Shadow Exchange · Sonic · Epoch 77
Every vote, fee, and emission on Shadow.
Live Shadow Exchange metrics on Sonic — read-only, no wallet.
Total Value Locked
Live · pools
$0.00M
24h Volume
$0.48M
7d $4.17M
24h Fees
$2,088
7d $20,933
Pools
/ 131
gauged / total
Epoch 77
5d 12h remaining
21%
Elapsed
Turnout85.8%
Total votes2.57M
Top gauge47.4%
xRatio0%
Epoch Revenue (live)
$0
Voter rewards · accumulating
Emission Cost
$0
21,025 SHADOW × spot
Net Surplus
−$0
Loss epoch · 0.0% margin
SHADOW Supply
3.97M
live (xSHADOW + circ, ex-burn)85.61% of minted
SHADOW Burned
0.67M
+0K this week14.39% of minted
Weekly Emission
$16.7K
0.02M SHADOW / wk-98.2% vs docs
Total Rewards / wk
$16.7K
LP emissions + team pre-funds (gateway on-chain rewardRate)~0.02M SHADOW
xSHADOW revenue calculator
xSHADOW
Share of supply
of 2.99M effective xSHADOW
Weekly fees
—
100% of voter rewards · pro-rata
Annualized
—
7d × 52, current run-rate
APR (vs SHADOW)
—
annualized fees / value at SHADOW spot
Aggregated xSHADOW concentration
146.9%
Top 5 hold
0xdcb5…66b4
89.67%
0x1a99…1D74
49.78%
0x1020…fc96
3.42%
0x431e…6354
2.37%
0xe4c2…13f3
1.65%
SHADOW supply composition
xSHADOW coll.65.12%
Circulating20.49%
Burned14.39%
Burn progress
0.2%
7d burn+0.00M
Avg / epoch0.01M
SourcexSHADOW penalties · convert burns
Sacred flame · this week's offering
Burned this epoch
$0.0K USD
0K SHADOW removed from supply · 14.39% of all minted SHADOW burned to date
The eye sees what others miss. Click it seven times to summon the Oracle.
Emissions
Per-epoch emission curve
Realized mints vs the documented decay.ⓘ
Total Emitted
1.58M
$40.78M cumulative
This Week
0.02M
$16,708
Next Epoch (proj)
0.02M
× 1.00 elasticity
Avg Δ vs Docs
-98.2%
elasticity below curve
Weekly emissions
Economy
Valuation & revenue
FDV, market cap and protocol revenue — live.ⓘ
01
Coverage Ratioi
fees ÷ emissions
Does the protocol earn more than it prints? A dollar of fees is real revenue; a dollar of emissions is printed supply. Above 1.0×, it stands on its own cash flow.
Fees vs Emissions · Shadow
—×—
02
Net APRi
nominal − dilution
The real yield you actually keep — your share, after the printing dilutes it. Positive only when the protocol out-earns its emissions.
Nominal − Dilution · Shadow
——
—%—
real yield you keep, per year
03
Lock Carry Costi
emissions ÷ locked
What it costs to hold the lock — the annual dilution you pay just to stay sequestered. When fee income beats the carry, the lock funds itself.
Per $1 locked / yr · Shadow
—%—
annual dilution to hold the lock
04
Lock Effectivenessi
locked ÷ fees / yr
Is the sink actually real? A P/E for the lock — lower is better — and whether fees, not printing, keep it filled.
Lock Multiple · Shadow
—×—
$ locked per $1/yr of real fees · lower = better
Supply locked—
Marked at—
SHADOW Price
$0.79472
DefiLlama · 24h+11.53%
FDV
$3.13M
3.0M xSHADOW + 0.9M SHADOW+11.53%
Circulating MC
$0.75M
0.9M free-float × price+11.53%
Annualized Revenue
$1.09M
7d × 52 · 24h
Net Surplus / wk
+$4.2K
fees − emissionsprofitable
P/E (FDV)
2.88
FDV / annual rev
P/E (Circ MC)
0.69
Circ MC / annual revcheap
Net surplus this week · base
+$4,224
0.22M annualized · fees − auto emissions
Revenue (7d)$20,933
− Auto emission cost−$16,708
= Base surplus+$4,224
Net surplus this week · strict
+$4,224
$0.22M annualized · after all rewards
Revenue (7d)$20,933
− Auto emission cost−$16,708
− Team manual rewards−$0
= Strict surplus+$4,224
Net surplus epoch-to-date · base
−$13,126
running this epoch · 1d in
Revenue since epoch start$3,583
− Auto emission cost (full)−$16,708
= Base surplus−$13,126
Net surplus epoch-to-date · strict
−$13,126
after all rewards · 1d in
Revenue since epoch start$3,583
− Auto emission cost−$16,708
− Team manual rewards−$0
= Strict surplus−$13,126
Revenue vs Emissions · per epochⓘ
Voter Revenue · Epoch 77
Fees earned by voters
Swap fees collected by xSHADOW voters — by day, epoch and pool.ⓘ
Epoch 77 · projected close
$8,579
$1,226 / day pace
-68.6% vs Ep 76
Last 24h
$0
voter fees · rolling 24h
rolling · live 24h fees × voter share
Trailing 7d
$0
$0 / day avg
Trailing 30d
$0
$0 / day avg
Annualized · projected
$0.45M
current epoch pace × 52
Best epoch ever
$4,068,436
Ep 5 · avg $457,678/epoch
All-time revenue
$0.00M
76 epochs · since launch
Daily voter fees
Best day to earn
Top revenue pools
| # | Pair | Voter rev | 24h fees | TVL |
|---|
Voter fees by epoch
wS / USDC · LP Calculator
Where should you add liquidity?
Pick a size and range — we project LP emission APR for a Shadow pool, live.ⓘ
Shadow Fee
—
x(3,3) · dynamic, this cycle
Blackhole Fee
—
ve(3,3) · dynamic, this cycle
Pair price
Current: —
0.05% wide
SHADOW
x(3,3)
After adding this position
—
Pre-add UX APR: —
Net yield after LVR
—
emissions — − LVR —
— per epoch
·
— + —
Add Liquidity ↗
BLACKHOLE
ve(3,3)
After adding this position
—
Pre-add UX APR: —
Net yield after LVR
—
emissions — − LVR —
— per epoch
·
— + —
LVR ≈ λ · σ²⁄8 · for your selected range — emissions go to LPs, fees go to voters
Aggregated CL orderbook · by initialized tick
Liquidity at each selected pool price tick
SHADOW active liquidity by tick
| Price | Total |
|---|---|
Loading tick liquidity… | |
BLACKHOLE active liquidity by tick
| Price | Total |
|---|---|
Loading tick liquidity… | |
Liquidity providers
| # | LP | Value | Share | Range | Pos |
|---|---|---|---|---|---|
| Loading LPs… | |||||
Gauges · Liquidity Map
78 pools
131 gauged · top gauge takes 47.4% of this epoch's emissions.
Top pool share
47.38%
wS/USDC
Top gauge reward
10K
SHADOW / week
Total gauges
131
1:1 with pools
Gini (votes)
0.85
0 even · 1 winner-take-allhigh
All pools
| # | Pair / Pool | Gauge | Fee | TVL | Votes | SHADOW/wk | +Team | Total $/wk | Share |
|---|
Governance · Epoch 77
3M xSHADOW voting this epoch
Turnout 85.8% of supply — emissions follow the votes.
Voter turnout
85.8%
of 3.0M xSHADOW
Total votes
2.57M
xSHADOW-weighted
Top gauge
47.38%
wS/USDC
xRatio
0%
emissions paid as SHADOW
Gauge race · top 12
Full breakdown
| # | Pair | Gauge | Votes | SHADOW/wk | Share |
|---|
Holders
Holders
Every address and its full holdings — direct xSHADOW, staked, AutoVault, x33 & LP. Search any address to find yourself. · 2.99M effective xSHADOW across every form.ⓘ
Active xSHADOW holders
3,726
▲ +0
net this epoch
Buying this epoch
0
wallets acquired xSHADOW0 sold
New holders this epoch
+0
first-time xSHADOW owners
Total holders ever
3,726
unique entrants since TGE
Anti-dilution · hold your share
If I hold
xSHADOW
I must keep acquiring
— / epoch to keep my share
— net APR
≈ — / epoch
— dilution
— net / epoch
Holder growth · per epoch
Aggregated holdings · all
| # | Address | Total xSHADOW | Δ 7d | Share |
|---|
Total supply
3.97M
live (xSHADOW + circ, ex-burn)85.61% of minted
Circulating MC
$0.75M
0.9M free-float × spot
Holders
22,738
unique addresses
Top holder share
76.07%
0x5050…2424
SHADOW holders
| # | Address | Amount | Share |
|---|
Total xSHADOW
2.99M
governance token · non-transferable
SHADOW collateral
3.02M
held by xSHADOW contract
Holders
10,330
unique addresses
Top holder share
89.67%
0xdcb5…66b4
xSHADOW holders
| # | Address | Amount | Share |
|---|
x33 supply
0.35M
liquid staking token
LST rate
2.6926
xSHADOW per x33
Holders
6,104
unique addresses
Top holder share
11.02%
0x1020…fc96
x33 in LP
0.00M
across 0 Shadow pools0.0% of supply
xSHADOW-eq locked as LP
0.00M
x33 × LST rate (2.6926)
LP value
$0
at SHADOW spot
x33 holders
| # | Address | Amount | Share |
|---|
AutoVault stakers
| # | Address | Balance | Output Pref | Share |
|---|
x33 sold · today
—
——
🩸 Shame List · x33 sellers
| # | Address | Rank now | x33 sold | ≈ USD | swaps | into |
|---|
BLACK supply
—
ERC-20 total supply
BLACK holders
—
liquid ERC-20
veBLACK contract
—
physically held BLACK
Top holder share
—
BLACK holders
| # | Address | BLACK | Share |
|---|
BLACK in ve
—
physically held by VotingEscrow
veBLACK supply
—
on-chain accounting
Owner ranking
needs veNFT scan
VotingEscrow
—
contract balance row
Indexer status
Phase 2
veNFT owner pass needed
veBLACK indexer note
| # | Scope | Status | Source |
|---|
veBLACK contract view
| # | Address | BLACK held | Locked this epoch | veNFTs | Share |
|---|
Tokens · SHADOW
The emissions token.
Tradable on Sonic DEXes. Half of every Convert is burned — structurally deflationary as xSHADOW grows.
Price
$0.79472
DefiLlama · 24h+11.53%
Live Supply
3.97M
xSHADOW coll + free-float
Free-float
0.95M
circulating outside xSHADOW
Burned
0.67M
removed from supply
DEX trading
24h Volume
$0.00M
total swap activity
7d Volume
$0.00M
cumulative weekly
24h Fees
$0
fees → voter rewards
Top pair
None
$0 24h
Note: Per-address SHADOW buy/sell tracking (ERC20 Transfer event scan) is not yet indexed — only pool-level swap volumes from the Shadow gateway are shown above. Coming when the SHADOW Transfer event indexer is added.
Tokens · xSHADOW
The lord of governance.
Non-transferable claim capturing 100% of trading fees. Mint via convert, exit via burn (penalty applies).
Total Supply
2.99M
non-transferable governance
SHADOW Collateral
3.02M
held by xSHADOW contract100.8%
Net Supply Δ (7d)
+10.0K
converts − exits
Holders
10,330
unique addresses
xSHADOW acquisition optimizeri
ABuy SHADOW & convert
— xSHADOW
— $/xSHADOW·— impact
BBuy x33 & redeem
— xSHADOW
— $/xSHADOW·— impact
—
Mint & exit activity
⟁ Converts (SHADOW → xSHADOW mint)
Last 24h
+8.5K xSHADOW
30 txs
Last 7 days
+38.7K xSHADOW
155 txs
Instant exits (xSHADOW burn → SHADOW)
Last 24h
−7.6K xSHADOW
6 txs
Last 7 days
−28.7K xSHADOW
14 txs
Conversion flow
Converted SHADOW → xSHADOW+ 42.80K
Instant-exit (50% penalty)− 0.23K
Vested redemptions− 0.00K
Net change+ 42.58K
Effective collateral ratio100.78%
Vest period15 → 90 days
Live event feed
Tokens · x33
The liquid staking token.
A tradable LST wrapping xSHADOW. Backing grows as the underlying xSHADOW accrues voter rewards via AutoVault. Mint by depositing xSHADOW, redeem at the current rate.
Total Supply
0.35M
liquid staking token (LST)
LST Rate
2.6926
xSHADOW per 1 x33
Pools
0
DEX pairs trading x33
Holders
6,104
unique addresses
Redeem & mint values
⟢ Redeem (1 x33 → xSHADOW)
2.6926
xSHADOW
≈ $2.13983 USD per x33
⟁ Mint (1 xSHADOW cost in x33)
0.3714
x33
≈ $0.29515 USD to acquire 1 xSHADOW-eq via wrap
Live event feed · x33 buys & sells
Market activity
24h Volume
$0
across 0 pools
7d Volume
$0.0M
cumulative weekly
Buys (24h)
0
0K x33 acquired via pools
Sells (24h)
0
0K x33 sent to pools
Buys (7d)
0
0.0M x33 acquired
Sells (7d)
0
0.0M x33 sold
Top pool
None
$0 24h vol
7d Fees
$0
generated by x33 pools
Deflation
0.67M SHADOW burned
Lifetime burns — 0.1M one-time TGE rebalance + 0.61M ongoing from converts & redeems.
Total SHADOW burned
0.67M
lifetime · incl. TGE init0.19% of 350M
User-driven burns
0.61M
epoch 1 → now · convert/redeem activity0.17% of 350M
This week burn
$0.0K
0K SHADOW this epoch
Avg user burn / epoch
0.01M
SHADOW per epoch (post-TGE)
Sacred Flame — burns this epoch
$0.0K USD
0K SHADOW removed from supply this week · 0.19% of initial 350M mint already destroyed (incl. TGE)