XION Price

XION is a Layer-1 blockchain cryptocurrency launched in December 2024 that aims to simplify Web3 digital account management. Currently ranked #797 with a price of $1, XION has seen a -1.75% change in the last 24 hours. It operates on the Osmosis platform and has a circulating supply of 37.34M XION out of a total supply of 200M XION. XION focuses on reducing transaction fees typically associated with other blockchains and has gained backing from notable investors including Multicoin Capital, Animoca Brands, and Circle Ventures. With a market cap of $37.38M and 24-hour trading volume of $1.72M, XION is designed to facilitate seamless transactions within its ecosystem while making Web3 more accessible to mainstream users.

XION was created on December 5, 2024. It was launched by Burnt, a company focused on advancing financial and creative freedom through blockchain technology. The cryptocurrency operates primarily on the Osmosis platform and has since been listed on multiple exchanges. XION aims to provide innovative solutions in the Web3 space as a Layer 1 blockchain platform.

XION was founded by Burnt Labs, a team focused on blockchain integration and mainstream adoption. While the specific individual founders are not publicly disclosed, the project is backed by notable investors including Multicoin Capital, Animoca Brands, and Circle Ventures. The team has developed XION as a Layer 1 blockchain designed for mainstream adoption through what they call 'Generalized Abstraction Infrastructure.' Their goal is to simplify Web3 experiences for non-crypto natives and enable seamless engagement with applications across different blockchain ecosystems. The project launched in 2024 and has positioned itself as the first blockchain to integrate USDC as its primary transactional currency.

XION operates as a Layer 1 blockchain designed to simplify Web3 interactions. It works by integrating blockchain functionalities directly at the protocol level, eliminating traditional barriers to entry. Users can interact with XION without creating wallets, storing seed phrases, or navigating complex on-ramping processes. The XION token powers the ecosystem with a total supply of 200M XION tokens. Currently priced at $1 with a market cap of $37.38M, it ranks #797 among cryptocurrencies. The token facilitates transactions, governance, and staking within the network. Key features include: • Chain abstraction technology that hides blockchain complexity • Account abstraction for seamless user experience • Built on Cosmos SDK for interoperability • Gas-free transactions for everyday users XION aims to drive mainstream crypto adoption by making blockchain interactions as simple as traditional web experiences, while maintaining security and decentralization benefits.

XION operates on a Layer 1 blockchain architecture designed to enhance Web3 user experience and developer accessibility. The network utilizes a Cosmos SDK-based infrastructure with IBC (Inter-Blockchain Communication) protocol support, enabling seamless interoperability with other blockchains. XION's technical foundation includes: 1. Account abstraction for simplified user onboarding 2. Gas-free transactions to reduce friction 3. Smart contract compatibility with EVM (Ethereum Virtual Machine) 4. Proof-of-Stake consensus mechanism for energy efficiency 5. Cross-chain bridges for asset transfers between networks The architecture prioritizes scalability with high throughput capabilities while maintaining security through distributed validator nodes. XION's infrastructure supports both native token operations and wrapped versions on Ethereum and Base networks, facilitating broader ecosystem integration and liquidity access.

XION has an ambitious roadmap focused on expanding its Layer 1 ecosystem. In the near term (2025-2026), XION plans to enhance its blockchain infrastructure with improved scalability solutions and cross-chain interoperability. The team aims to increase adoption through strategic partnerships with major Web3 projects and traditional businesses. By 2027, XION intends to launch advanced DeFi protocols and governance mechanisms, giving token holders more influence over the network's development. The long-term vision (by 2030) includes establishing XION as a leading platform for decentralized applications with particular focus on enterprise solutions. With current market cap at $37.38M and growing community support, XION is positioned to potentially reach higher valuations as it executes on its roadmap milestones. The development team regularly updates progress through their official channels and community forums.