Shadow

Based in New York, US, and founded in 2023, Ionic Labs, Inc. trading under the name Shadow operates as a blockchain and cryptocurrency company that provides a platform offering a services on enhancing on-chain data indexing, analytics, and smart contract functionality to reduce engineering time and cost with these operations. In December 2023, Paradigm led a USD 9 million seed funding for Shadow. Shadow is a platform that aims to simplify the engineering process while also lowering the expenses associated with advanced on-chain data indexing and analytics.

The company's main purpose is to deliver more data, save users money on gas, and accelerate product development. The platform's initial version is to allow users to log data on any smart contract in real time. The company's key features include modifying the source code of a deployed contract, adding gasless custom event logs and view functions, and accessing data via conventional RPC methods.   As of December 2023, the company generates a revenue of USD 300 per month for a starter, and USD 1000 per month for business.