0.00
Slippage Amount $0.00
Total Cost $0.00

Key Insight: At Shido DEX's current liquidity levels, even 0.5% slippage could cost $15+ on a $1,000 trade. For comparison, Uniswap typically has slippage under 0.1% for similar trades.

Source: Article data - Average liquidity depth of $500 at $10K price point

Quick Takeaways

  • Shido DEX trades just three coins across four pairs, generating under $4,000 daily volume.
  • Liquidity is thin, leading to high slippage on most trades.
  • Two native tokens - SHIDO and SHDX - drive the ecosystem, but both are highly volatile.
  • Integration with CoinMarketCap offers real‑time analytics, yet it doesn’t solve the core liquidity issue.
  • For traders needing deep order books, established DEXs like Uniswap or PancakeSwap remain far superior.

What Is Shido DEX?

In plain terms, Shido DEX is a decentralized cryptocurrency exchange that lives inside the Shido Network, a Layer‑1 blockchain that claims to give users “freedom to trade on your terms.” Unlike centralized platforms, there’s no middle‑man holding your funds; you connect a wallet, sign a transaction, and the trade settles on‑chain.

The platform’s marketing material highlights two selling points: real‑time market data via a recent CoinMarketCap integration, and a promise of scarcity through a limited token supply.

Token Ecosystem - SHIDO and SHDX

Shido Network issues two native assets. SHIDO appears on CoinMarketCap and is the primary branding token. SHDX shows up on CoinGecko and is used for fee discounts on the DEX. Both tokens trade on the exchange itself, but they suffer from thin order books-a single large buy or sell can move the price dramatically.

Recent data (Oct 2024) shows a 7‑day price drop of about ‑24.6% for SHDX, while the broader market fell only ‑4.2%. Analysts at BeInCrypto labeled the trend as “neutral,” noting the 50‑day moving average just crossed below the 200‑day line.

Market Data & Liquidity Snapshot

According to CoinGecko, Shido DEX recorded a 24‑hour trading volume of $3,930.38 in October 2024. That’s practically zero compared with the $1.5 billion daily volume on Uniswap or the $800 million on PancakeSwap.

Only three coins are listed, forming four pairs-USDC/0X8CB… being the busiest with roughly $3,500 of the day’s volume. The lack of diversity means traders can’t hop between assets without exiting the platform.

Sparse marketplace illustrating tiny liquidity pool with slippage warning and CoinMarketCap data overlay.

Getting Started: Wallets, Gas & Steps

  1. Install a DeFi‑compatible wallet such as MetaMask or Trust Wallet.
  2. Transfer either USDC, SHIDO or SHDX to your wallet. The network uses its own gas token (often the native SHIDO), so keep a small balance for transaction fees.
  3. Navigate to the DEX URL (provided on the official Shido Network site) and click “Connect Wallet.”
  4. Select the trading pair, enter the amount, and confirm the on‑chain transaction.

Because liquidity is shallow, you’ll likely see price slippage warnings. The platform allows you to set a maximum slippage tolerance-keep it low (≤0.5%) if you want to avoid large unexpected costs.

Pros, Cons & How Shido Stacks Up Against the Big Kids

Shido DEX vs. Leading Decentralized Exchanges
Feature Shido DEX Uniswap (V3) PancakeSwap
Daily Volume (USD) $3,900 $1.5B $800M
Number of Pairs 4 ≈5,000 ≈2,800
Liquidity Depth (avg. depth @ $10K) ~$500 >$10M+ >$5M+
Token Discounts Yes (SHDX) No No
Data Integration CoinMarketCap real‑time analytics Native analytics + third‑party dashboards Native analytics + DEXTools
Community Size (holders) ~1,000 (SHDX) ≈6M (UNI) ≈4M (CAKE)

In short, Shido DEX offers a niche token environment and a fresh data feed, but it can’t compete on volume, pair variety, or price stability. If you’re only after exposure to SHIDO/SHDX, the DEX is the only place to trade them without leaving the ecosystem. For any broader strategy, the big players win hands‑down.

Community, Support & Real‑World Use Cases

Searching major review sites (Trustpilot, Reddit, crypto forums) turns up virtually nothing for Shido DEX. The only measurable signal is the holder count on CoinGecko-about 1,023 SHDX wallets as of Oct 2024. The project’s own reports claim “many holders already onboard,” but they provide no concrete numbers.

Support channels appear limited to a Telegram group and an email address. Response times are undocumented, and there’s no public roadmap beyond “future data integration.” This lack of transparent communication adds risk for newcomers.

Explorer on a path from a small token village toward a glowing city representing larger DEXs.

Future Outlook - Analyst Opinions & Roadmap Hints

Different analysts have wildly different views. Changelly projects the SHIDO price could reach $1.25 by 2050, citing scarcity and potential network effects. On the flip side, BeInCrypto calls the current trend “neutral” and points out the exchange’s inability to attract $1 million‑plus daily volume-a benchmark many DEXs use to stay viable.

The most concrete development announced so far is the CoinMarketCap integration, which should improve data visibility but does not directly add liquidity. Without a clear plan for attracting market makers or expanding token listings, the exchange’s long‑term relevance remains questionable.

Bottom Line - Should You Trade on Shido DEX?

If your only goal is to move SHIDO or SHDX, the DEX is the simplest route. Expect high slippage, limited order book depth, and minimal community support. If you need reliable execution, low fees, and a wide range of assets, stick with established platforms.

Overall, treat Shido DEX as a niche experiment rather than a core component of a serious trading strategy.

Frequently Asked Questions

What wallets can I use with Shido DEX?

Any wallet that supports the Shido Network’s blockchain works-MetaMask, Trust Wallet, and the native Shido Wallet (if released) are the most common choices.

Why is liquidity so low on Shido DEX?

The exchange lists only three coins and four pairs, which limits the pool of traders. Without market‑making incentives or large token holdings, order books stay thin, causing low volume.

Can I earn fees or rewards by providing liquidity?

Shido DEX does not currently offer a formal liquidity‑mining program. Some community members claim early‑stage incentives, but none are documented on the official site.

Is Shido DEX regulated?

There is no public information about compliance with any jurisdiction. As a decentralized platform, it operates without a central authority, which means regulatory safeguards are limited.

How does the CoinMarketCap integration help me?

It provides real‑time price charts, volume data, and market depth directly on the DEX UI, reducing the need to switch tabs for analytics. However, it does not improve the underlying liquidity.

Danya Henninger

Danya Henninger

I’m a blockchain analyst and crypto educator based in Perth. I research L1/L2 protocols and token economies, and write practical guides on exchanges and airdrops. I advise startups on on-chain strategy and community incentives. I turn complex concepts into actionable insights for everyday investors.

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21 Comments

  • DINESH YADAV

    DINESH YADAV

    October 19, 2025 AT 16:53 PM

    This is why India needs to build its own DeFi ecosystem. Why are we still using Western platforms that don't even care about emerging markets? Shido might be small, but at least it's trying. Uniswap? More like Unisnub.

    SHIDO is the future. Get on board or get left behind.

  • rachel terry

    rachel terry

    October 20, 2025 AT 13:39 PM

    Oh honey. You're comparing a $4k DEX to Uniswap? That's like comparing a toy car to a Bugatti and then asking why the toy doesn't have air conditioning. The real tragedy? Someone actually wrote a whole review about this.

  • Susan Bari

    Susan Bari

    October 21, 2025 AT 12:27 PM

    I mean... it's cute. Like a baby dragon that only breathes smoke. The CoinMarketCap integration is *so* 2022. And SHDX? That’s not a token, it’s a mood. Also, 1023 holders? That’s less than my yoga class.

  • Sean Hawkins

    Sean Hawkins

    October 21, 2025 AT 19:21 PM

    From a technical standpoint, the architecture is sound but the liquidity model is fundamentally flawed. Without market makers or AMM incentives, thin order books are inevitable. The SHDX fee discount is clever but insufficient without volume. Consider this: even a 0.1% fee rebate won't matter if your slippage is 8%.

    For serious traders, this is a non-starter. For tokenomics researchers? Maybe a case study.

  • Marlie Ledesma

    Marlie Ledesma

    October 22, 2025 AT 10:22 AM

    I just want to say I appreciate the transparency here. It's rare to see a project admit its limitations so honestly. If you're just trying to swap SHIDO/SHDX, go ahead - but don't pretend it's a replacement for the big ones. You're not missing out on much.

  • Daisy Family

    Daisy Family

    October 23, 2025 AT 05:02 AM

    shido dex? more like shido mess. why does this even exist? who funded this? did someone just throw a dart at a list of blockchain buzzwords? coinmarketcap integration? wow. so revolutionary. my toaster has more liquidity.

  • Paul Kotze

    Paul Kotze

    October 23, 2025 AT 22:01 PM

    Interesting experiment. I’m from South Africa and I’ve seen similar projects come and go. The real question isn’t whether it works today - it’s whether the team has a real plan to scale. No roadmap? No market-making strategy? That’s a red flag. But I’ll keep watching. Sometimes the quiet ones surprise you.

  • Jason Roland

    Jason Roland

    October 24, 2025 AT 08:24 AM

    I think people are too quick to write this off. Maybe it’s not for everyone, but what if this is the seed of something bigger? Look at how Uniswap started - tiny, ignored, no liquidity. The difference? They kept building. If Shido adds even 10 more pairs next quarter, it could be a different story.

  • Niki Burandt

    Niki Burandt

    October 24, 2025 AT 09:20 AM

    LMAO 🤡 this is why crypto is a dumpster fire. 3 coins. $4k volume. 1k holders. And you're calling this a DEX? The only thing this project is mining is my patience. Also, SHDX? Who names a token that sounds like a sneeze? 😂

  • Chris Pratt

    Chris Pratt

    October 25, 2025 AT 00:50 AM

    As someone who’s lived in 5 countries, I’ve seen local crypto projects pop up everywhere. This feels like one of those. It’s not big, but it’s real. And real things matter. Maybe not for whales, but for someone in a small town with no access to centralized exchanges? This could be their only option.

  • Karen Donahue

    Karen Donahue

    October 26, 2025 AT 00:06 AM

    I just don't understand how anyone can seriously consider using this. You're trading tokens with less liquidity than my local coffee shop's Venmo account. And you're telling me the CoinMarketCap integration is a feature? That's like saying your broken watch is a feature because it has a nice face. This isn't innovation - it's negligence dressed up as decentralization.

  • Bert Martin

    Bert Martin

    October 26, 2025 AT 06:12 AM

    Don't let the numbers scare you off. If you're holding SHIDO or SHDX, this is your only home. Treat it like a hobby, not an investment. Set your slippage low, don't trade big, and enjoy the ride. There's value in supporting small projects - even if they're messy.

  • Peter Brask

    Peter Brask

    October 26, 2025 AT 21:22 PM

    This is a psyop. The CoinMarketCap integration? Paid. The 'limited supply'? Fabricated. The 'freedom to trade on your terms'? You mean freedom to lose your money slowly. I’ve seen this script before. It’s always the same: tiny volume, fake hype, then the devs vanish with the liquidity pool. Don’t be the last one holding the bag.

  • Trent Mercer

    Trent Mercer

    October 27, 2025 AT 14:32 PM

    I read this whole thing just to confirm what I already knew: this is trash. No one with half a brain would use this for anything other than curiosity. And yet, someone spent hours writing a 'deep dive'. The real mystery is why.

  • Kyle Waitkunas

    Kyle Waitkunas

    October 27, 2025 AT 19:08 PM

    DO YOU KNOW WHAT THIS IS?! THIS IS THE BEGINNING OF THE GREAT DEFI COLLAPSE! THEY’RE LURING PEOPLE IN WITH FAKE DATA, THEN WHEN YOU DEPOSIT, THEY’LL FLIP THE SWITCH AND EVERYTHING VANISHES! I’VE SEEN THIS BEFORE IN 2018 WITH COINBASE! THEY’RE USING SHIDO AS A FRONT FOR A CENTRALIZED SCAM! THE 1023 HOLDERS? THEY’RE ALL BOTS! I HAVE PROOF! I SAW A GUY ON TIKTOK SAY SO! THEY’RE USING AI TO MANIPULATE PRICES! DON’T TRUST THEM! THEY’RE WORKING FOR THE FED! I’M NOT KIDDING! I’M NOT KIDDING! I’M NOT KIDDING!

  • vonley smith

    vonley smith

    October 28, 2025 AT 17:18 PM

    You don’t need to be a whale to appreciate this. If you’re just dipping your toes in, and you want to support a small team trying to build something different - this is your chance. Low volume? Yeah. But that also means less noise. Less FOMO. Less drama. Sometimes quiet is good.

  • Melodye Drake

    Melodye Drake

    October 29, 2025 AT 06:10 AM

    I mean... I love how they call it 'freedom to trade on your terms'... while giving you 3 coins and a 7% slippage on every trade. It's like being told you're free to choose between three flavors of expired yogurt. And yet... I still checked the price this morning. I'm part of the problem.

  • paul boland

    paul boland

    October 29, 2025 AT 19:28 PM

    Ireland’s got better DeFi than this. And we barely have crypto ATMs. This is embarrassing. SHIDO? More like SHI-DON’T. And SHDX? Sounds like a virus you catch from bad Wi-Fi. Stop pretending this is innovation - it’s a graveyard with a website.

  • harrison houghton

    harrison houghton

    October 30, 2025 AT 07:45 AM

    The human condition is defined by our desire to create meaning in chaos. Shido DEX, in its fragile, underfunded, nearly invisible existence, is a mirror - reflecting our collective yearning to believe in something, anything, that isn’t controlled by the banks. The liquidity is thin, yes. But isn’t that also a metaphor? We trade in shadows, hoping the light will come. Maybe it won’t. But the act of trading - of choosing - is sacred.

  • Ray Dalton

    Ray Dalton

    October 30, 2025 AT 09:40 AM

    Honestly? This is the kind of project that survives because someone cares. Not because it’s profitable. Not because it’s big. Just because a few people believe in it. If you’re holding SHIDO or SHDX, use it. Keep your position small. Don’t expect miracles. But don’t dismiss it just because it’s quiet. Sometimes the quiet ones outlast the loud ones.

  • Bert Martin

    Bert Martin

    October 30, 2025 AT 11:30 AM

    I actually like this comment. It’s a good reminder. Sometimes the goal isn’t to beat Uniswap - it’s to just keep the lights on.

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