Shimmer Network (SMR) is a scalable and feeless network that aims to enable frictionless decentralized and scalable Web3 economies. It is built as a feeless, parallelized DAG (Directed Acyclic Graph) ledger, designed to secure and create fully customizable smart contract chains. The tokenization framework of Shimmer guarantees full interoperability, composability, and feeless value transfers between smart contract chains, making it a truly scalable multi-chain network.
The Shimmer network allows users to mint, manage, and transfer native tokens and NFTs (non-fungible tokens) with zero fees. Custom tokens are treated as first-class citizens and can be minted and transferred feelessly, even by Layer 2 smart contracts anchored to the network. Shimmer also revolutionizes the NFT space by removing fees for their creation and trading. NFTs on Shimmer act as standalone wallets, capable of holding other NFTs, tokens, and storing immutable on-chain data.
With its ShimmerEVM testnet, Shimmer offers a fully EVM-compatible smart contract chain that enables scalable, fast, secure, and parallel processing of smart contracts. Developers can build decentralized applications (DApps) with IOTA Smart Contracts and deploy them on the ShimmerEVM testnet. Shimmer eliminates the need for bridges, ensuring unhindered cross-chain interoperability through bridgeless asset transfers. Its DAG architecture and parallelization allow for scalable, unstoppable multi-chain economies, breaking the dependency on second layer scalability solutions.