diff --git a/applications/shadows-network.md b/applications/shadows-network.md
index 1b5c806a136..b8142317f5a 100644
--- a/applications/shadows-network.md
+++ b/applications/shadows-network.md
@@ -2,6 +2,7 @@
 
 * **Project Name:** Shadows Network
 * **Payment Address:** 198yWGziNfUgrTXf6QiUC5QqEhJ34cyxf
+* **Status:** [Terminated](https://github.com/w3f/Grant-Milestone-Delivery/pull/95#issuecomment-794343113)
 
 ## Project Overview :page_facing_up: 
 Shadows Network is a Polkadot parachain based on Substrate. As long as you consider valuable assets, they can be synthesized on the chain through Shadows Network. And Shadows network is a decentralized financial integrated platform integrating stablecoins, collateral lending, asset synthesis, and derivatives trading. will introduce a trillion-level derivatives market into the Polkadot ecosystem.
@@ -159,4 +160,4 @@ At this milestone, we developed the exchange module. The first milestone has bee
 There are many different kinds of SyAs that can be added to the system to provide greater utility to Shadows.Exchange. These include leveraged assets that are not available on other platforms as well as indices like the S&P500 and equities like APPLE and TSLA.
 
 ## Additional Information :heavy_plus_sign: 
-So far we have completed the project possibility verification evaluation, completed the Substrate-based architecture design, and released the project white paper.
\ No newline at end of file
+So far we have completed the project possibility verification evaluation, completed the Substrate-based architecture design, and released the project white paper.