The #1 app in crypto by revenue-to-marketcap isn't @HyperliquidX. It's not @Solana. 🔶
It's @ShadowOnSonic, a DEX on @SonicLabs.
@MessariCrypto just dropped their full research report on how we're quietly becoming the most capital-efficient protocol in the game 👇
Shadow leads by at least 10.22% when it comes to 30-day revenue-to-marketcap ratio. 🔶
We're beating out major protocols including Raydium, Pancakeswap, Aerodrome, and even established chains like Ethereum and Solana.
How did we get here? We improved. 🔶
Uniswap pioneered the AMM but struggled with the trilemma: balancing trader needs, liquidity providers, and token holders.
ve(3,3) improved this by locking emissions, but 4-year locks created friction.
Enter x(3,3). âš¡
x(3,3) is our evolution of ve(3,3) that solves the DEX trilemma: 🔶
🔸 No 4-year locks - exit anytime with flexible penalties
🔸 100% of fees go to token holders
🔸 Rebases reward loyalty while penalizing exits
🔸 Active rewards prevents dead voting power
The numbers speak for themselves: 🔶
In the past 30 days:
🔸 $2.04M in fees went directly to holders
🔸 52% of daily Sonic volume routes through Shadow
🔸 $10B+ total volume since launch
🔸 200k+ active addresses
@MessariCrypto's full research report dives deep into our tokenomics, growth metrics, and why Shadow is positioned to lead the next wave of DEX innovation.
Read the full report:
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