With crypto adoption worldwide crossing 500 million, Shardeum aims to tap into India’s on-chain opportunity with the EVM testnet.
Layer-1 blockchain Shardeum announced the launch of its EVM-compatible testnet as part of its mission to build the decentralised application (DApp) ecosystem in India. The network integrates widely used Ethereum Virtual Machine (EVM) infrastructure, giving developers immediate compatibility.
The launch underscores Shardeum’s vision of creating a decentralised network that is affordable, accessible, and designed for the scale of India’s digital economy.
Nischal Shetty Co-Founder, Shardeum “Shardeum is being built with a simple but ambitious goal: to take decentralisation to the masses, and build the dApp ecosystem in India. We want to ensure every Indian can participate in the open and decentralised financial network that is growing across the world and Indian devs can create successful dApps for this ecosystem. The EVM launch is the first step to make that possible.”
In parallel with the testnet, Shardeum is preparing a re-denomination of its native SHM token, changing supply from 250 million to 60 billion. Every holder will see balances multiplied 240x without dilution. The change is aimed at making SHM more divisible and user-friendly.
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