Onyxcoin (XCN) is the native utility, gas, and governance token of the Onyx blockchain, a modular Layer 3 network designed for high-performance, cross-border financial applications. Built for institutional-grade use, XCN powers fast, low-cost transactions, decentralised governance, validator staking, and smart contract execution. Onyxcoin plays a critical role in enabling scalable blockchain infrastructure with Ethereum compatibility, predictable fees, and robust cross-chain functionality.
Onyx is a Layer 3 protocol built on Arbitrum Orbit, with transaction settlement on Base and finality anchored to Ethereum Layer 1. This three-tiered architecture ensures speed, cost-efficiency, and security. Onyxcoin supports rollup-based scaling, EVM-compatible smart contracts, and advanced features such as atomic cross-chain bridging, fraud-proof validation, and AnyTrust data availability. XCN enables staking, gas payments, and governance voting, making it central to Onyx’s decentralised infrastructure and ecosystem functionality.
XCN is used across a broad range of financial and decentralised applications. It functions as the gas and governance token for dApps built on Onyx, facilitates cross-border payments and digital asset transfers, and supports institutional-grade DeFi services like decentralised banking and securities issuance. XCN also powers validator staking and protocol governance, allowing token holders to influence upgrades and decision-making. Target sectors include fintech, enterprise DeFi, asset management, and blockchain-based financial services.