Data: Sonic ecosystem DeFi token SHADOW rises over 11% in 24 hours, currently reported at 171.40 USD

ChainCatcher news, according to CoinGecko data, the Sonic ecosystem DeFi token SHADOW has risen over 11% in the last 24 hours, currently priced at $171.40.

As of the time of publication, SHADOW's market capitalization is reported at $37.98 million, with a 24-hour trading volume of $21.21 million.

According to Andre Cronje, founder of Sonic Labs, the project positioning and token model of SHADOW is x(3,3), which improves upon the ve(3,3) model, allowing holders to earn fee income without needing to lock up their tokens, while locking xSHADOW can yield more incentives.