What is the current price of Shadow Token?
The current price of Shadow Token is $0.02881 with a 5.91% change in the last 24 hours.
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Derivatives and mapped ecosystem data, with source timings and coverage.
Shadow Token (SHDW) is the Solana-based utility token of GenesysGo's Shadow ecosystem, a decentralized physical infrastructure network (DePIN) for data storage. Its main product, shdwDrive, lets developers and users store files on a network of independent operators instead of a single cloud provider, and SHDW is both the payment token for that storage and the stake operators must lock to provide it. It matters because it is one of the few storage networks built natively around Solana, and its v2 design lets ordinary Android phones act as storage nodes.
Shadow is built by GenesysGo, a US-based team that first became known in the Solana ecosystem as an RPC infrastructure provider before shifting to decentralized storage. Detailed information about individual founders is not prominently published in the project's official materials.
Key milestones:
shdwDrive splits the network into two sides:
Users and developers They pay in SHDW to reserve storage and upload data through the SDK, CLI or app. Storage is used for things like NFT media, app assets and website hosting.
shdwOperators They contribute storage (and, in the wider design, compute and bandwidth), stake SHDW as collateral, and earn a share of user fees in return. At the v2 launch the baseline stake to run a node was 3,500 SHDW.
Coordinating all of this is DAGGER, a hybrid Layer 1 and Layer 2 system with a custom consensus mechanism built around a directed acyclic graph. GenesysGo describes its "implicit voting" design as reducing communication overhead between nodes, which should make data retrieval faster and cheaper. DAGGER can run as a public, permissionless layer on top of an existing Layer 1 such as Solana, or as a private network.
SHDW is an SPL token on Solana with the mint address SHDWyBxihqiCj6YekG2GUr7wqKLeLAMK1gHZck9pL6y.
Most decentralized storage networks rely on servers in data centres. shdwDrive v2 deliberately targets phones, turning unused mobile storage into network capacity, with a hierarchical model and auditing and repair procedures to compensate for devices that go offline. Its native fit with Solana also makes it a natural storage option for Solana apps and NFTs.
Security combines Solana, which records token balances and staking, with DAGGER consensus among operators. Operators must stake SHDW, which gives them an economic reason to stay online and store data correctly. The network relies on auditing and repair routines to detect missing data and re-replicate it across other nodes.
SHDW is one of the main attempts to give Solana its own decentralized storage layer, and its mobile-node model is an unusual experiment in DePIN design. Whether or not it scales, it is a useful reference for comparing how storage networks balance cost, reliability and decentralization.
SHDW trades on decentralized exchanges on Solana, reachable through aggregators such as Jupiter, and has been listed on some centralized exchanges. Confirm that any venue lists the correct mint address before buying.
SHDW is an SPL token, so it can be held in any Solana wallet such as Phantom, Solflare or Backpack. Operators who want to run a node need a compatible wallet connected to the shdwDrive app. For larger balances, a hardware wallet such as Ledger used through a Solana wallet adds protection.
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Read the complete paper trading guideThe current price of Shadow Token is $0.02881 with a 5.91% change in the last 24 hours.
The daily trading volume is $59,283.46 representing a 224.26% change in the past 24 hours.
The market capitalization of Shadow Token is $4,870,471, ranking #772 globally.
The fully diluted valuation (FDV) of Shadow Token is $4,870,471, calculated assuming the total supply of 169,054,887 SHDW is in circulation.
Circulating: 169,054,887. Total: 169,054,887. Max: N/A.
In the last 24 hours, Shadow Token traded between a low of $0.028 and a high of $0.03075.