Onyxcoin (XCN) is the native utility token of the Onyx Protocol, operating on the Ethereum blockchain and extending to BNB Chain and Base networks and other multi-chain ecosystems. The project is positioned as DeFi infrastructure, focusing on solving capital efficiency issues in the traditional lending market, supporting users to use various assets such as ERC-20 tokens and NFTs (like BAYC, MAYC) as collateral to obtain flexible credit limits. Its core innovation lies in achieving decentralized decision-making through a DAO governance model, allowing XCN holders to participate in protocol upgrade voting and stake tokens to earn rewards.
Token Market Trends and Distribution Mechanism
- Price Dynamics: As of July 3, 2025, XCN trades around $0.020, having retraced nearly 90% from its historical high of $0.1841 in 2022, but still up 1080.9% over the past year. Recently driven by the OIP-56 protocol upgrade, daily trading volume broke $42.67 million, significantly enhancing liquidity.
- Token Economics:
- Total Supply: Fixed at 48.4 billion, with no inflation mechanism.
- Circulation Distribution: Circulating supply accounts for 43.89% (about 34 billion), while the rest is held by the team (9.35%), DAO (18.71%), and institutions (28.05%), with some tokens being released through monthly unlocks.
- Market Cap Ranking: Global #125 - #160, with a market cap of approximately $500 - $720 million, reflecting the growth potential and volatility of a medium-sized project.
Technical Indicator Signals
The current RSI is at 45.55 (neutral zone), but market sentiment is bearish: 87.1% of technical indicators are bearish, while only 12.9% are bullish. If the price stabilizes above the 200-day moving average ($0.0168), it may trigger a trend reversal.
2025 Price Prediction: A Multidimensional Perspective Analysis
Based on a comprehensive analysis of technical models, institutional forecasts, and ecological developments, the trend of XCN in 2025 may present the following scenarios:
Forecast scenario |
Price Range |
Core driving factors |
Potential Risks |
Bullish |
$0.07 - $0.10 |
Layer 3 expansion implementation, institutional adoption acceleration, bull market cycle continuation |
Increased competition and delayed technology upgrades |
Neutral |
$0.045 - $0.065 |
DAO governance optimization, stable staking growth, Decentralized Finance market mild recovery |
Regulatory policies tightening, liquidity loss |
bearish |
$0.020 - $0.035 |
The bear market continues, NFT collateral scenarios are experiencing a chill, and there is inflation pressure on tokens. |
Systemic risk (such as black swan events) |
Key Catalysts:
- Technical Upgrade: The launch of the Layer 3 solution Arbitrum Orbit may enhance transaction throughput and reduce Gas costs.
- Ecosystem collaboration: Integration with mainstream public chains (such as Base L2) cross-chain bridges may expand the user base.
- Long-term outlook: Most models indicate that if the protocol continues to expand, the price could reach $0.067 by 2030.
Future Outlook: Ecological Development and Challenges
Onyxcoin The long-term value will depend on three strategic directions:
- Technological iteration: Promote modular blockchain architecture, optimize smart contract security, and support the tokenization of real-world assets (RWA).
- Scenario deepening: Expand the NFT collateral lending scenario, combine with VUSD stablecoin to enhance capital efficiency, and attract institutional funds.
- Governance evolution: Accelerate protocol upgrades through the DAO voting mechanism (such as the recent OIP-56 proposal) to enhance community autonomy.
The breakthroughs of Onyxcoin in DeFi innovation and multi-chain interoperability may make it Web3 Key participants in financial infrastructure - but only by navigating through the fog of cycles can their true value be verified.
Author:
Blog Team*The content herein does not constitute any offer, solicitation, or recommendation. You should always seek independent professional advice before making any investment decisions.
*Please note that Gate may restrict or prohibit the use of all or a portion of the Services from Restricted Locations. For more information, please read the User Agreement via
https://www.gate.com/legal/user-agreement.