Price change (24h):
2.61%
High (24h):
$0.546632
Low (24h):
$0.515879
Volume (24h):
$5.22K
Market Cap:
$513.46K
All Time High:
99.75% $215.63
Feb 21, 2025
All Time Low:
12% $0.48
Jun 10, 2026
97.28 %(1Y)
$0.546632
Price change (24h):
2.61%
High (24h):
$0.546632
Low (24h):
$0.515879
Volume (24h):
$5.22K
Market Cap:
$513.46K
All Time High:
99.75% $215.63
Feb 21, 2025
All Time Low:
12% $0.48
Jun 10, 2026
Shadow Exchange (SHADOW) is a cryptocurrency launched in 2024. The asset anchors the Shadow Exchange, a concentrated liquidity automated market maker deployed natively within the Sonic ecosystem.
The platform’s singular focus is dismantling the capital inefficiencies embedded in legacy constant-function market makers. Shadow implements a ve(3,3) inspired architecture where staking one token yields fee capture rights, governance influence, and anti-dilution rebases—a structural response to the chronic mercenary liquidity that plagues decentralized venues. It is a machine for aligning time preferences.
The protocol operates on the Sonic network. Sub-second finality from the underlying chain gives traders an execution cadence that feels indistinguishable from centralized order books, while the exchange itself stays entirely non-custodial.
Concentrated liquidity sits at the core, allowing market makers to bunch capital inside custom price bands. This telescopes depth where it matters most. Shadow further integrates Sonic’s FeeM framework, a dynamic fee and maximal extractable value (MEV) redistribution engine that captures arbitrage profits and funnels them back into protocol-owned incentives rather than leaking value to external searchers. The x(3,3) mechanism layers onto this by making a staked representation of SHADOW the sole conduit for fee flows.
Shadow Exchange materialized in late October 2024 without a named team, emerging organically as one of the first native trading venues to stake a claim on Sonic. The anonymous developers open-sourced the codebase immediately, letting anyone audit the fee-absorbing, rebasing logic that governs the token economy.
The long-term thesis avoids ephemeral yield farming gimmicks. It aims to construct a self-reinforcing liquidity sphere where every basis point of trading fee, every unit of MEV recapture, and every inflation offset binds participants more tightly to the protocol’s survival. Escape becomes costly.
SHADOW converts one-to-one into xSHADOW, a non-transferable receipt token. Holding xSHADOW grants a pro-rata claim on 100% of protocol trading revenue, periodic rebase emissions that continually penalize non-stakers, and vote-locked control over gauge weights that steer future incentive distribution across dozens of liquidity pools.
A stablecoin-Sonic liquidity provider who mints xSHADOW on their position earns a multiplier on rewards and simultaneously directs incentive streams toward that very pool. The vote itself is not ceremonial; it systematically demotes or elevates pools each epoch, recalculating the financial gravity inside the exchange every single week.
Shadow Exchange has a maximum supply of 10,000,000 tokens. Currently, 891,585.07 SHADOW are in circulation. With a market capitalization of $677,422.00, Shadow Exchange ranks #3,381 among all cryptocurrencies.
| Date | Open | Close | High | Low |
|---|---|---|---|---|
| 13/06/2026 | $0.53 | $0.53 | $0.54 | $0.52 |
| 12/06/2026 | $0.54 | $0.54 | $0.56 | $0.52 |
| 11/06/2026 | $0.52 | $0.54 | $0.56 | $0.48 |
| 10/06/2026 | $0.53 | $0.52 | $0.55 | $0.50 |
| 09/06/2026 | $0.54 | $0.53 | $0.55 | $0.50 |
| 08/06/2026 | $0.53 | $0.54 | $0.56 | $0.52 |
| 07/06/2026 | $0.52 | $0.53 | $0.57 | $0.51 |
| 06/06/2026 | $0.53 | $0.52 | $0.54 | $0.51 |
AI trades 24/7 automatically Catch every opportunity
Zero-emotion algorithm Disciplined strategy
Passive income Set & forget automation
20,000+
traders trusted Stoic AI
$200M+
in cumulative assets under management since inception
2015
year of company foundation
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