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Market

Market stats

Market cap

$104,433.65

Volume (24h)

$44.03

Circulating supply

26.5M DOWS

All time high

$0.0060

Price change (1h)

+0.07%

Price change (24h)

+1.72%

Price change (7d)

+8.38%

About Shadows

Shadows is a DeFi derivatives asset issuance and trading network built on the Binance and Polkadot ecosystem. Derivatives are financial assets whose value is derived through instruments such as currencies, commodities, stocks, and market indexes. The platform aims to develop a decentralized trading platform to bring derivates to the DeFi space. Also, the platform intends to offer a wide range of financial offerings to the crypto trading community.

According to its whitepaper, Shadows was designed to redefine derivatives staking and funding opportunities on the blockchain with the help of smart contracts. However, developing smart contracts for the derivatives market enables the DeFi community to issue and trade derivatives assets with a crypto exposure. Thus, the platform aims to allow users to synthetically hold currencies, stocks, and commodities and earn yield for participating in the trading market.

Further, the Shadows network aims to connect physical assets to the blockchain so that physical asset value can be implemented through the Shadows protocol, enabling free flow of asset value and privacy of transactions. Also, through consistent cooperation and a completely complimentary collaboration mechanism, the teams intend to work closely with DuckDAO. By doing so, the platform seeks to provide more application cases while promoting the development of decentralized applications (dApps), issuance and transaction protocols for synthetic derivative assets, etc., for users globally to trade in digital assets.

DOWS is the native token that defines the value for real-world assets mapped on the Shadows ecosystem. To access the Shadows network, users must first stake DOWS and mint the traditional stablecoin currency, ensuring liquidity in the Shadow’s pool to support price fluctuations. Besides this, DOWS token holders can vote on system governance, such as adding new features, upgrading and fixing protocols, etc.

Additionally, by using the Shadows dApp, users can enter into smart contracts to participate in issuing synthetized products by providing collateral without actually holding the real assets. Synthesized products are the assets available on the Shadow Network bound by native token DOWS and can be issued only by locking DOWS collateral into a smart contract. The platform aims to issue one hundred million DOWS tokens for staking and other trading cases.

News about Shadows

The Block • Mar 04, 24

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BeInCrypto • Mar 04, 24

Record-Breaking Bitcoin NFT Sales: This Is the Top Performer

The NodeMonkes collection drove Bitcoin sales above $168 million with $43 million the past week, as Yuga Labs pins its hopes on the Otherside Metaverse.The post Record-Breaking Bitcoin NFT Sales: This Is the Top Performer appeared first on BeInCrypto.

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Messari • Mar 04, 24

State of The Sandbox Q4 2023

The Sandbox had a bounce-back quarter in Q4 with many important metrics up QoQ, including market cap, daily average secondary sales and volumes, and non-LAND mints. Additionally, new partnerships and ASSET collections helped bring about a surge in non-LAND activity. The Sandbox showcased in Q4 th...

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Blockworks • Mar 04, 24

Bitcoin has a new all-time high, depending on who you ask

Bitcoin’s previous record high against the Euro was set in September 2021

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CoinDesk • Mar 04, 24

Bernstein Expects DeFi to Make a Big Comeback

Six out of the top ten revenue-generating protocols are DeFi applications, the report said.

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CoinDesk • Mar 04, 24

First Mover Americas: Bitcoin Surpasses $65K, Meme Tokens Rally

The latest price moves in bitcoin (BTC) and crypto markets in context for March 4, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

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Shadows is on the rise this week.

The price of Shadows has increased by 0.07% in the last hour and increased by 1.72% in the past 24 hours. Shadows’s price has also risen by 8.38% in the past week. The current price is $0.0039 per DOWS with a 24-hour trading volume of $44.03. Currently, Shadows is valued at 34.12% below its all time high of $0.0060. This all-time high was the highest price paid for Shadows since its launch.

The current circulating supply of Shadows is 26,500,000 DOWS which means that Shadows has as total market cap of 26,500,000.

FAQ

What is the current price of Shadows?

We update our Shadows to USD currency in real-time. Get the live price of Shadows on Coinbase.

What is the market cap of Shadows?

The current market cap of Shadows is $104.43K. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Shadows?

The all-time high of Shadows is $0.0060. This all-time high is highest price paid for Shadows since it was launched.

What is the 24 hour trading volume of Shadows?

Over the last 24 hours, the trading volume of Shadows is $44.03.

What other assets are similar to Shadows?

Assets that have a similar market cap to Shadows include CryptoTycoon, Mrweb Finance (new), Creaticles, and many others. To see a full list, see our comparable market cap assets.

How many Shadows are there?

The current circulating supply of Shadows is 27 million.

Can I buy Shadows on Coinbase?

Yes, Shadows is currently available on Coinbase wallet. For more detailed instructions, check out our helpful how to buy Shadows guide.

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