The #1 app in crypto by revenue-to-marketcap isn't @HyperliquidX. It's not @Solana. 🔶 It's @ShadowOnSonic, a DEX on @SonicLabs. @MessariCrypto just dropped their full research report on how we're quietly becoming the most capital-efficient protocol in the game 👇

Why $SHADOW Shadow Exchange on $S @SonicLabs absolutely dominates Sonic on chain activity? This is for plebs who are new to Sonic ecosystem and don't know which projects are crown jewel of Sonic and probably whole of Crypto. Let's dive in 🧵🔻

Congratulations to $SHADOW @ShadowOnSonic 🥳10 Billion in total volume on Sonic network $S

Join us for a special AMA with @PeapodsFinance tomorrow at 3pm EST! 🔶 We’ll dive deep into the px33 Pod: 🔸 Yield mechanics & up-only exchange rate (1 px33 = 1.07 x33!) 🔸 Single-sided & (non-)leveraged LP strategies Set your reminder & see you there! x.com/i/spaces/1mrGmPmRBDdKy

We've built a fee-free CCTP v2 frontend as a public good for the Sonic ecosystem. Transfer your $USDC across chains with no added bridge fees. cctp.to 🔗 What's in Circle's CCTP v2? 🔸 Fast Transfers - seconds instead of minutes 🔸 Hooks for automated post-transfer actions 🔸 Native 1:1 transfers for maximum capital efficiency 🔸 True cross-chain token portability Our implementation is completely free - we don't add any fees on top of Circle's protocol. Accessible, efficient cross-chain $USDC transfers for all Sonic users.

Why the $MILK launch went so smooth and how Shadow helped? thread 👇🧵

Ratio'd. $SHADOW asserting dominance at 0.24 📉 Lower P/E = More real yield per $ 📈 Don't just chase price. Follow revenue. Shadow World Order

Bridge Integration 🔶 @deBridgeFinance is now live on Shadow! Trade and swap assets across multiple chains directly within our platform. 🔸 Blazingly fast cross-chain transfers 🔸 Bridge ETH, USDC, and other assets with guaranteed rates 🔸 Seamless cross-chain swaps in a single transaction 🔸 Zero-TVL design for maximum security

Binance 昨天上线了 3 个 Sonic 链的项目，并且也是首次上线 Sonic 链的项目。 众所周时，Alpha 是币安的现货/合约等候室，上线 Alpha 大概率就会上线现货或者合约的交易。所以，我觉得近期可以多关注一下 Sonic 链的情况。 下面介绍一下，这期 Binance Alpha 的 $Shadow @ShadowOnSonic 。 1️⃣x33机制 说到Ve模型，想必大家已经很熟悉了，这一模型是上轮周期中 Curve 的模型，用户可以将Token 进行一定时间的锁定来换取投票权和代币比例的不变。 本质上VeToken 就是个无法进行买卖的治理代币，但是 VeToken 1.缺乏退出机制：用户的 VeToken 被锁定，无法中途退出。 2.无效投票：VeToken 持有者不积极参与治理投票，投票权没有很好的发挥作用。 Shadow 对于Ve模型进行了一些微创新 用户可以质押 SHADOW 代币变成 xSHADOW 代币，这里的 xSHADOW 和 VeToken 一样享有协议的治理权和手续费收入。 但区别是：用户不需要质押4年了，可以选择提前退出质押。但是提前退出只能提取奖励的一半。 xSHADOW 可以转换为 X33 代币（Liquid staked xSHADOW），X33代币是可以在市场上自由的流通和交易。可以把 X33 代币简单理解成 ETH 和 LSD 的关系。 x(3,3) 通过 xSHADOW 分配所有排放，SHADOW 的排放可以认领为 SHADOW 或 xSHADOW 代币 如果用户选择将xSHADOW的奖励领取为 SHADOW 代币，可以按照默认的APR领取到自己的奖励 如果用户选择奖励领取为 xSHADOW 代币，可以按照2X APR 领取到自己的代币奖励。 2️⃣即將推出 Meme Launchpad，与开发者者共享手续费收益 SHADOW 与 Solana 上的 Raydium 类似，Shadow 也计划推出自己的发射平台（Launchpad），但两者在战略动因上有所不同。Raydium 推出 Launchpad，是因为 Pump.fun 要进军 DEX 赛道，Ray 的核心业务可能受到威胁，因此需要通过发射平台稳固自身生态地位。 相比之下，Sonic 链目前尚未有一个具备强共识或龙头地位的发射平台，这为 Shadow 提供了绝佳机会。作为 Sonic 上知名度较高的 DEX，Shadow 若率先推出 Meme Launchpad，将更容易获得用户青睐与生态支持。 从业务拓展的角度来看，SHADOW 正在从交易平台延伸至代币发行端，形成“发行—交易”一体化闭环。 这意味着，SHADOW 有望成为 Sonic 上的 Pump fun，进而垄断整个链上的代币发行市场。 这不仅将推动平台自身增长，也将为 xSHADOW 持有者和 $x33 持有者 带来更强的价值捕获与收益增长。 3️⃣做多 Shadow 等于做多S 生态繁荣 = 成交量增长 = 利好生态内的 DEX。 目前，Shadow 占据 Sonic 链超过 50% 的交易量，是 Sonic 链上手续费收入最高的 DEX。 对于看好 Sonic 生态的用户而言，选择 Shadow 这一头部平台自然是更优解，可以把 Shadow 看成两倍杠杆的 $S 。 此外，SHADOW 所产生的手续费收益，100% 分配给 xSHADOW 和 $x33 的持有者，真正实现价值回馈社区与核心参与者。 4️⃣总结 所以，Binance 关注到 Sonic 链的资产，并且添加 Sonic 链的标的到 Alpha 列表中是个信号。 关注 Sonic 的标的可以多多关注 Sonic 的 Dex -- Shadow 。 并且在 Sonic 链第一波拉盘的时候，#Shadow 就是表现得最好的标的，相信这次也一样。

Sir James Goldsmith predicting the decline of the west due to the flight of capital in search of slave labor with Charlie Rose in 1994. The battle between capital and labor. Very prophetic interview. And here we are 31 years later.

Since the @DefiLlama charts on @SonicLabs Fees paid were small and visual didn't do justtice to $Shadow (@ShadowOnSonic) thought I'd quickly whip up something more visually appealing 👀

The best rewarder is on Sonic, completely on-chain, no staking required. Oh and you actually see your APR when you mint your position. $SHADOW

Nice use case for FeeM and Gems! Allocated back to users to encourage user growth.

X33 Floor AMO Live and Profitable! 🔶 First 10 hours: 🔸 37.56 SHADOW ($1552.43) captured 🔸 100% of proceeds to voters How does it work? 🔶 Our permissioned automated market operation executes perfect arbitrage when x33 redeem floor triggers: 1⃣ Locates target liquidity pool 2⃣ Fee privilege for optimal price 3⃣ Purchases x33 with SHADOW 4⃣ Redeems x33 for xSHADOW 5⃣ Performs instant exit: xSHADOW → SHADOW 6⃣ Arbitrage profit is sent back to voters (x33 vault) Revenue Distribution: 🔶 - 50% of instant exit -> voter rebase - 100% arbitrage earnings -> x33 to compound - All market inefficiencies captured by protocol AMO monitors every x33 pool, activating our floor defense AMO when needed. Each arbitrage instant exit combo keeps value locked in xSHADOW while strengthening the floor. TLDR: 🔶 - AMO profits go to voters - Value stays in Shadow instead of external MEV - Better floor protection

Shadow ranks second in DEX holder revenue! 🔶 🔸 100% of trading fees go to holders 🔸 Fee generating pools prioritized Approaching 5B in volume since existence. 💥

In less than 3 months, @ShadowOnSonic has become the 7th highest revenue and fee generating app in the world. Only on Sonic.

We just submitted to FeeM: 🔶 🔸 the contract that changes our dynamic fees 🔸 user reward claims 🔸 and every pool Dev said this is 99% of our transaction fees, god speed.