Onyxcoin (XCN) has made headlines with an 80% rally in just 24 hours, powered by the official launch of its Goliath Mainnet. The DeFi protocol’s transition from a Layer 3 rollup to a standalone Layer 1 blockchain promises scalability, speed, and a more secure ecosystem — and the market is clearly taking notice.

The Goliath upgrade positions Onyx to compete with traditional payment networks, boasting theoretical throughput comparable to Visa’s 24,000 transactions per second. Built on a Proof-of-Stake consensus, Goliath is designed to handle higher volume with lower cost and energy consumption — a key feature as Layer 1 congestion continues to challenge Ethereum and others.

At the time of writing, XCN trades at $0.022, climbing 136% in a week and recovering sharply from earlier volatility in 2025. Daily trading volume has surged past $590 million, and over 3,900 active wallets interacted with the protocol on April 11 alone.

Despite the bullish sentiment in the spot market, futures traders are cautious. XCN’s negative funding rate suggests an imbalance favoring short sellers — often a sign of potential liquidation risk or upcoming volatility.

What’s Next?

Onyx’s rebrand into a full-fledged Layer 1 player brings excitement — but also pressure. Delivering the promised performance at scale in a decentralized setting will be the real test. For now, speculators and tech-watchers alike are paying close attention.

Some may see this as a buying opportunity, others may brace for a cooldown. But either way, Onyxcoin just re-entered the spotlight — and it might stay there longer than expected.

This article is for informational purposes only and does not constitute financial advice.