XYO Network

XYO Network is a decentralized physical infrastructure network, or DePIN, that uses a large web of hardware nodes to collect and validate real-world location and other physical data, then makes that data available to both blockchain-based and traditional software applications. The project claims to address the challenge of reliably bridging information from the physical world — such as where an object is or has been — into digital systems, serving industries including logistics, artificial intelligence, geolocation services, and gaming. It describes itself as the first DePIN to launch a mainnet and reports operating more than ten million nodes.

XYO uses two proprietary technologies, Proof of Location and Proof of Origin, to verify that data submitted by physical nodes is accurate and traceable to a real-world source before it is recorded on-chain. The project operates on two token layers: the XYO token, which lives on Ethereum and is used for ecosystem rewards, staking, and governance, and a second token called XL1, which is internal to XYO's own purpose-built Layer One blockchain and covers gas fees and on-chain transactions within that network. The circulating XYO supply of approximately 13.9 billion tokens represents the entire issued supply, as the fully diluted valuation equals the market capitalization and no additional supply is pending or in overhang.

The data provided does not include a protocol fee stream, so this site carries no fee-based measures such as price-to-fees or revenue multiples for XYO. The XL1 token is described as handling gas fees within the XYO Layer One blockchain, but no figures for fee volume, fee recipients, or protocol revenue are stored here. What is recorded is a 24-hour turnover ratio of 5.67, meaning trading volume over the past day was equivalent to roughly 5.67 percent of the total market capitalization, which reflects how actively the token changes hands relative to its size.