Coinbase will record Shadow Token, the native cryptocurrency of the ShdwDrive, a high-performance decentralized knowledge storage community.
The biggest crypto alternate within the U.S. introduced that Shadow Token (SHDW) will likely be dwell on the platform from tomorrow if liquidity circumstances are met.
Following the announcement, Shadow Token instantly surged by 20%. The token has been up practically 80% in a month.
Since final month, SHDW has been listed by a number of main centralized exchanges, together with Crypto.com and Gate.io. In consequence, the token’s every day buying and selling quantity has persistently elevated, surging over 200% at this time.
Shadow Token gained notable consideration following its inclusion in Coinbase’s itemizing roadmap, resulting in a major value surge. With the current surge in Solana’s community exercise, utility tokens like SHDW have seen main curiosity, as developer engagement has elevated throughout the platforms.
Launched in January 2022, Shadow Token permits for on-chain occasions to verify the continued integrity and existence of saved knowledge, a major development over earlier makes an attempt by different web3 storage suppliers to combine with Solana, which had restricted success. The community helps numerous use instances, together with internet hosting, archival and backup companies, social media purposes, datasets, and private storage options.