Shadow Trade has been witnessing unbelievable progress, exceeding expectations, with its $115 million TVL and $8.092 million payment revenues generated in simply two weeks. That is in accordance with information reported by CryptoRank.io at the moment.
This great progress locations Shadow Trade among the many high opponents within the broader cryptocurrency market.
Shadow Trade is a centralized cryptocurrency change launched by Sonic Labs over the previous month. At the moment, the change is among the booming markets within the Sonic ecosystem.
Shadow Trade TVL Develop and Charges Stats
Shadow Trade’s TVL has greater than doubled this week, reaching $115M. Up to now 24 hours, the buying and selling quantity reached $158M, and liquidity swimming pools have generated over $578K in charges.
In the meantime, the $SHADOW token has surged 4x because the… pic.twitter.com/MPulgeyDvx
— CryptoRank.io (@CryptoRank_io) February 20, 2025
Shadow’s TVL hits $115 million in two weeks
Shadow Trade achieved a breakthrough in its TVL, reaching $115 million within the final two weeks. This means the change’s important progress in TVL, which grew to become noticeable from Feb.5 to Feb.20.
Shadow started Feb.5 with TVL at $12 million and peaked at $115 million at the moment Feb.20. The ecosystem maintains a strong community enthusiasm and buying and selling platform’s attractiveness to merchants searching for a simplified interface with decentralized choices and all kinds of instruments and sources.
The profitable progress of community liquidity, by its ascending sample (as proven within the graph above), suggests constructive traits for the Shadow change.
The rising adoption and purposes assist this rise because the change attracts in additional customers and attracts extra built-in companies and DApps into its ecosystem.
Shadow generates $8.092 million in payment revenues
Additionally, Shadow Trade has witnessed an enormous enhance in payment revenues collected during the last two weeks, as per information equipped by Cryptorank.io.
Over the previous two weeks, Shadow’s liquidity swimming pools generated $8.092 million in payment revenues. This unbelievable surge in charges is majorly triggered by the rising curiosity in buying and selling belongings amongst traders.
The rise in Shadow’s payment revenues coincides with a surge within the platform’s buying and selling quantity. Over the previous two weeks, the change’s spot buying and selling quantity reached $1,114 million. This exponential progress is attributed to the elevated involvement of retail merchants and institutional traders within the digital asset market.
In the meantime, the value of its native token, SHADOW, has risen 4 occasions because the begin of this week regardless of sustaining a comparatively low market capitalization of $40 million.
The SHADOW token has been in a bull run since its launch over the previous 30 days. Its worth has been up 1880.9% over the previous month. The asset’s worth reached a brand new ATH of $201.83 at the moment, Feb.20. At press time, the asset is buying and selling at $193.54, 1.51% decrease from the very best worth. These constructive figures sign that its ecosystem is doing effectively.
