Onyxcoin

Onyxcoin (XCN) is the native token of the Onyx project, which describes itself as infrastructure for a multi-asset, scalable, and cryptographically secure ledger aimed at making financial ecosystems more efficient and interconnected. The project positions itself toward institutions and developers who need a ledger system that balances security, scalability, and usability. It is categorized as a Layer 1 blockchain and exists across multiple environments, including its own XCN Ledger Blockchain and the Onyx Goliath Blockchain.

XCN operates natively on the Onyx XCN Ledger and Onyx Goliath Blockchain, and it also exists as an ERC-20 token on Ethereum-compatible networks, meaning it can function within the broader Ethereum and BNB Chain ecosystems. The project is categorized under Proof of Stake consensus, though specific details about block production, validator requirements, or slashing mechanics are not available in the stored data. Within the system, XCN is used for staking and governance, giving token holders a role in protocol decisions.

The stored data does not include a fee revenue stream for Onyx, so there is no recorded information about protocol fees collected, who pays them, or how they are distributed. This means fee-based measures commonly found on this site — such as fee yield or revenue-to-market-cap ratios — are not applicable here. What is recorded is a 24-hour turnover of 2.33449 percent and a 30-day average volume-to-market-cap ratio of 3.025789 percent, both of which reflect trading activity relative to the asset's market capitalization of approximately 143 million USD rather than any underlying protocol revenue.