Shade Protocol

Trust Rank External venue ranking. It is not calculated by YearBull and is not a solvency guarantee.
#390
24h Volume (BTC)
4.897 BTC
Country
n/a
Established
2023

Shade Protocol exchange snapshot

Decentralized (DEX). Established 2023. Trust Rank 390. Reported 24h volume 4.90 BTC.

Coverage: 10 active pairs across 5 tradable assets. Top ten pairs share 100.0%. Key pairs include SILK/STKD, INJ/STINJ, SHD/STKD, SILK/SHD. Leading pair SILK/STKD. Volume mix: STKD is the largest tracked quote currency at about 64.8% of measured flow. Data scope: 10 tickers observed.

How to read these exchange metrics

Scope: Trust Rank is an external relative position from the locally stored exchange snapshot. It is not calculated by YearBull and is not a guarantee of solvency, custody quality, licensing, customer protection, or future withdrawal access. Coverage counts observed markets, while concentration shows how much measured volume is assigned to the leading pairs. Median spread summarizes the bid ask gap in the observed leading markets; actual execution also depends on order size, depth, location, and market conditions.

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.

Figures may change as exchange and ticker snapshots are refreshed. Read the YearBull methodology.

Shade Protocol liquidity and coverage analysis

The current local dataset contains 10 observed pairs, 5 represented assets, 10 ticker records. The ten leading pairs account for about 100.0% of measured volume, a concentrated distribution. The local volume series contains 28 points; its first to latest change is +20.0%, with a median observation of 2.16 BTC.

Coverage and reported volume show the scope of observed markets, not custody quality, solvency, regulatory availability, or guaranteed execution. Pair level depth and withdrawal conditions should be checked for the intended transaction.

Exchange Notes

Shade Protocol: project profile and documented design

Shade presents itself as a collection of privacy-preserving DeFi applications on Secret Network.

Documented role and design

The docs describe SILK as a privacy-preserving collateralized currency and provide an IBC bridge.

Risks and open questions

  • Privacy, bridge, collateral and smart-contract risks require independent due diligence; project documentation is not a security guarantee.

Frequently Asked Questions

What is documented about privacy for Shade Protocol?

Shade presents itself as a collection of privacy-preserving DeFi applications on Secret Network. Privacy, bridge, collateral and smart-contract risks require independent due diligence; project documentation is not a security guarantee.

Venue research

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