Shadow Token (SHDW)

Overview

Shadow Token (SHDW) market snapshot: Price $0.024411, market capitalization $4.08M, and reported 24-hour volume $202.18K.

Trading activity: Reported 24-hour volume equals 4.95% of market capitalization. The local markets snapshot lists Coinbase Exchange, Orca and Crypto.com Exchange among venues with observed trading activity.

YearBull indicators: Bull Score 53/100. YB Market Risk Low. This relative market-volatility label is not an investment-safety assessment. Cycle Early. Observed price change: 24h 1.78% · 7d -11.20% · 30d -17.14%.

Values are descriptive and should be read together rather than as a price forecast. Read the YearBull methodology. Snapshot date: 2026-10-27. Data history: 90 days available in the latest 90-day window.

Methodology responsibility: YearBull’s analytical methodology and presentation rules are developed and maintained by Alan Zelvin, Founder & Lead Crypto Researcher. This note identifies responsibility for the methodology; it does not attribute authorship of this data snapshot.

What is Shadow Token (SHDW)?

YearBull Project Summary: YearBull reviewed the available project record for Shadow Token to describe its stated purpose and mechanics without filling evidence gaps. Current contracts, interfaces, supply figures and operating conditions should be checked independently. The article preserves that evidence boundary throughout: documented claims are reported as such, while unsupported current-state conclusions are not supplied.

Source description

“$SHDW is the utility token that powers the Shadow dePIN ecosystem providing decentralized storage, compute, and network orchestration to its users. Users utilize $SHDW to pay for decentralized data storage, compute, and other utilities. Compute, storage, and bandwidth are brought to the Shadow network by Shadow Operators who stake SHDW to secure their nodes and earn revenue based on their contributions to the network. Powering the Shadow ecosystem is DAGGER: a scalable and bandwidth-efficient L1/L2 hybrid powered by a custom consensus mechanism designed to orchestrate distributed systems, manage large amounts of data stored across decentralized networks, and more. DAGGER networks can be deployed as public permissionless Layer2 networks across any Layer1 protocol or be deployed as privately Layer1 protocols for private use. DAGGER's implicit voting design reduces communication overhead, resulting in faster data retrieval and cost reduction for users compared to other decentralized systems. Experience the future of decentralized data storage with Shadow Drive, the cornerstone product of the Shadow Ecosystem. Designed to seamlessly integrate with applications and systems on the Solana blockchain and beyond, Shadow Drive prioritizes data security and integrity through its hierarchical model. With robust auditing and repair procedures, it ensures system resilience, making it the ideal choice for Web3 builders creating hosting services, CDNs, social media apps, and more. Join us in the Shadows!”

This source-supplied description may contain old, promotional, or unverified claims and is not YearBull editorial analysis.

Shadow Token (SHDW) project facts

  • Source tags: Storage, Solana Ecosystem, DePIN, Made in USA
  • Recorded networks: Solana

Official links and contract records appear in Key Facts. Project details can change, so verify current information with the project.

Shadow Token (SHDW) FAQ

How does SHDW function within the Shadow dePIN ecosystem?

The project describes SHDW as the utility token for its decentralized storage, compute, and network-orchestration ecosystem. According to the project, users can spend SHDW on storage, compute, and related utilities, while Shadow Operators stake SHDW to secure their nodes. The project also states that operators earn revenue based on their contributions to the network.

What role do Shadow Operators play in the network?

Shadow Operators are described as the participants who bring compute, storage, and bandwidth to the Shadow network. The project states that operators stake SHDW to help secure their nodes and receive revenue tied to their contributions. This model is presented as a way to coordinate distributed infrastructure rather than relying solely on centrally operated resources.

What is DAGGER intended to manage across decentralized networks?

The project presents DAGGER as a scalable, bandwidth-efficient L1/L2 hybrid with a custom consensus mechanism. It states that DAGGER is designed to orchestrate distributed systems and manage substantial volumes of data stored across decentralized networks. The project also says DAGGER networks may operate as public, permissionless Layer 2 networks on Layer 1 protocols or as private Layer 1 protocols.

What applications is Shadow Drive positioned to support?

Shadow Drive is described as a decentralized storage product intended to integrate with applications and systems on Solana and beyond. The project highlights Web3 hosting services, content-delivery networks, and social-media applications as potential use cases. It also states that Shadow Drive uses a hierarchical model and includes auditing and repair procedures to support data integrity and system resilience.

Shadow Token metric comparison

This comparison is a stored snapshot generated 2026-10-22 06:31 UTC from 292 daily observations available from 2025-12-30 through 2026-10-22. It is separate from the latest analytical cards above. Percentiles compare the snapshot value with that day's analytical universe; a higher percentile means a larger observed value, not necessarily a better investment characteristic.

MetricSnapshot30d before90d beforeChange vs 30dUniverse percentile
Price$0.0285$0.0300$0.0186-5.0%n/a
Market cap$4.82M$5.07M$3.14M-5.0%P79.9
YearBull Rank#534#398#3,451Lower by 136P93.7
Bull Score79/10073/10047/100+6.0 ptsP94.5
Turnover1.53%14.18%0.22%-12.6 ptsP61.9
YB Market RiskLowMediumLowMedium → Lown/a
CycleEarlyEarlyEarlyUnchangedn/a

Median absolute daily movement 1.59%; distance from the highest local daily price -41.8%; circulating supply change 0.0%. These measurements are descriptive and do not predict future direction.

Editorial research. Identity, project facts, sources, and risks below belong to the dated editorial review. The live analytical snapshot above may be newer and is generated separately from stored market data.

Shadow Token (SHDW): project purpose, mechanism and token context

YearBull reviewed the available project record for Shadow Token to describe its stated purpose and mechanics without filling evidence gaps. Current contracts, interfaces, supply figures and operating conditions should be checked independently. The article preserves that evidence boundary throughout: documented claims are reported as such, while unsupported current-state conclusions are not supplied.

What the project record establishes

A primary point in the source record is: Official tokenomics docs state 3M initial supply and 10M maximum cap. YearBull uses this to identify the stated role of Shadow Token, not to infer demand, financial backing or future performance. The scope is intentionally narrow so that the article does not turn an issuer description into an independent performance claim.

For the practical design of Shadow Token, the record says: Official docs state all emissions go to gauges and can be adjusted by up to ±25% per epoch based on revenue. Readers should distinguish this documented design from current contract state, interface behavior and market conditions. The distinction matters when a protocol has changed versions, networks, service providers or access conditions.

How the stated mechanism operates

The mechanism record also includes this statement: GenesysGo's official GitHub organization lists Shadow Drive repositories. It helps explain the role of the asset or system without promising rewards, liquidity, revenue rights or governance powers beyond the cited scope. The article therefore avoids converting technical purpose into a claim about yield, ownership, redemption or legal entitlement.

The reviewed sources add this identity-relevant detail: GenesysGo's Shadow ecosystem provides decentralized storage/infrastructure tooling, including Shadow Drive and related Solana developer infrastructure. Before using Shadow Token, compare the current official interface and contract rather than relying on the name or ticker alone. This identity check is especially important for bridged, wrapped, migrated or reissued assets.

Role of the token

On token role or economic design, the sources report: The reviewed official material documents SHDW token distribution and emissions; GenesysGo repositories document Shadow Drive software and tooling. The exact current service-payment flow for SHDW was not fully extracted. Any missing supply, allocation, emission, vesting or burn figure remains unresolved rather than being inferred. Where a figure is supplied, its date and measurement basis remain part of the fact and should travel with it.

For understanding dependencies, the following fact is relevant: Documented token utility: participate in the Shadow ecosystem's decentralized infrastructure economy; support protocol/gauge incentives as documented by the tokenomics page. Current permissions, custody arrangements and transaction paths remain separate verification tasks. The profile keeps those operational questions visible instead of treating the source description as a complete risk review.

Current identity checks

A final detail in this part of the record is: Documented tokenomics: 3,000,000 SHDW; 10,000,000 SHDW; 100% of emissions go to gauges; emissions can adjust by up to ±25% per epoch based on protocol revenue; page projects approximately 5M emitted after 500 epochs and approximately 8M total supply, below the cap; Current circulating supply, unlocks and exact gauge mechanics not refreshed.. YearBull treats it as a source-bound claim and does not extend it into an investment conclusion. Where external confirmation is absent, the wording remains explicitly tied to the reviewed source record.

For a present-day check, the relevant supported fact is: Official tokenomics docs state 3M initial supply and 10M maximum cap. Readers should defer to a newer authoritative record if Shadow Token has changed its deployment or terms. A newer primary source should be used when it conflicts with this dated evidence or identifies a replacement deployment.

Risks, gaps and verification needs

The project material is sufficient for this specific point: Official docs state all emissions go to gauges and can be adjusted by up to ±25% per epoch based on revenue. It is not sufficient to fill unrelated gaps in current market, contract or operating data. Explicit gaps tell readers which checks remain necessary and keep the sourced facts distinct from assumptions.

For the last evidence item, the sources state: GenesysGo's official GitHub organization lists Shadow Drive repositories. The practical next step is a current check of chain, contract, official interface and material dependencies. That verification should occur before a transfer, approval, deposit or other irreversible interaction.

Key takeaways

  • Official tokenomics docs state 3M initial supply and 10M maximum cap.
  • Official docs state all emissions go to gauges and can be adjusted by up to ±25% per epoch based on revenue.
  • GenesysGo's official GitHub organization lists Shadow Drive repositories.
  • GenesysGo's Shadow ecosystem provides decentralized storage/infrastructure tooling, including Shadow Drive and related Solana developer infrastructure.
  • The reviewed official material documents SHDW token distribution and emissions; GenesysGo repositories document Shadow Drive software and tooling. The exact current service-payment flow for SHDW was not fully extracted.

YearBull Rank timeline

YearBull Rank now for genesysgo-shadow: #2980.

Rank timeline (last 365 days)

Rank movement (time windows).

Reading rule: rank #120 sits higher than rank #200.

  • 7d window (2026-10-20): #301 → #2980 (down by 2679).
  • 30d window (2026-09-27): #813 → #2980 (down by 2167).

YearBull Rank is a relative ranking on YearBull designed to compare coins on a common scale and time window. Lower values mean higher placement in the YearBull ordering. It is a context signal for relative placement, not an outcome forecast.

Liquidity angle: If the line improves during quiet periods, it can be accumulation. bursty volume can create temporary re-ordering.

Listing context: If the line breaks range, confirm it across a longer window. a new route can show up as a step change.

Regime context: If the 30d is noisy, increase the lookback to avoid over-reading. cycle shifts often show up as slope changes, not spikes.

Volatility posture: If you see repeated snap-backs, assume sensitivity to one factor. range behavior tells more than a single point.

Editorial note: This analysis was prepared by the YearBull research team under the direction of Alan Zelvin, Founder and Lead Crypto Researcher. The assessment follows YearBull’s internal research methodology and editorial standards. Methodology · Editorial Policy
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Shadow Token (SHDW) Markets

Stored venue snapshot. Markets last checked: 2026-10-09. Next refresh window: around 2027-01-07. Venue listings and volumes are stored snapshots, not live quotes.
Exchange Top Pair Stored 24h volume (snapshot) Trust Rank
Coinbase Exchange SHDW/USD $381.21K #1
Orca SHDW/USDC $63.24K #176
Crypto.com Exchange SHDW/USD $3.38K #17
Raydium SHDW/USDC $1.13K #1,346
Meteora SHDW/WSOL $1.10K #249

Listings are ordered by reported snapshot volume. Trust Rank is an external venue-quality indicator; it is not an endorsement or a solvency guarantee.