What is Shadow (SHADOW)?
SHADOW is the token from Shadow Exchange, a concentrated liquidity layer built on Sonic powered by [x(3,3)](https://docs.shadow.so/pages/x-33)—a more fluid and accessible exchange model. SHADOW can freely be converted to xSHADOW to earn 100% of protocol fees, vote incentives, and rebases from Shadow Exchange. Shadow delivers an ultra-responsive trading experience on par with Sonic's speed, while also taking advantage of Sonic's FeeM to improve user experience through dynamic fees and arbitrage (MEV).
Where can you buy Shadow?
Shadow (SHADOW) is traded on a wide range of centralized and decentralized exchanges. The most liquid markets for SHADOW sit on tier-1 venues - the sort of exchanges where institutional desks and professional market makers rebalance continuously - which is what keeps the spread tight and the last price tied closely to fair value.
You can open the Markets section above to see the live list of exchanges quoting SHADOW, sorted by 24-hour volume. Each row links to the venue's trade page so you can go directly from research to execution without copying the ticker around by hand.
What is the daily trading volume of Shadow (SHADOW)?
The reported 24-hour trading volume of Shadow is $140.87K. Volume is a live reading of how much SHADOW changed hands across all tracked exchanges in the past day and tends to rise during periods of price discovery and fall during consolidation.
For traders, the ratio between volume and market cap is often more informative than either number on its own: a high vol-to-mcap ratio indicates liquid, actively traded supply, while a low ratio suggests that most holders are sitting on the asset.
What is the highest and lowest price for Shadow (SHADOW)?
Shadow reached an all-time high of $215.63 on February 20, 2025, and an all-time low of $0.3344 on June 25, 2026. It is currently trading -99.60% from its peak and +157.94% from its bottom.
The distance from ATH is a useful gauge of recovery potential during a bear market and of stretched positioning during a bull market. Combined with the all-time-low figure it provides a quick statistical frame for thinking about where SHADOW sits in its long-run price range.
