On February 21, Shadow, a DeFi project of Sonic Ecosystem, posted on social media that the platform’s transaction volume in the past 24 hours reached 252,856,099 US dollars, setting a record high, surpassing Hyperliquid (US$137 million), Berachain (US$178 million), Avalanche (US$96.1 million), and Polygon (US$105 million).
According to CoinGecko data, SHADOW once broke through US$200 in the early hours of this morning, and is now quoted at US$181.72, with a 24-hour increase of 54.8%. The total 24-hour transaction volume of the entire network reached US$20.68 million, the market value was temporarily reported at US$40.36 million, and FDV was temporarily reported at US$585 million.
According to the explanation of Andre Cronje, founder of Sonic Labs, SHADOW’s project positioning and token model is x(3,3). This model has been improved on the basis of ve(3,3). Coin holders can obtain fee income without locking their positions, and can get more incentives after locking xSHADOW.
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