What is Shadow Token (SHDW)?
$SHDW is the utility token that powers the Shadow dePIN ecosystem providing decentralized storage, compute, and network orchestration to its users. Users utilize $SHDW to pay for decentralized data storage, compute, and other utilities. Compute, storage, and bandwidth are brought to the Shadow network by Shadow Operators who stake SHDW to secure their nodes and earn revenue based on their contributions to the network.
How does Shadow Token work?
Powering the Shadow ecosystem is DAGGER: a scalable and bandwidth-efficient L1/L2 hybrid powered by a custom consensus mechanism designed to orchestrate distributed systems, manage large amounts of data stored across decentralized networks, and more. DAGGER networks can be deployed as public permissionless Layer2 networks across any Layer1 protocol or be deployed as privately Layer1 protocols for private use. DAGGER's implicit voting design reduces communication overhead, resulting in faster data retrieval and cost reduction for users compared to other decentralized systems.
What is Shadow Token used for?
Experience the future of decentralized data storage with Shadow Drive, the cornerstone product of the Shadow Ecosystem. Designed to seamlessly integrate with applications and systems on the Solana blockchain and beyond, Shadow Drive prioritizes data security and integrity through its hierarchical model. With robust auditing and repair procedures, it ensures system resilience, making it the ideal choice for Web3 builders creating hosting services, CDNs, social media apps, and more. Join us in the Shadows!
Where can you buy Shadow Token?
Shadow Token (SHDW) is traded on a wide range of centralized and decentralized exchanges. The most liquid markets for SHDW 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 SHDW, 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 Token (SHDW)?
The reported 24-hour trading volume of Shadow Token is $25.95K. Volume is a live reading of how much SHDW 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 Token (SHDW)?
Shadow Token reached an all-time high of $2.82 on January 5, 2022, and an all-time low of $0.0128 on October 16, 2022. It is currently trading -98.97% from its peak and +127.67% 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 SHDW sits in its long-run price range.
What is the market cap of Shadow Token (SHDW)?
Shadow Token's market capitalization is currently $4.91M, and it is ranked #1727 by market cap on Cryptopricing. Market cap is calculated as the current price multiplied by the circulating supply (169.05 million SHDW are actively circulating today).
Market cap is a common but imperfect measure. It reflects the theoretical value of every circulating token at the current market price, but it doesn't capture how thin the top of the order book might be - an important caveat for tokens with low floats or illiquid cap tables.
What is the fully diluted valuation of Shadow Token (SHDW)?
The fully diluted valuation (FDV) of Shadow Token is $4.91M. FDV is a projection of what the market cap would be if every token that will ever exist - including those that have not yet been unlocked, mined or issued - were in circulation at the current price.
FDV is a useful second reading alongside market cap. A large gap between mcap and FDV signals that future token emissions could dilute current holders, while a small gap indicates that supply is already mostly out.
How does the price performance of Shadow Token compare against its peers?
Over the past 24 hours, Shadow Token has moved -3.80%. Over the past seven days, the change is -4.20%. Comparing these figures to the global crypto market cap change (shown in the ticker at the top of this page) tells you whether SHDW is leading, lagging or tracking the broader market.
For deeper analysis, the categories strip on the home page groups coins by theme - Layer 1, Meme, DePIN, AI, RWA and so on - and lets you compare Shadow Token against its closest peers. The category detail pages surface the underlying coins and their seven-day sparklines in a single view.
How to store Shadow Token?
Like any crypto asset, the right way to store SHDW depends on how often you plan to use it. Long-term holders typically self-custody using a hardware wallet such as Ledger or Trezor, which keeps private keys offline and immune to most remote attacks.
For active traders, a reputable custodial exchange wallet can be appropriate, especially one with clear proof-of-reserves attestations. Whatever approach you choose, the most important rule is to keep your recovery phrase offline, never share it, and never enter it into a web form or attached to a DM - no legitimate support agent will ever ask for it.
