Shadow Exchange – Sonic's Concentrated Liquidity DEX

Experience low slippage swaps, x(3,3) incentives, and dynamic fees on a high-throughput chain.

Shadow Exchange is a decentralized exchange built on the ultra-fast Sonic blockchain. Leveraging concentrated liquidity and innovative x(3,3) incentive mechanics, it delivers sub-second trades with minimal slippage. With a TVL exceeding $70M, Shadow is a major player in Sonic’s DeFi landscape :contentReference[oaicite:1]{index=1}.

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What is Shadow Exchange?

Shadow Exchange is an order-style, concentrated liquidity DEX that allows liquidity providers to allocate capital to specific price ranges. Built for speed and efficiency, it offers algorithmic fee adjustment, voting rewards, and rebases—all powered by Sonic’s low-cost, high-speed infrastructure :contentReference[oaicite:2]{index=2}.

Core Features

SHADOW Token & Governance

SHADOW is the platform’s native token used for staking, governance, and liquidity rewards. When converted to xSHADOW, it unlocks voting rights and protocol fees. Tokenomics include a 10 M cap, with a circulating supply around 362K and a current market price near $27 :contentReference[oaicite:7]{index=7}.

Growth & Market Metrics

Shadow Exchange reports a TVL of over $74M and weekly incentives nearing $3M :contentReference[oaicite:8]{index=8}. SHADOW’s market cap is approximately $9.9M, with recent trading volume around $2.45M, indicating active on-chain participation :contentReference[oaicite:9]{index=9}.

Frequently Asked Questions (FAQ)

1. What is x(3,3)?

x(3,3) is Shadow’s incentive model allowing users to stake SHADOW flexibly and earn fees, rewards, and rebases without long-term locks :contentReference[oaicite:10]{index=10}.

2. How does concentrated liquidity work?

It allows liquidity providers to focus assets within specific price ranges, improving fee efficiency and reducing slippage :contentReference[oaicite:11]{index=11}.

3. What makes Shadow fast and cheap?

Built on Sonic, which offers sub-second transactions and Fee Monetization, Shadow provides fast and low-cost trading :contentReference[oaicite:12]{index=12}.

4. How can I start trading?

Visit the Shadow Exchange app, connect your Sonic-compatible wallet, and begin swapping or providing liquidity.

5. Is SHADOW available on CEX?

SHADOW is trading on platforms like CoinMarketCap-listed exchanges, with real-time pricing and liquidity :contentReference[oaicite:13]{index=13}.

6. Is Shadow secure?

Yes—Shadow employs audited smart contracts, robust architecture, and a community-led governance model to ensure safety.

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