Shadow Change has been witnessing unimaginable development, exceeding expectations, with its $115 million TVL and $8.092 million price revenues generated in simply two weeks. That is in accordance with knowledge reported by CryptoRank.io in the present day.
This large development locations Shadow Change among the many prime rivals within the broader cryptocurrency market.
Shadow Change is a centralized cryptocurrency alternate launched by Sonic Labs over the previous month. At present, the alternate is without doubt one of the booming markets within the Sonic ecosystem.
Shadow Change TVL Develop and Charges Stats
Shadow Change’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 for the reason that… pic.twitter.com/MPulgeyDvx
— CryptoRank.io (@CryptoRank_io) February 20, 2025
Shadow’s TVL hits $115 million in two weeks
Shadow Change achieved a breakthrough in its TVL, reaching $115 million within the final two weeks. This means the alternate’s vital development 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 in the present day Feb.20. The ecosystem maintains a strong community enthusiasm and buying and selling platform’s attractiveness to merchants on the lookout for a simplified interface with decentralized choices and all kinds of instruments and assets.
The profitable development of community liquidity, by way of its ascending sample (as proven within the graph above), suggests constructive developments for the Shadow alternate.
The rising adoption and functions assist this rise for the reason that alternate attracts in additional customers and attracts extra built-in companies and DApps into its ecosystem.
Shadow generates $8.092 million in price revenues
Additionally, Shadow Change has witnessed an enormous improve in price revenues collected during the last two weeks, as per knowledge provided by Cryptorank.io.
Over the previous two weeks, Shadow’s liquidity swimming pools generated $8.092 million in price revenues. This unimaginable surge in charges is majorly triggered by the rising curiosity in buying and selling belongings amongst traders.
The rise in Shadow’s price revenues coincides with a surge within the platform’s buying and selling quantity. Over the previous two weeks, the alternate’s spot buying and selling quantity reached $1,114 million. This exponential development is attributed to the elevated involvement of retail merchants and institutional traders within the digital asset market.
In the meantime, the worth of its native token, SHADOW, has risen 4 occasions for the reason that 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 in the present day, 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.
