Onyxcoin (XCN) is a decentralized digital asset that operates on the Ethereum blockchain. It serves as the governance and utility token for the Onyx Protocol, a decentralized platform that facilitates peer-to-peer lending and borrowing of various digital assets. The Onyx Protocol supports a range of digital assets, including Ether (ETH), ERC-20 tokens, ERC-721 tokens, and ERC-1155 tokens. These assets can be supplied or borrowed through an aggregated and unified balance, supported by non-custodial custody via decentralized smart contracts. Onyxcoin (XCN) strives to enhance the borrowing capacity of the corresponding account by allowing NFTs to be supplied as collateral.

Onyxcoin operates within the Onyx Protocol, a decentralized platform designed for peer-to-peer lending and borrowing of various digital assets on the Ethereum blockchain. It uses smart contracts for non-custodial transactions, ensuring transparency and security. Users can supply digital assets, including Ether and different types of ERC tokens, into a unified pool from which they can borrow, using these assets or NFTs as collateral. Onyxcoin also serves a dual purpose: it acts as a governance token, giving holders voting rights over protocol decisions, and as a utility token, facilitating various activities within the system and maintaining its economic balance.

Onyxcoin has several potential use cases within the Onyx Protocol. As a governance token, it allows holders to influence the trajectory of the Onyx Protocol through a structured system of voting and proposals. This ensures a democratized control and continual securing of the platform. As a utility token, Onyxcoin facilitates various activities within the system and maintains its economic balance. It also serves as a preferred medium for accessing Chain.com products with discounts. Furthermore, Onyxcoin holders may stake their holdings to receive compensation, sustaining the protocol’s economic vitality.

Onyxcoin is a decentralized project launched by a group of developers. It is fully open-source and developed by the XCN community. The Onyx Protocol, powered by Onyxcoin, aims to support a broader segment of the digital asset space, including non-fungible tokens (NFTs). The protocol supports a variety of digital assets, which can be supplied or borrowed through an aggregated and unified balance, supported by non-custodial custody via decentralized smart contracts. The Onyx Protocol's underlying mechanism is powered by Onyxcoin (XCN), a decentralized digital asset on the Ethereum blockchain that serves as both the protocol's governance and utility token.

We update our Onyxcoin to USD currency in real-time. Get the live price of Onyxcoin on Coinbase.

The current market cap of Onyxcoin is $620.56M. A high market cap implies that the asset is highly valued by the market.

The all-time high of Onyxcoin is $0.18. This all-time high is highest price paid for Onyxcoin since it was launched.

Over the last 24 hours, the trading volume of Onyxcoin is $106.63M.

Assets that have a similar market cap to Onyxcoin include Morpho, Walrus, DeepBook Protocol, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Onyxcoin is 34 billion.

Onyxcoin ranks 44 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

Currently, 96% of Coinbase users are buying Onyxcoin. In other words, 96% of Coinbase customers have increased their net position in Onyxcoin over the past 24 hours through trading.

Yes, Onyxcoin is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Onyxcoin guide.