Bitfinex commenced trading of Shardeum’s native token, SHM, on May 8, 2025, alongside several leading global exchanges, marking a new phase for this scalable EVM platform.

This listing elevates Shardeum’s visibility in the decentralized finance landscape, promising widened exchange access and potential liquidity influx across multiple platforms.

SHM Token Launch Enhances Shardeum’s Crypto Expansion

The Shardeum (SHM) token launched on Bitfinex, marking a pivotal step for the platform’s expansion. This event highlights Shardeum’s momentum in the crypto ecosystem, spearheaded by notable blockchain advocates.

Key figures Nischal Shetty and Omar Syed, Shardeum’s co-founders, emphasize the platform’s significant scalability strides. Their history in the industry adds credibility to the token’s market debut.

Exchange Listings May Boost SHM Market Liquidity

SHM’s listing on multiple exchanges might bolster market liquidity and developer activity. This event draws attention from both institutional and retail investors, expanding Shardeum’s footprint in the EVM-compatible blockchain arena.

The financial prospect focuses on the trading incentives, with MEXC launching a campaign attracting significant user engagement. This echoes trends witnessed in previous Layer 1 listings aiding in ecosystem vibrancy and liquidity expansion.

Experts Predict SHM’s Market Adoption Parallel to Arbitrum

Drawing parallels with Arbitrum and Polygon launches, this listing could amplify developer adoption and market interest, often leading to liquidity enhancements. Similar past launches saw heightened community engagement and token movements.

Experts highlight the potential for cross-chain applications and liquidity enhancements in DeFi, underscoring opportunities for growth. Historical data suggests this could result in increased Mainnet performance and user adoption. “SHM Now Trading on These Exchanges. All listings went live on May 8, 2025, at 10:00 AM UTC approximately. Please refer to each exchange’s site for details and trading pairs.” Shardeum Official Blog

Disclaimer: This website provides information only and is not financial advice. Cryptocurrency investments are risky. We do not guarantee accuracy and are not liable for losses. Conduct your own research before investing.

The post Shardeum’s SHM Now Listed on Bitfinex and Major Exchanges appeared first on Kanalcoin.

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Filed under: News - @ May 9, 2025 12:26 pm