XDC Network turns 5 this June 1st, celebrating five years of network stability, growth, and innovation.
XDC Network reached a significant milestone today (June 1, 2024), celebrating its 5th anniversary. Over the past five years, XDC Network’s mainnet has remained stable, demonstrating the resilience and robustness of our Layer 1 blockchain network. This stability has provided a foundation for continuous innovation and growth, driven by our unwavering commitment to transforming key sectors like Trade Finance Tokenization, Decentralized Physical Infrastructure (DePIN), Gaming, De-Fi/Staking, and AI.
We are grateful for the incredible support of our Node operators, vibrant community, robust ecosystem, dedicated team, and valued partners. Their contributions have been instrumental in propelling XDC Network to this success. Now let’s take a moment to look back on the milestones we’ve achieved over the past year.
Network Growth and Statistics
Over the past year, XDC Network has witnessed significant growth and expansion across various metrics, reflecting our commitment to scalability and innovation:
- Nodes: Increased to 426 (+66)
- Accounts: Grew to 1.67 million (+777,000)
- Blocks: Reached 75.3 million (+13.5 million)
- Smart Contracts: Increased to 16,000 (+3,000)
- Transactions: Surpassed 563.9 million (+149.47 million)
XDC market metrics underscore the growing value and adoption of the XDC Network:
- Market Cap: $512.8 million
- Diluted Market Cap: $1.30 billion
- Circulating Supply: 13.91 billion
- Total Supply: 37.9 billion
Global Outreach and Community Engagement
In addition to forging strategic partnerships and launching innovative products, XDC Network actively participated in over 30+ premium events worldwide. This global outreach strategy helps to introduce XDC Network’s capabilities to a wider audience, connect with potential collaborators within the Web3 space, and provide valuable insights and resources to developers and enthusiasts.
XDC Network’s commitment to community building extended beyond these global events. The Dubai XDC Dev Center hosted numerous workshops and events, fostering a vibrant hub for learning and collaboration.
Growing Partnerships and Expansion
XDC Network has fostered a robust ecosystem through strategic partnerships with SBI Holdings, Securitize, Tradeteq, IMDA, Ankr, Umbrella Network, ChainIDE, WEFi, Supra’s dVRF, SolidityScan and more. These collaborations enhance contract integrity, expand the network’s reach, and provide reliable oracle solutions, driving growth and innovation in the ecosystem.
Fuelling Innovation: XDC Accelerator Program
The XDC Accelerator Program, partnered with leading accelerators like Foundership and Tenity, empowers early-stage blockchain startups with mentorship, funding, and marketing support. This initiative is already underway with two active programs, and XDC Network is actively seeking partnerships with more accelerators to further enrich the ecosystem with successful DApps.
AI Innovation in Web3
CodeRun.ai is an AI tool developed by the core team of XDC Network. Launched with the vision of making coding accessible to individuals of all ages and skill levels, Coderun.ai empowers users to bring their ideas to life through its code-generation capabilities. Coderun.ai remains an invaluable resource for individuals and businesses seeking to leverage the power of blockchain technology in their projects.
SubSwap for XDC Subnet
XDC Subnet is a technology that allows you to create a secure, scalable, and decentralized network within the XDC Ecosystem. It enables various use cases, including creating private subnets, deploying decentralized applications (dApps), and more. Recently, we launched SubSwap (Subnet Swap) — a cross-chain Dapp built on XDC Zero, enabling seamless asset transfers and swaps across various subnets and the mainnet.
XDC Availability in Market
XDC is traded on 30+ exchanges namely Kucoin, Bitfinex, Uphold, Gate.io, HTX, LCX, CEX.io, Bitget, HitBTC, Huobi, Indodax, Bitrue, CoinDCX, Coins.ph, Bitmart, FMFW, Lbank, Swyftx, MEXC, BLOX, Mercatox, CoinEX, StealthEx, Whitebit, Bybit, CoinW, DigiFinex, BuyUcoin, Liquid, Bequant, ProBit, Changelly Pro, Proton DEX, Kinesis and more.
dditionally, multiple decentralized exchanges (DEX) support XDC and XRC20 tokens, including Xswap DEX, Globiance DEX, Changelly, SwapZone, Simple Swap, and more, and the full list of exchanges and DEX are available at https://xinfin.org/get-xdc.
Looking Ahead
As we look to the future of XDC Network with a commitment to decentralizing decision-making, we are excited to announce the release of DAOFIN, an XDCDAO initiative. This will become fully operational after thorough testing.
XDC 2.0 is planned to go live on XDC Mainnet this year. The upcoming XDC 2.0 upgrade aims to further enhance scalability, security, and efficiency. Recently, we announced the completion of the XDC 2.0 audit by CertiK, ensuring the highest standards of security and performance for the network.
Celebrate with Us!
As we celebrate our #XDCTurns5, we invite you to join the XDC Community on this exciting journey.
XDC Network Celebrates 5 Years: Unwavering Mainnet Stability and Layer 1 Blockchain Innovation. was originally published in XinFin on Medium, where people are continuing the conversation by highlighting and responding to this story.