In the past 24 hours, Shadow has achieved a trading volume of $252 million, surpassing Hyperliquid and Berachain.

On February 21st, the DeFi project Shadow within the Sonic ecosystem posted on social media, indicating that the trading volume of the platform in the past 24 hours reached $252,856,099, reaching a new all-time high and surpassing Hyperliquid ($137 million), Berachain ($178 million), Avalanche ($96.1 million), and Polygon ($105 million). According to CoinGecko data, SHADOW briefly exceeded $200 early this morning and is currently trading at $181.72, with a 24-hour increase of 54.8%. The total 24-hour trading volume across all exchanges is $20.68 million, and the market capitalization is $40.36 million with a fully diluted value (FDV) of $585 million. According to the explanation of Sonic Labs founder Andre Cronje, the project positioning and token model of SHADOW follow a x(3,3) structure, which is an improvement on the ve(3,3) model. Token holders can earn fees without the need for staking, and locking xSHADOW can provide additional incentives.