General Update

Shadow Exchange transacted $4B volume and generated $12M in fees on March 18th. And in just another 2.5 months, Shadow Exchange reached $8.8B volume and $20M fees! We are processing more and our holders and LPers are earning more!

The Shadow team had been busy traveling, cooking and shipping in the past months. Delivering new features improving user experience with new protocol tech every month since launch. We have traveled to Token2049 in Dubai and Sonic Summit in Vienna. $Shadow is listed on 10 CEXes including Binance Alpha. We attended interviews, open house chats, ask-me-anything (AMAs) bringing Shadow Exchange to the world with our hardcore passion of producing high quality products only.

And with every step in this journey, our great Discord community members, mods and admins must be praised in serving and assisting Shadow users technically, informationally or just being active and pumping positive energy into Shadow.

Protocol Statistics Updates

As of May 31, 2025,

• Total Volume: $8,829,126,393
• Total Fees: $20,093,261

$x33 Statistics: (19 epochs — Jan 15 — May 28)

• $x33/xShadow ratio: 1.6339
• $x33 overall APR: 173.50%
• Toal compounded value: $6,405,914

Protocol Listing Updates

In alphabetical order:

• Binance

  Alpha

• BingX
• BitMart
• CoinEx
• CoinW Exchange
• Koinpark Exchange
• LBank Exchange
• MEXC Global
• OKX Web3

  DEX

• Ourbit

UI and Functional Updates

New Swap UI — Live price chart, Direct $ amount input

New Swap Function — Multi-token swap; Use multiple tokens as input

Dedicated $x33 page — $x33 performance analytics, historical values, interactive xShadow/$x33 premium chart

Improved protocol statistics page — Interactive historical performance, detailed liquidity trading information

CCTP.TO — Built by Shadow, $USDC cross chain bridge with Zero fees