TL;DR

Onyxcoin’s XCN token has surged 49.56% in the last 24 hours and an impressive 174.77% over the past week, driven by the launch of its new Goliath mainnet.
The new blockchain, now operating as a high-performance Layer 1 network, aims to rival traditional payment networks like Visa in transaction speed.
Trading volume soared from $25 million to $628 million, while Binance announced the listing of XCN futures, solidifying its return to the top 100 by market cap.

Onyxcoin (XCN), a decentralized finance (DeFi) project, has captured market attention following the highly anticipated launch of its Goliath mainnet, a high-performance modular blockchain marking its transition from a Layer 3 solution to a fully independent Layer 1 infrastructure. This good strategic move aims to dramatically improve scalability and speed, with ambitions to reach levels comparable to traditional payment networks like Visa, which processes around 24,000 transactions per second (TPS).

Unlike earlier versions, Goliath utilizes a Proof-of-Stake consensus model designed to deliver robust and sustainable performance. While the community still awaits confirmation that such speeds can be achieved in a truly decentralized environment, the narrative has sparked renewed enthusiasm among developers and investors alike, generating a wave of positive reactions on social media and within crypto forums. Analysts have also started to monitor Goliath’s performance benchmarks more closely, intrigued by its rapid adoption metrics.

Trading Volume and On-Chain Activity Reach New Highs

The launch impact was immediate. Onyxcoin is currently trading at $0.02397, with a 49.56% surge in the past 24 hours and a staggering 174.77% rise over the past week. At the same time, daily trading volume ballooned to $628 million, up from just $25 million earlier this week.

Additionally, 3,902 active wallet addresses were recorded on April 11, highlighting a substantial uptick in user engagement. Meanwhile, Binance announced the upcoming listing of XCN futures for this Friday, further reinforcing institutional interest. Still, futures traders remain cautious: a negative funding rate of -0.5648% suggests bearish pressure in the short term, which could trigger abrupt liquidations if long positions are forced to close.

A Triumphant Return to the Crypto Market’s Top 100

Thanks to this wave of enthusiasm, Onyxcoin has successfully reentered the top 100 most valuable cryptocurrencies by market capitalization. In just 24 hours, XCN added more than $300 million in value, a clear sign that its technological vision is resonating across the crypto ecosystem. With Goliath now at its core, and a growing community backing its momentum, the project is positioning itself as a key player in the next wave of blockchain innovation.

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Filed under: News - @ April 11, 2025 4:20 pm