What is Onyxcoin (XCN)?
Onyx is a Layer 3 blockchain designed to enhance scalability, interoperability, and efficiency for decentralized applications and enterprise solutions. Built using Arbitrum Orbit’s rollup technology and leveraging AnyTrust’s data availability model, Onyx settles to Base Layer 2, maintaining Ethereum’s security guarantees while offering lower transaction costs and higher throughput. Its modular design allows developers to deploy customizable rollups tailored to specific use cases, enabling faster innovation without the limitations of traditional Layer 1 or Layer 2 networks.
The protocol is focused on addressing key challenges such as high transaction fees, limited scalability, and fragmented liquidity. By integrating cross-chain messaging, efficient bridging, and flexible data management, Onyx supports seamless interaction between multiple blockchain environments. This structure opens new possibilities for decentralized finance (DeFi), institutional finance, and enterprise-grade blockchain applications.
At the core of the Onyx ecosystem is XCN, its native token. XCN is used for transaction fees, smart contract execution, staking rewards, and governance participation through the Onyx DAO. The tokenomics of XCN are designed for long-term sustainability, incorporating EIP-1559 mechanics that regulate gas fees and support token burn mechanisms. Holders of XCN can influence the protocol’s future through on-chain proposals and votes, ensuring that development and upgrades reflect community input. Onyx’s combination of scalable architecture, predictable economics, and decentralized governance positions it as a flexible and forward-looking infrastructure layer for the evolving blockchain landscape.
At the time of writing, the circulating supply of XCN is approximately 33.2 billion tokens. XCN is listed on Binance for trade and purchase. The live price of XCN is updated in real-time on Binance.
