Shadow Exchange Growth Surge

Shadow Exchange has been witnessing incredible growth, exceeding expectations, with its $115 million TVL and $8.092 million fee revenues generated in just two weeks. According to data reported by CryptoRank.io today, this tremendous growth places Shadow Exchange among the top competitors in the broader cryptocurrency market.

Shadow Exchange is a centralized cryptocurrency exchange launched by Sonic Labs over the past month, becoming one of the booming markets in the Sonic ecosystem.

Shadow Exchange TVL Growth and Fees Stats

Shadow Exchange’s TVL has more than doubled this week, reaching $115M. In the past 24 hours, the trading volume reached $158M, and liquidity pools have generated over $578K in fees.

The $SHADOW token has surged 4x since the launch.

CryptoRank.io (@CryptoRank_io) February 20, 2025

Shadow’s TVL Hits $115 Million in Two Weeks

Shadow Exchange accomplished a breakthrough in its TVL, reaching $115 million in just two weeks from Feb. 5 to Feb. 20. It started on Feb. 5 with a TVL of $12 million, peaking today. The ecosystem maintains robust network enthusiasm and attracts traders looking for a simplified interface with decentralized options and a variety of tools and resources.

The successful growth of network liquidity shows positive trends for the Shadow Exchange as increasing adoption and applications draw in more users and integrated services and DApps into its ecosystem.

Shadow Generates $8.092 Million in Fee Revenues

Shadow Exchange has seen a huge increase in fee revenues collected over the last two weeks, accumulating $8.092 million. This surge in fees is largely due to the increased interest in trading assets among investors.

The increase in fee revenues coincides with a surge in the platform’s trading volume, totaling $1,114 million in two weeks. This exponential growth is attributed to the involvement of retail and institutional investors in the digital asset market.

Meanwhile, the price of its native token, SHADOW, has risen four times since the start of this week, reaching a new ATH of $201.83 today. At press time, it is trading at $193.54, slightly down from its peak. These figures signal positive performance for its ecosystem.