XDC, the native currency of the XDC Network, leads the weekly price rise in a market that was dyed red by the fall of bitcoin (BTC). In the last 7 days, the price of XDC went from $0.083 to $0.096, representing an increase of 15%.
XDC quote in the last 7 days. Source: CoinMarketCap. XDC Network is a platform whose objective is to facilitate international trade and finance, offering fast, secure transactions and low commissions. Complies with the ISO 20022 standard, an international regulatory framework that governs the electronic exchange of data between financial institutions. Currently, the network's total value locked (TVL) exceeds $27.09 million, according to data from DefiLlama.
TVL from XDC Network. Source: DefiLlama. For its part, the number of daily transactions exceeds 821,000 in the last 24 hours, levels not seen since the end of 2021. This metric reflects the activity in the XDC Network ecosystem and, as a consequence, expresses an increase in demand for its native currency XDC, which translates into an increase in price.
Daily transactions on XDC Network throughout its history. Source: XDCScan. It is worth noting that XDC is one of the currencies that has benefited from the outstanding performance it is having XRPthe cryptocurrency issued by Ripple Labs. This is because both digital assets share a similar goal: offering fast and affordable cross-border payments focused on businesses. Another reason that drives this price increase is the recent expansion of XDC Network in Brazil and the partnership with the firm C9Tech. The alliance consists of the launch of C9Chain, an XDC Network sudnet that will allow the creation of personalized, secure and private networks. In addition to these benefits, the subgrid brings improvements such as the implementation of prepaid gas rates. Another novelty that aroused the interest of the market is the association with the United Kingdom exchange Archax, with the aim of driving the adoption of tokenized assets, known as Real World Assets (RWA).
As BitcoinDynamic already explained, RWA are assets that, through the tokenization process, digitally replicate real estate, bonds, raw materials, among others. This is important information because more and more companies migrate their assets to cryptocurrency platforms. The financial giant BlackRock has been one of the promoters of this movement. Likewise, it should be noted that the signature Standard Chartered forecasts the tokenized RWA industry will reach $30 trillion by 2034.
