InformationTVLUnlocksFees and RevenueDEX Volume

Shadow Exchange (SHADOW)

Total Value Locked$39.37m

TVL by Chain

Sonic$39.37m

Key Metrics

Fees (Annualized)$18.71m

Fees 30d$1.53m

Fees 7d$456,067

Fees 24h$56,456

Cumulative Fees$38.27m

Revenue (Annualized)$13.44m

Revenue 30d$1.1m

Revenue 7d$348,004

Revenue 24h$46,262

Cumulative Revenue$17.53m

Holders Revenue (Annualized)$13.34m

Holders Revenue 30d$1.09m

Holders Revenue 7d$345,267

Holders Revenue 24h$46,010

Cumulative Holders Revenue$16.28m

Incentives (Annualized)$25.16m

Incentives 30d$2.06m

Incentives 7d$469,782

Incentives 24h$106,875

Cumulative Incentives$36.47m

Earnings (Annualized)-$11.72m

Earnings 30d-$960,962

Earnings 7d-$121,778

Earnings 24h-$60,613

Cumulative Earnings-$18.94m

DEX Volume 30d$898.82m

DEX Volume 7d$264.62m

DEX Volume 24h$36.75m

Cumulative DEX Volume$10.76b

Market Cap$8.27m

$SHADOW Price$18.09

All Time High$215.63

All Time Low$6.27

Fully Diluted Valuation$69.37m

$SHADOW Volume 24h$37.87m

CEX Volume$35.98m

DEX Volume$1.78m(4.7% of total)

Protocol Information

A Sonic-native concentrated liquidity exchange

WebsiteTwitter

Methodology

TVL: Total value of all coins held in the smart contracts of the protocol

Fees: Swap fees paid by usersView code on GitHubRevenue: Percentage of swap fees going to treasury and/or token holdersView code on GitHubHolders Revenue: User fees are distributed among holders.View code on GitHub

DEX Volume: Volume of all spot token swaps that go through the protocol

Incentives: Tokens allocated to users through liquidity mining or incentive schemes, typically as part of governance or reward mechanisms.

Earnings: Revenue of the protocol minus the incentives distributed to users

Income Statement for Shadow Exchange

Q3 2025*Q2 2025Q1 2025Q4 2024
Fees$1.34m$13.33m$23.59m$6,180
Revenue$975,480$6.98m$9.57m$309
Incentives$1.76m$14.76m$19.94m$0
Earnings-$788,612-$7.78m-$10.37m$309
Token Holder Net Income$968,463$6.39m$8.92m$0