SHX Supply Figures in Limbo as Payments Token Trades Amidst Market Volatility

Stronghold (SHX) is a payments token issued on the Stellar network. It was created on December 22, 2018, and has separate contracts on Ethereum and Solana. The asset is designed to facilitate settlement and coordination across a payments rail rather than secure its own chain.

According to data from CoinGecko, SHX's market cap stands at $70,945,384, while the circulating supply is reported as 18.38 billion. However, this figure differs significantly from the implied circulating supply of about 5.80 billion on CoinPaprika and the total issuance of 99,747,757,785 SHX on the Stellar chain.

The token has a thin book with daily volume at $1,002,898, indicating a slow market. Despite this, SHX outperformed the broader altcoin market on September 5, 2026, rising +9.32% and finishing the week +14.29%. However, its performance should be viewed in context, as it was part of a broad altcoin rally.

The article highlights the complexity of SHX's supply figures, which cannot be reconciled across different sources. The token exists in multiple places, including a 45-byte EIP-1167 proxy on Ethereum and a 4,096-byte contract with a total supply of exactly 100,000,000,000.