Shadow
SHADOW Rank #2957Price chart
What is Shadow?
Overview
Shadow Exchange is a concentrated liquidity layer operating on the Sonic blockchain. It addresses the need for faster, more fluid exchange infrastructure by delivering trading speeds aligned with Sonic's performance while implementing dynamic fees and MEV optimization through Sonic's FeeM mechanism.
How it works
Shadow operates as a decentralized exchange built on Sonic and uses a liquidity model referred to as x(3,3) to enable more accessible trading. The protocol leverages Sonic's infrastructure to optimize transaction responsiveness and fee structures.
Token and supply
SHADOW serves as the exchange's native token and can be converted to xSHADOW, which grants holders a share of all protocol fees, voting rights on incentives, and rebases. The token has a maximum supply of 10 million and a total supply of approximately 4.1 million.
Where to trade SHADOW
3 exchanges · top 10
Live spot quotes from connected exchanges
SHADOW funding rates
Live perpetual funding on every connected exchange. Positive = longs pay shorts.
Contracts & chains
Exact contract or mint per network — the identity layer used for DEX routing.
On-chain routes
Networks with a connected DEX routing adapter.