Shadow Exchange May Development Report: Trading Volume Exceeds $8.8 Billion, $x33 Annualized Return Reaches 173.5%

Overall Update

Shadow Exchange reached a total trading volume of $4 billion on March 18, generating $12 million in fees. Just 2.5 months later, the volume has grown to $8.8 billion, with fee revenue surpassing $20 million! Our trading volume continues to grow, and both $Shadow holders and liquidity providers (LPs) are earning increasingly higher returns!

Over these past few months, the Shadow team has been constantly traveling, developing, and launching new features—delivering protocol upgrades almost every month to enhance user experience. We attended Token2049 in Dubai and the Sonic Summit in Vienna. $Shadow is now listed on 10 centralized exchanges (CEX), including Binance Alpha. We've participated in interviews, hosted live open chat sessions, and AMAs ("Ask Me Anything"), passionately bringing Shadow Exchange onto the global stage while staying committed to building high-quality products for users.

The past five months have also seen invaluable contributions from our Discord community members and moderators. Their technical support, information dissemination, and efforts in boosting community engagement have greatly benefited Shadow users—we'd like to give them a special shout-out.

Protocol Data Update

As of May 31, 2025:

• Total Trading Volume: $8,829,126,393

• Total Fee Revenue: $20,093,261

$x33 Data (19 cycles, January 15 – May 28, 2025)

• $x33/xShadow Ratio: 1.6339

• $x33 Overall Annual Percentage Rate (APR): 173.50%

• Cumulative Compounded Value: $6,405,914

CEX Listings Update (Alphabetical Order)

• Binance

  Alpha

• BingX

• BitMart

• CoinEx

• CoinW Exchange

• Koinpark Exchange

• LBank Exchange

• MEXC Global

• OKX DEX

  OKX Web3 Chinese

• Ourbit

Interface & Feature Updates

New Swap Interface: Real-time price chart and direct amount input

Multi-Token Swap: Use multiple tokens as input for a single swap

Dedicated $x33 Page: Features $x33 performance analytics, historical data, and interactive xShadow/$x33 premium charts

Enhanced Protocol Analytics Page: Interactive historical performance data and detailed liquidity trading insights

New CCTP.TO Website: Free cross-chain $USDC transfer platform