In this 2025 XCN crypto has finally managed to climb back up from the bottom of the barrel that lasted about two years. Onyxcoin (XCN) is an Ethereum-based ERC-20 token powering the Onyx Protocol, a Layer 3 blockchain built on Arbitrum and Base, focused on scalable, secure financial services.
Its recent performance has been volatile: a 1,500% surge in January 2025, reaching $0.05, was followed by an 85% drop. Then again XCN price recovered and it’s currently trading at $0.019, +145% since the April low.
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XCN Crypto: What is Onyxcoin and Why It Surged in 2025
Layer-3 blockchains are a relatively new concept. While Layer-2 networks scale Ethereum by handling transactions off-chain, Layer-3s are built on top of L2s to add more customization such as faster throughput, lower fees, and specific compliance features.
They allow developers to tailor networks for specific sectors like DeFi, gaming, or finance. However, critics argue that Layer-3s add unnecessary complexity and could fragment liquidity across too many layers.
XCN remained largely dormant throughout 2023 and 2024, trading near all-time lows. That changed in early 2025, when the token surged over 1,500%, reaching $0.05 in January. The rally was sparked by several factors: the announcement of the Goliath Mainnet launch, improved staking rewards, a new deflationary fee model, and the release of a detailed Layer-3 whitepaper.
The resolution of past controversies and new DeFi integrations also helped restore investor confidence.
However, the price didn’t hold. After the sharp rally, XCN dropped nearly 85% before stabilizing around $0.019, up 145% from its April low. The chart, in general, shows high volatility.
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XCN is currently trading around $0.019, down over 14% daily. The token is moving within a clear range between $0.0159 support and $0.0222 resistance, which has held since mid-April.
After a massive surge to above $0.05 in January, followed by a steep correction, XCN has been consolidating. The recent bounce from the $0.0159 level suggests some buying interest at the bottom of the range. However, to regain momentum, it must break and hold above $0.0222.
If rejected again at resistance, XCN may revisit the lower bound. A breakout above $0.0222 could open room toward $0.03+, while a breakdown below $0.0159 risks further downside.
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Over the past three months, Layer-2 networks like Arbitrum and Base have dominated DeFi activity, processing over 1.3 billion transactions and holding more than $25 billion in combined TVL. In contrast, Layer-3 blockchains, like Onyx, Xai, and zkSync Hyperchains, are still in early development, with minimal user activity and almost no TVL.
While Layer-3s promise more customization and efficiency, actual demand remains low. Onyx Protocol, for example, has just ~$130K in TVL despite its ambitious proposal for a Layer-3 DeFi. Xai, a gaming-focused L3 built on Arbitrum, launched a $100 million dev fund but hasn’t shown major user traction yet.
Investment is increasing, mainly through ecosystem grants like Arbitrum’s $225 million gaming program. At this stage, Layer-3s are more of a long-term experiment than an active part of the DeFi stack. However, Layer-2 still captures the spotlight for real usage and liquidity.
Solaxy’s Fast Growth: $1 Million Raised in the Last 48 Hours
Solaxy, a Layer-2 blockchain for Solana, raised $36 million in its ICO, including $1 million in just two days, reflecting strong investor interest as the crypto market rebounds.
Solaxy’s presale surged with $1 million in two days, including a $400,000 (150 ETH) transaction. The project addresses Solana’s network congestion with scalable, fast, low-fee transactions while maintaining security. This matters during bull markets when meme coin surges, like the OFFICIAL TRUMP coin launch, clog Layer-1 networks. Solaxy handles high transaction volumes to ensure smooth performance.
With over 74,000 X followers and growing, Solaxy gains credibility. Its ecosystem includes a live testnet, blockchain explorer, and wallet integrations. Partnering with Best Wallet, it simplifies token management for users. A Coinsult audit confirms no security risks, ensuring transparency.
Investors can join the presale via Solaxy’s website using crypto or fiat, with Best Wallet integration for easy access.
As Solana’s first Layer-2, Solaxy solves scalability issues, especially for meme coin trading. With $36 million raised, a working testnet, and strong community support, it’s ready for the altcoin wave. Investors eyeing early opportunities find Solaxy compelling.
Layer-2 solutions often thrive during bull market congestion, and Solaxy stands out with solid tech and growing adoption.
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Key Takeaways
- Onyxcoin, XCN Crypto, recent rally was sparked by the Goliath Mainnet launch, staking rewards, deflationary model, and renewed investor confidence.
- Layer-3 blockchains like Onyxcoin offer customization atop Layer-2s but face skepticism, low adoption, and minimal DeFi activity so far with retail preferring Layer-2 solutions.
- Despite the hype, XCN crypto remains highly volatile and range-bound, with broader DeFi demand still focused on established Layer-2 networks.
- Solaxy, Solana’s first Layer-2, raises $36M in ICO, including a recent $400k (150 ETH) buy, tackles congestion, and eyes an upcoming altcoin rally.
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