Compass Investments

– The Onyx Decentralized Financial (DeFi) protocol (XCN) has seen its token price surge more than 80% in the last 24 hours following the launch of the new Goliath mainnet.

The update marks the transition from Onyx’s Level 3 rollup to a standalone Level 1 blockchain, with prospects for improved scalability, security and performance.

One of the most important announcements regarding Goliath is its potential ability to approach or even surpass the transaction speeds of traditional payment systems, such as Visa, which processes about 24,000 transactions per second (TPS).

Although the mainnet uses a Proof-of-Stake consensus mechanism that can theoretically handle much higher throughput, achieving such performance in a decentralized environment remains a significant technical challenge.

XCN is currently trading at $0.022, up 136% over the past seven days. The recent rally comes after a volatile start to 2025, when XCN rose more than 1,500% in just two weeks to peak at $0.035.

The rally triggered a rapid increase in market capitalization: in the last 24 hours, XCN has added more than $300 million, a 76.79% increase. The token is now leading the cryptocurrency market growth, returning to the top 100 cryptocurrencies by market capitalization.

XCN’s growth coincided with a significant increase in trading volume and user activity. On April 11, the token registered 3,902 active addresses per day and a trading volume of $591 million, indicating a marked increase in activity after the launch of the Goliath mainnet.