Sonic Eco DeFi Token SHADOW Surges Over 58% in 24 Hours, Currently Trading at $216.29

BlockBeats News, February 21st, according to CoinGecko data, the Sonic ecosystem DeFi token SHADOW surged over 58% in the past 24 hours, currently trading at $216.29. At the time of writing, SHADOW's market cap is reported at $47.71 million, with a fully diluted valuation of $691 million. The total trading volume in the last 24 hours has reached $24.49 million.

According to Sonic Labs founder Andre Cronje's explanation, SHADOW's project positioning and token model follow an x(3,3) framework. This model is an improvement upon the ve(3,3) model, where holders can earn fee rewards without the need for staking, and locking xSHADOW will provide additional incentives.