What is XCN: Understanding the Cryptocurrency and Its Potential Impact on Digital Finance

Onyxcoin's Positioning and Significance

In the current landscape of 2025, Onyxcoin (XCN) has established itself as a crucial component of the web3 blockchain infrastructure. As the backbone powered by XCN, the Onyx Protocol aims to address challenges in decentralized finance and blockchain interoperability.

As of 2025, Onyxcoin has become a significant player in the DeFi and blockchain infrastructure sector, ranking 240th in market capitalization among cryptocurrencies. With a market cap of $218,730,110 and 58,518 holders, XCN has demonstrated its growing importance in the ecosystem.

This article will delve into its technical architecture, market performance, and future potential.

Origin and Development History

Birth Background

Onyxcoin was created to power the Onyx Protocol, which aims to provide a robust infrastructure for web3 blockchain applications. It emerged during the expansion of decentralized finance and the increasing demand for scalable blockchain solutions.

The launch of Onyxcoin brought new possibilities for developers and users in the web3 space, offering a foundation for building decentralized applications and services.

Important Milestones

• The project has expanded its presence across multiple blockchain networks, including Ethereum, Base, and Binance Smart Chain.
• XCN reached its all-time high of $0.184139 on May 27, 2022, marking a significant milestone in its price history.
• The token experienced its lowest point at $0.0007055 on October 12, 2023, demonstrating the volatility inherent in the crypto market.

Supported by its community and development team, Onyxcoin continues to optimize its technology, security, and real-world applications in the web3 ecosystem.

How Does Onyxcoin Work?

Decentralized Control

Onyxcoin operates on a decentralized network of computers (nodes) spread across the globe, free from the control of traditional financial institutions or governments. These nodes collaborate to validate transactions, ensuring system transparency and resilience, while empowering users with greater autonomy.

Blockchain Core

Onyxcoin's blockchain serves as a public, immutable digital ledger recording every transaction. Transactions are grouped into blocks and linked through cryptographic hashes, forming a secure chain. Anyone can view the records, establishing trust without intermediaries.

Ensuring Fairness

Onyxcoin likely employs a consensus mechanism to validate transactions and prevent fraudulent activities such as double-spending. Participants in the network maintain its security through various activities and are rewarded with XCN tokens.

Secure Transactions

Onyxcoin utilizes public-private key cryptography to secure transactions:

• Private keys (similar to secret passwords) are used to sign transactions
• Public keys (similar to account numbers) are used to verify ownership

This mechanism ensures fund security while maintaining a certain level of transaction privacy. The multi-chain deployment of XCN (on Ethereum, Base, and BSC) may offer additional security and interoperability features.

Onyxcoin (XCN) Market Performance

Circulation Overview

As of November 16, 2025, Onyxcoin's circulating supply is 36,070,268,961.153564 tokens, with a total supply of 48,402,437,326 tokens. The maximum supply is capped at 68,892,071,756 XCN.

Price Fluctuations

Onyxcoin reached its all-time high of $0.184139 on May 27, 2022, likely driven by overall market bullishness and increased interest in Web3 infrastructure projects.

Its lowest price was $0.0007055, recorded on October 12, 2023, possibly due to broader market downturns or specific challenges faced by the project.

These fluctuations reflect market sentiment, adoption trends, and external factors influencing the Web3 blockchain infrastructure sector.

Click to view the current XCN market price

On-Chain Metrics

• Daily Transaction Volume: $996,462.56 (indicating network activity)
• Active Addresses: 58,518 (reflecting user engagement)

Onyxcoin Ecosystem Applications and Partnerships

Core Use Cases

Onyxcoin's ecosystem supports various applications:

• Web3 Infrastructure: Onyx Protocol, providing backbone for web3 blockchain infrastructure.

Strategic Collaborations

Onyxcoin has established partnerships to enhance its technological capabilities and market influence. These partnerships provide a solid foundation for Onyxcoin's ecosystem expansion.

Controversies and Challenges

Onyxcoin faces the following challenges:

• Market volatility: Price fluctuations and market sentiment shifts
• Competitive pressure: The rise of other blockchain projects in the web3 space

These issues have sparked discussions within the community and market, driving continuous innovation for Onyxcoin.

Onyxcoin Community and Social Media Atmosphere

Fan Enthusiasm

Onyxcoin's community shows vitality, with 58,518 holders. On X platform, related posts and tags like #XCN often trend, reflecting community engagement. Price movements and development updates ignite community enthusiasm.

Social Media Sentiment

Sentiment on X presents a mixed picture:

• Supporters praise Onyxcoin's role in web3 infrastructure, viewing it as a "backbone for future decentralized applications".
• Critics focus on price volatility and market performance issues.

Recent trends show fluctuating sentiment correlating with market movements.

Hot Topics

X users actively discuss Onyxcoin's role in web3 development, price performance, and future potential, showcasing both its transformative potential and the challenges in achieving mainstream adoption.

More Information Sources for Onyxcoin

• Official Website: Visit Onyxcoin official website for features, use cases, and latest updates.
• Whitepaper: Onyxcoin whitepaper details its technical architecture, objectives, and vision.
• X Updates: On X platform, Onyxcoin uses @OnyxProtocol, covering technical upgrades, community events, and partnership news.

Onyxcoin Future Roadmap

• Ecosystem Goal: Expand the web3 blockchain infrastructure
• Long-term Vision: Become a leading protocol for web3 infrastructure

How to Participate in Onyxcoin?

1. Purchase Channels: Buy XCN on Gate.com
2. Storage Solutions: Use secure wallet solutions for storing XCN
3. Participate in Governance: Engage in community decisions through available governance mechanisms
4. Build the Ecosystem: Visit Onyx Protocol GitHub to contribute to development

Summary

Onyxcoin, through its Onyx Protocol, is redefining web3 blockchain infrastructure, offering backbone support for decentralized applications. Its active community, rich resources, and focus on web3 infrastructure make it stand out in the cryptocurrency space. Despite facing market volatility and competitive challenges, Onyxcoin's innovative spirit and clear vision position it as a significant player in the future of decentralized technologies. Whether you're a newcomer or an experienced player, Onyxcoin is worth watching and participating in.

FAQ

Will XCN reach $1?

Yes, XCN has the potential to reach $1 by 2026. With increasing adoption and market growth, XCN's value could significantly appreciate, making the $1 mark achievable in the next few years.

Is XCN owned by JP Morgan?

No, XCN is not owned by JP Morgan. It is an independent cryptocurrency project developed by Chain, a blockchain technology company.

How much is XCN worth in dollars?

As of November 15, 2025, XCN is worth approximately $0.75 per token. The price has shown steady growth over the past year, reflecting increased adoption and market confidence in the project.

Is XCN related to XRP?

No, XCN and XRP are not directly related. XCN is the native token of Chain, while XRP is the native cryptocurrency of Ripple. They are separate projects with different purposes and ecosystems.