Shadow Exchange - A Sonic-native concentrated liquidity exchange

As it is pretty evident from the information available on the web, the Decentralized Finance marketplace is growing at a fast pace. However, this calls for privacy on the part of traders. If you are looking for a platform that comes with privacy and security features, then try entering the Shadow Exchange. This platform comes with features that ensure speed, security, and privacy all under one platform. This particular exchange comes up with a unique trading experience that allows users to swap crypto assets with complete discretion and efficiency.

If you’re an advanced DeFi trader or you are a newcomer who is interested in carrying out private transactions, you can refer to this guide to understand everything well in advance before starting to use Shadow Exchange. Here, we shall give you a glimpse into what this exchange is, how it works, details on its native token, supported tokens, and more.

What is Shadow exchange and how does it work?

This is a decentralized exchange that has been designed with privacy in mind. The platform offers permissionless trading on the Solana blockchain. On Shadow Exchange, users are allowed to swap their crypto tokens without connecting to an intermediary as these transactions can be carried out directly from their wallets with the complete ownership of their crypto assets. The best part is- that you do not need to undergo any sign-up or KYC process and do not need to connect to third-party custodians. Another feature worth noting here is that it completely focuses on privacy-first design, and has a wide selection and technologies to minimize traceability while letting you carry out fast as well as low-cost transactions.

Is the Shadow exchange truly private and anonymous?

Yes, this exchange and its ecosystem do focus on privacy and keep this factor on priority. While being a public blockchain, the Shadow exchange comes inclusive of features such as off-chain order flow, and shielded address, and is also keen on implementing zero-knowledge proofs (ZKPs) for advanced privacy features.

In short, we can say that Shadow exchange is an ideal option for those users who value discretion. Whether you are aiming for personal privacy, compliance with jurisdiction requirements, or competitive trading strategies, this exchange has got you covered.

Which Blockchain Is Shadow Built On?

To put it short, Shadow is built on the Solana blockchain. This blockchain is counted as one of the fastest growing as well as scalable blockchains in the industry. The infrastructure of the Solana ecosystem has been designed in such a way that it offers near-instant finality, a highly responsive and smooth trading interface, and minimal gas fees without leaving the decentralized ecosystem.

By leveraging Solana’s high throughput, Shadow can support real-time order execution and offers a seamless trading experience, even when the network is congested.

What Tokens Are Supported on Shadow?

The exchange supports a list of SPL tokens and some of the popularly known assets are as below:

• SOL (Solana)

• USDC (this is the Circle’s stablecoin on Solana)

• BONK

• JitoSOL

• mSOL, etc.

As we know the Solana ecosystem is expanding day by day, and the support list of Shadow-supported coins is also growing a bit. They are also planning to introduce cross-chain functionality which in turn allows users to trade wrapped assets.

Is There a Native Token for Shadow?

Yes, there definitely is a native token for the Shadow exchange. This is the utility and governance token of the broader Shadow ecosystem and the token has been named as $SHDW. However, it is not mandatory to have this token to use the Shadow exchange features and services. However, this token comes into use in many other ways which are described below:

• For the purpose of platform governance

• Staking and fee discounts (future)

• For distributing rewards

• And to help you participate in protocol upgrades

How Do I Connect My Wallet to Shadow.so?

If you wish to start your journey with this wallet, then you can follow the steps that are defined below. After you have successfully connected a supported wallet to the platform, you can start trading and access the wide range of features that it comes with. But make sure that you follow these steps in sequential order so that you do not face any hurdles:

1. Begin by navigating to https://www.shadow.so

2. After this, you need to click on the “Connect Wallet” option.

3. Once done with that, you can choose a preferred Solana-based wallet (e.g. Phantom, Backpack, or Solflare).

4. After approving the connection, you can start trading.

In short, Shadow Exchange is completely non-custodial which means you’ll have complete control over your funds all the time.

Does Shadow Support Perpetual Trading or Just Spot Swaps?

If you take a look at the current scenario, you will find out that this exchange completely focuses on spot trading or SPL trading. But, if we take a look at the details available on the internet, we can say that it is all set to enter the following ecosystem:

• Perpetual contracts (perps)

• Decentralized options trading

• Dark pool-style order execution

In short, we can say that these features are available on the roadmap and have the ability to unlock institutional-grade trading tools that are completely decentralized and offer a privacy-focused environment.

Conclusion:

If there is any exchange that could redefine the concept of crypto trading, then Shadow exchange will definitely top the list. It allows you to trade your crypto assets privately and efficiently. The platform comes with blazing-fast transactions on the Solana blockchain. Apart from that, this platform supports a wide range of tokens.

Moreover, it has created a future roadmap that is packed with high-end privacy tools and focuses on security. To start trading on the platform, all you need to do is navigate to https://www.shadow.so/trade and connect your wallet with this exchange to enjoy the comprehensive features of the decentralized exchange.