Xdc Network (XDC) Price Live Data

As of Dec 16, 2024, the global cryptocurrency market cap is $3.68T with a +1.91% change in the last 24 hours. Today's price of Xdc Network (XDC) is $0.0813, with a 24-hour trading volume of $38.57M. Besides today’s market cap of Xdc Network (XDC) $1.21B coins, with a circulating supply of $14.93B, fully diluted value is  $3.08B and a maximum supply of 37.95B Xdc Network (XDC) coins. It has an all-time high of $0.1939 (-57.97%) recorded on Aug 21, 2021, and its all-time low was $0.0001571 (+51763.97%), recorded on Jun 20, 2019. Easily buy and trade XDC/INR coins on SunCrypto, India's most secure and user-friendly cryptocurrency exchange, trusted by millions for their crypto trading needs! 

The XDC Network initially launched as the XinFin Network in 2019, is an enterprise-grade, hybrid blockchain platform designed to streamline global trade finance through tokenization and decentralization. Its infrastructure combines public and private blockchain elements, offering speed, scalability, and security tailored to institutional-grade financial use cases.

Founders and Creation of XDC Network

The XDC Network was co-founded by Atul Khekade, Ritesh Kakkad, and Karan Bhardwaj. Atul Khekade and Ritesh Kakkad envisioned a platform capable of solving inefficiencies in trade finance, particularly for underfunded MSMEs (Micro, Small, and Medium Enterprises) operating globally.

• Atul Khekade: A seasoned tech entrepreneur who previously worked with blockchain solutions for major Asian banks.

• Ritesh Kakkad: Known for his extensive experience in cloud computing and enterprise technologies.

• Andre Casterman: A prominent leader in XDC Network innovations, who spent over 20 years at SWIFT—a global financial messaging network.

The mainnet went live in June 2019. XDC became a hybrid blockchain network that is EVM-compatible, which enables seamless integration with Ethereum-based applications. Its consensus mechanism, XinFin Delegated Proof of Stake (XDPoS), improves energy efficiency and transaction validation compared to traditional systems like Bitcoin's Proof-of-Work.

Key Features of XDC Network

1. Hybrid Blockchain: Balances privacy (private blockchain) and transparency (public blockchain) for enterprise-level use cases.

2. Consensus Mechanism: XDPoS provides fast and eco-friendly transaction processing.

3. Tokenization: XDC facilitates real-world asset tokenization to improve liquidity and accessibility.

4. Trade Finance Focus: XDC’s architecture is tailored for cross-border payments and trade document digitization.

Notably, XDC Network became MLETR-compliant (Model Law on Electronic Transferable Records), allowing paperless verification of trade finance documents.

Price History of XDC Network (XDC)

The XDC Network, a blockchain platform tailored for enterprise use and trade finance, has shown notable price movements since its inception. Here's a detailed explanation of its price history:

1. Initial Years (2019–2020): Modest Beginnings

• Post-mainnet launch in 2019, XDC traded at very low values, staying under $0.01.

• As a newly launched blockchain, it gained limited market recognition during these years, which is common for emerging projects.

• The network focused on development, partnerships, and building its enterprise-oriented solutions rather than immediate market speculation.

2. 2021 Surge: First Bull Run

• In 2021, XDC experienced its first major bull run, fueled by a broader market rally that saw Bitcoin and other cryptocurrencies hit all-time highs.

• All-time high: XDC reached $0.19 in August 2021, marking a significant milestone.

• The surge was driven by:

• Growing adoption of XDC's blockchain in trade finance.

• Key partnerships, such as integration with Tradeteq for tokenizing trade finance assets.

• Positive market sentiment, which affected most altcoins alongside Bitcoin's rise to $60,000+.

3. Market Corrections (2022–2023): Price Volatility

• After the highs of 2021, XDC, like other cryptocurrencies, faced price corrections due to global economic uncertainty and a bear market.

• During 2022 and 2023, XDC traded between $0.02 and $0.08.

• Key reasons for volatility included:

• Global factors like inflation, rising interest rates, and investor risk aversion.

• Market-wide crashes, such as the collapse of major crypto platforms like Terra-LUNA and FTX.

• Decline in retail investor enthusiasm following the bull run.

Despite this, XDC maintained a strong presence in enterprise adoption, securing partnerships with financial institutions and trade networks.

4. Current Value (2024): Stable Growth

• As of 2024, XDC is trading between $0.05 and $0.08, reflecting its recovery and stability amidst renewed institutional interest.

• Market Cap: The XDC Network maintains a valuation of over $1 billion, positioning it among the leading blockchain platforms.

• Contributing factors include:

• Ongoing advancements like the upcoming XDC 2.0 upgrade, improve network security and scalability.

• Expansion of Real World Assets (RWA) through tokenization of trade finance.

• Partnerships with global trade organizations, such as ITFA and TradeTrust.

Unique Advantages

The XDC Network’s standout use case lies in trade finance, which bridges the $5 trillion global funding gap. It has partnered with TradeTrust and ITFA (International Trade & Forfaiting Association), offering enterprises a compliant and digitized solution for cross-border trade documentation. Moreover, XDC has supported Real World Assets (RWA), such as tokenized U.S. Treasury bonds.

The network also benefits from being environmentally sustainable, as its operations consume far less energy compared to networks like Bitcoin.

Adoption and Partnerships

XDC Network has secured notable partnerships, including:

• IMDA's TradeTrust: Verifies trade documents in a digitized format.

• Tradeteq and Securitize: Tokenization of trade finance instruments and U.S. Treasury bonds.

• SBI Holdings: Expansion of use cases in cross-border payments and trade finance.

• TFDi Membership: The Trade Finance Distribution Initiative, involving major global banks.

Real-world implementations, such as fractionalized funding of trade assets and peer-to-peer settlement of trade documents, highlight its practical utility.

The Future of XDC Network

The XDC 2.0 upgrade, currently in development, promises enhanced security and Byzantine Fault Tolerance (BFT), further solidifying its position as a top blockchain for institutional finance. The network is poised to lead innovations in tokenized trade assets, helping MSMEs access global capital markets with improved liquidity solutions.

And finally…

The XDC Network stands out as a transformative blockchain platform, with a strong focus on digitizing global trade finance. Founded by visionaries like Atul Khekade and Ritesh Kakkad, it merges efficiency, eco-friendliness, and enterprise-grade infrastructure. Its ongoing development, alongside partnerships with major global institutions, positions XDC as a cornerstone for blockchain adoption in trade and finance.

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