Shido DEX Crypto Exchange Review: Is This Decentralized Exchange Worth Your Time?

Shido DEX Crypto Exchange Review: Is This Decentralized Exchange Worth Your Time?

Trading Slippage Calculator

How Liquidity Affects Your Trades

Shido DEX has a 24-hour trading volume of just $3,930, which is significantly lower than major exchanges. This low liquidity creates high slippage - the difference between the price you see and what you actually pay.

Warning: Trading on exchanges like Shido DEX can result in significant slippage and losses. The calculator below demonstrates potential slippage based on typical low-liquidity conditions.

When you hear the name Shido DEX, you might think it’s another promising decentralized exchange like Uniswap or PancakeSwap. But the reality is far different. Shido DEX isn’t just small-it’s nearly invisible in today’s crypto market. With a 24-hour trading volume of just under $4,000, it doesn’t even register on the radar of serious traders. If you’re looking for liquidity, reliability, or real trading power, Shido DEX won’t deliver. But if you’re curious about what happens when a project launches with big promises and zero traction, this review will show you exactly why most people walk away.

What Is Shido DEX, Really?

Shido DEX is part of the Shido Network, a self-described Layer 1 blockchain platform that claims to offer "freedom to trade on your terms." It’s built to let users trade crypto directly from their wallets without a middleman-standard for decentralized exchanges. But unlike Uniswap, which supports thousands of tokens and billions in daily volume, Shido DEX only lists three coins and four trading pairs. The most active pair is USDC against a token with a long, messy contract address: 0x8CB... That’s not a sign of innovation. That’s a sign of neglect.

The platform uses two native tokens: SHIDO and SHDX. They appear to be the same project under two names, likely due to rebranding or confusion in listing. CoinMarketCap added SHIDO in October 2024, and CoinGecko lists SHDX. But even with that visibility, the numbers don’t lie. The 24-hour volume is $3,930.38. That’s less than what a single whale might trade on Uniswap in five minutes. There’s no way to get in or out of a position without massive slippage. If you buy $100 worth of SHDX, you might end up paying $110 by the time the trade settles.

Why the Price Is So Volatile

The token price swings are wild. In October 2024, SHDX dropped 24.6% in just seven days, while the broader crypto market only fell 4.2%. That’s not market movement-it’s panic. Some sources, like MEXC, claimed SHIDO had an 88% price spike in a prior month. But that kind of spike usually happens when a small group of people pump the token, then dump it on new buyers. That’s exactly what’s happening here.

Changelly’s long-term forecast says SHIDO could hit $1.25 by 2050. That’s 25 years away. And even then, they’re predicting an average price of just $0.77 in January 2050. That’s not a roadmap-it’s a fantasy. Meanwhile, BeInCrypto’s technical analysis says the price is in a neutral trend, with no clear direction. No bullish signal. No breakout pattern. Just a token stuck in a dead zone.

Zero Liquidity, Zero Trust

Liquidity is the lifeblood of any exchange. Without it, you can’t trade. Without deep order books, prices don’t reflect real value-they reflect whoever just clicked "buy". Shido DEX has $3,930 in daily volume. Uniswap does $1.5 billion. That’s a difference of 381,000 times. No trader with any experience would risk their capital here.

Even small DEXs like SushiSwap or KyberSwap have daily volumes in the tens of millions. Shido DEX doesn’t even make the top 1,000 exchanges by volume. CoinGecko lists it, but there are no user reviews, no community ratings, no comments. Just a blank space where trust should be. The platform has 1,023 holders, according to CoinGecko. That’s fewer than a single Reddit thread about Dogecoin. Compare that to Uniswap, which has millions of unique wallets interacting with it every month.

A giant Uniswap castle contrasts with a tiny broken box labeled Shido DEX, illustrating massive volume disparity.

Who’s Using It-and Why?

The only people using Shido DEX are speculators chasing hype. They’re drawn in by headlines like "Shido DEX integrates with CoinMarketCap!" That integration means nothing in practice. It just lets you see the price on CoinMarketCap. It doesn’t improve the exchange, add liquidity, or make trading easier. It’s a marketing tactic, not a technical upgrade.

WEEX, a centralized exchange, says Shido DEX "may be listed in the future." That’s not a commitment. That’s a polite way of saying "we’re watching, but we’re not investing." There are no official guides, no tutorials, no Discord servers, no GitHub repos. If you get stuck trying to connect your wallet, you’re on your own. No customer support. No FAQs. No help center.

Is There Any Real Value Here?

Let’s be blunt: no. Shido DEX offers nothing that existing DEXs don’t already do better. It doesn’t have lower fees. It doesn’t have faster transactions. It doesn’t have better security. It doesn’t even have a working community. The only "advantage" is that it’s a new token you can buy cheap-if you’re willing to risk losing it all.

If you’re thinking of investing because of a 2050 price prediction, you’re not investing. You’re gambling. And you’re gambling on a project that doesn’t even have a functioning ecosystem. There’s no team profile. No whitepaper update. No roadmap beyond "we’re on CoinMarketCap now." That’s not innovation. That’s noise.

A crypto graveyard with sinking tokens and a ghost pointing at a '2050 prediction' sign under a wallet-shaped moon.

What Happens If You Try to Trade Here?

Let’s say you decide to give it a shot. Here’s what you’ll face:

  • You’ll need a Web3 wallet like MetaMask or Trust Wallet.
  • You’ll have to find the Shido DEX contract address manually-there’s no official website link to trust.
  • You’ll connect your wallet and swap USDC for SHDX.
  • When you try to sell, you’ll notice the price jumps 15% just because you’re trying to move $50.
  • You’ll wait minutes for your transaction to confirm, even though the network claims to be "fast."
  • You’ll realize no one else is trading. Your order sits there, unfilled.
  • By the next day, the price is down 10% again.
This isn’t trading. This is watching a coin die slowly.

How It Compares to the Rest of the Market

Shido DEX vs Major Decentralized Exchanges (October 2024)
Exchange 24H Volume Trading Pairs Active Holders Community Presence
Shido DEX $3,930 4 1,023 None
Uniswap $1.5B 10,000+ 10M+ Large, active forums, GitHub, Discord
PancakeSwap $800M 5,000+ 5M+ Strong community, regular updates
Curve Finance $400M 2,000+ 2M+ Developer-focused, transparent
The gap isn’t just big-it’s unbridgeable. Shido DEX doesn’t compete. It doesn’t even register. It’s a ghost in the machine.

Final Verdict: Avoid Unless You’re Speculating

Shido DEX isn’t a failure. It’s an afterthought. It’s a token with no utility, no liquidity, and no future. The CoinMarketCap integration didn’t save it. The price predictions won’t save it. The handful of holders won’t save it.

If you’re looking for a decentralized exchange to trade on, go with Uniswap, PancakeSwap, or dYdX. They’re proven. They’re liquid. They have teams that respond to issues. They have communities that grow.

If you’re just curious about Shido DEX, fine. Buy $10 worth of SHDX. See what it feels like to own a dead asset. But don’t call it an investment. Don’t call it a platform. Call it a warning.

Is Shido DEX safe to use?

Technically, yes-if you understand the risks. Shido DEX runs on a blockchain, so transactions are immutable and don’t require a central authority. But safety isn’t just about technology. It’s about liquidity, community, and accountability. Shido DEX has none of those. If the project vanishes tomorrow, your tokens become worthless. There’s no team to contact, no support, no backup plan.

Can I buy SHIDO or SHDX on Binance or Coinbase?

No. Shido DEX tokens are not listed on any major centralized exchange like Binance, Coinbase, or Kraken. The only way to buy them is through the Shido DEX platform itself using a Web3 wallet. That means you need to already have crypto like USDC or ETH to swap. It’s a closed loop with no exit strategy.

Why does Shido DEX have two tokens, SHIDO and SHDX?

There’s no official explanation. It’s likely a rebranding mess or confusion between different listing platforms. CoinMarketCap lists SHIDO, while CoinGecko lists SHDX. They point to the same blockchain and same contract address. This inconsistency is a red flag. Legitimate projects don’t have two names for the same asset-it confuses users and erodes trust.

Is Shido DEX a scam?

It’s not a classic scam like a rug pull where the team disappears with funds. But it’s close. The project has no clear team, no roadmap, no updates, and no community. It’s a low-volume token with a flashy integration and zero substance. Most experts consider it a speculative dead end. If you’re buying it hoping for a return, you’re betting on luck, not logic.

What’s the best alternative to Shido DEX?

For spot trading, use Uniswap (Ethereum) or PancakeSwap (BSC). For futures, try dYdX or Hyperliquid. These platforms have deep liquidity, real user bases, active development teams, and transparent governance. You can trade thousands of tokens with minimal slippage. Shido DEX doesn’t even come close. Stick with platforms that have proven track records, not hype-driven tokens with no future.

19 Comments
  1. Laura Hall

    Bro just bought $50 of SHDX because the chart looked "cute" and now I’m watching it die slowly like a plant in a windowless room. No one’s trading, no one’s talking, and the website doesn’t even load right on mobile. I feel like I got scammed by a Discord bot.

  2. Arthur Crone

    This isn't a review it's a eulogy. Shido DEX is dead before birth. 4 trading pairs? 1k holders? You think this is a DEX? Nah. It's a crypto tombstone with a CoinMarketCap plaque. Waste of gas fees.

  3. Rebecca Saffle

    I don't care if it's American or not. If your project can't even get 10k volume a day you're not building anything. You're just taking money from people who don't know better. This is why crypto gets a bad name. No team. No roadmap. No future. Just a ticker and a prayer.

  4. Adrian Bailey

    Okay so I did a deep dive into this thing after seeing the post. I checked the contract on Etherscan, looked at the holder distribution, and yikes. Like 7 wallets hold over 60% of the supply. One wallet alone has 22% and it hasn't moved in 8 months. That’s not decentralization, that’s a cozy little pump club. And the gas fees for swapping are higher than the token’s market cap. I’m not mad, I’m just disappointed. I thought maybe this was the next big thing, but nah. It’s a ghost town with a shiny logo.

  5. Rachel Everson

    If you're new to DeFi, please don't touch this. Go learn on Uniswap or PancakeSwap first. They have tutorials, communities, and actual devs who fix bugs. Shido DEX is like handing your keys to a car with no engine and hoping it'll start. It won't. Save yourself the stress and the lost funds.

  6. Johanna Lesmayoux lamare

    Dead asset.

  7. ty ty

    Someone actually wrote a whole post about this? I thought it was a joke. Like, did they think they were writing for Forbes? This is a crypto graveyard. If you’re reading this and thinking "maybe I’ll get rich" - you’re not investing, you’re donating to someone’s ego.

  8. BRYAN CHAGUA

    While the data presented is accurate and concerning, it is important to acknowledge that many decentralized projects begin with minimal traction. The absence of liquidity does not necessarily equate to malice. However, the lack of transparency, community engagement, and development activity significantly diminishes any potential for long-term viability. Investors should exercise caution and prioritize projects with demonstrable progress.

  9. Debraj Dutta

    From India, I’ve seen dozens of these projects. They launch, get listed on CoinMarketCap, attract 500 people who think they’re getting in early, then vanish. The real tragedy? These people lose their money, then blame the market. It’s not the market. It’s bad judgment. Avoid.

  10. tom west

    Let me break this down for the slow ones. Volume under $4k? That’s not a DEX, that’s a side project someone built in a weekend and forgot about. The fact that CoinGecko and CoinMarketCap list it under two different names? That’s not confusion - that’s incompetence or fraud. And if you think a 2050 price prediction means anything, you’re not a crypto investor, you’re a lottery ticket buyer. This isn’t a warning. It’s a public service announcement.

  11. dhirendra pratap singh

    OMG I just lost my life savings on this and now I’m crying in my mom’s basement. She says I should’ve listened to her. She was right. I’m so mad. Why does this keep happening? I thought this time was different. Now I’m scared to even look at my wallet. 😭

  12. Ashley Mona

    Hey I feel you, I got burned too. But here’s the silver lining - I learned the hard way to check liquidity depth before swapping. Now I only use DEXs with over $10M volume and real team profiles. It’s boring, but it keeps my portfolio alive. You’ll bounce back. Just don’t chase ghosts.

  13. Edward Phuakwatana

    This isn’t just a failed project - it’s a symptom of the entire speculative crypto ecosystem. We’ve normalized hype over fundamentals. We reward marketing over engineering. We glorify "early adopters" who are really just the first to get rug-pulled. Shido DEX is a mirror. It reflects our collective delusion: that if something is on-chain, it’s automatically legitimate. But blockchain doesn’t cure bad ideas. It just makes them immutable. And that’s the real danger.

  14. Suhail Kashmiri

    Bro you guys are overthinking this. It’s just a meme coin with a DEX wrapper. No team, no future, no worries. If you’re not here for the 100x gamble, why are you even reading this? Just buy when it’s down 90%, sell when it pumps 300%, and move on. That’s crypto. No tears. No regrets.

  15. Kristin LeGard

    Look, I’m American and I hate it when people trash American crypto projects, but this? This isn’t American innovation - this is American laziness. If you can’t even build a working website or a Discord server, you don’t deserve to be in this space. This is why the rest of the world thinks we’re all just gambling addicts with crypto wallets.

  16. Arthur Coddington

    I’ve watched this token go from "maybe" to "nope" to "why is this still alive?" It’s like watching a zombie movie where the zombie doesn’t even want to eat brains. It just wanders around moaning. The fact that it’s still listed on CoinGecko is the real horror story. Someone’s getting paid to keep this alive. Who? Why? What’s the endgame? I’ll never know. And honestly? I don’t want to.

  17. Phil Bradley

    Man, I used to think crypto was about freedom. Now I see it’s just a giant game of musical chairs with a blockchain soundtrack. Shido DEX? It’s not even a chair. It’s a cardboard box someone painted gold. And everyone’s still trying to sit on it. I’m just gonna go play chess now. At least the pieces don’t vanish after you move them.

  18. Stephanie Platis

    According to the data presented, the project exhibits severe deficiencies in liquidity, community engagement, and transparency. Furthermore, the inconsistent token nomenclature (SHIDO vs. SHDX) constitutes a material misrepresentation that undermines investor confidence. In accordance with established financial disclosure standards, such a project should be classified as non-viable and potentially fraudulent. Exercise extreme caution.

  19. Michelle Elizabeth

    I saw this on a TikTok ad. "Get rich with Shido DEX!" The influencer was wearing a gold chain and holding a laptop that said "100x in 30 days." I almost clicked. Then I remembered my last "sure thing" - that NFT monkey that turned into a JPEG of a potato. I’m not falling for it again. Not today, Satan.

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