This upgrade marks a significant milestone in Shardeum’s mission to build an inclusive, and developer-friendly blockchain ecosystem
FinTech BizNews Service
Mumbai, October 30, 2025: Shardeum, India’s leading EVM L1 blockchain built for speed and decentralization, has announced the transition of its network from a token-only model to a fully EVM-compatible mainnet. With this launch, all SHM, including staked tokens and unclaimed node rewards, will be redenominated at a 1:240 ratio and automatically updated in users’ balances. This upgrade marks a significant milestone in Shardeum’s mission to build an inclusive, and developer-friendly blockchain ecosystem. By combining smart contract support, EVM compatibility, and an efficient consensus mechanism, Shardeum is positioned as a strong platform for developers and enterprises building high-performance Web3 applications.
The token-only network was paused on October 28, 2025, at 04:30 AM UTC (block 2,639,029) and the new mainnet and token redenomination (1:240) is scheduled to go live at block 2,639,030 on October 30, 2025. The upgraded network uses Proof-of-Stake for security, delivering a fast, cheap, India-first smart contract platform. During this transition, deposits, withdrawals and trading of SHM on exchanges will be temporarily paused. Exchanges have confirmed support for the migration and will resume services once their upgrade process is completed, approximately by October 31, 2025. Instructions for setting up validator nodes on the Shardeum EVM mainnet will be shared soon.
Commenting on the launch, Nischal Shetty, Co-Founder, Shardeum stated, “The launch of Shardeum’s EVM mainnet is a key step toward driving real on-chain adoption in India. By making it easier for developers to build and deploy decentralized applications on a fast and low-cost network, we are empowering a new wave of innovators to bring blockchain technology closer to everyday use cases in India and beyond.”
