Key Takeaways
XDC Network’s native token (XDC) climbed over 7 percent in 24 hours to $0.03215 after data showed it surpassed Bitcoin as the most-visited cryptocurrency on CoinMarketCap over the past week.
"XDC just flipped Bitcoin as the most-visited crypto on CoinMarketCap over the last 7 days," crypto analyst X Finance Bull said in a post on X. "The surge in attention is not random. Something is building beneath this token that the market hasn’t fully processed yet."
The increased interest comes as the network, designed to address the $2.5 trillion trade finance gap, gains traction. According to its specifications, the XDC Network supports 2,000 transactions per second (TPS) with near-zero fees and is ISO 20022 compliant, the same messaging standard used by SWIFT. The token's market capitalization currently stands at approximately $635 million, according to CoinMarketCap data as of May 11.
The project's focus on institutional-grade finance is supported by key players, with BitGo providing regulated custody and Circle's USDC being bridged to the network. With a former SWIFT executive on its team, XDC aims to capture a piece of the multi-trillion-dollar trade finance market, a move that could significantly impact its valuation if successful.
The attention on XDC stems from its unique positioning as a blockchain solution for the trade finance industry, a sector traditionally reliant on paper-based processes. The network's features, including know-your-customer (KYC) verified masternodes, are designed to meet institutional requirements.
Recent developments have further aligned the network with institutional standards. The Cancun hard fork in January brought XDC up to date with Ethereum's latest standards, including EIP-1559 for more predictable transaction fees. The introduction of XDC 2.0 also added Byzantine fault tolerance with forensic monitoring, a feature developed by a professor from Princeton University, enhancing its security credentials for institutional use.
This article is for informational purposes only and does not constitute investment advice.
