XYO Network Skyrockets as Project Unleashes Dual-Token Strategy

The XYO token, tied to a decentralized physical infrastructure project, saw a major price spike on Friday, climbing nearly 44% after scoring a new exchange listing.

The XYO token, linked to a decentralized physical infrastructure project, shot up significantly on Friday, rising nearly 44% after a new exchange listing brought fresh attention to the project.

What Happened: South Korean trading platform Bithumb announced it would be listing the XYO token, sparking a rally in the asset’s price.

The project, which aims to handle decentralized data across a wide range of devices using hardware nodes to verify each other’s information, saw its token surge to $0.1108, compared to a seven-day low of $0.077 on Thursday.

The project's goal is to make decentralized data easily collectible, validatable, organizable, and applicable, according to its creators.

In addition to the new listing, the project recently unveiled plans for a significant upgrade. XYO will be transitioning to a new DePIN-focused layer-1 blockchain and introducing a second native token, XL1.

Going forward, the network will operate with a dual-token system, with XYO continuing to live on Ethereum and serving as a regulatory bridge for the flow of XL1 into the new chain.

The team behind XYO believes that these changes will strengthen the network's infrastructure and broaden its use cases, positioning it as a core player in the growing DePIN sector.

By introducing a dedicated blockchain and new token model, the project hopes to boost scalability and attract a wider range of decentralized applications and partners, aiming to expand the role of blockchain technology in the physical world.

See More: Best Hardware Walletsoutput: The price of XYO token, linked to a decentralized physical infrastructure project, shot up significantly on Friday, rising nearly 44% after a new exchange listing brought fresh attention to the project.

South Korean trading platform Bithumb announced it would be listing the XYO token, sparking a rally in the asset's price. The project, which aims to handle decentralized data across a wide range of devices using hardware nodes to verify each other's information, saw its token surge to $0.1108, compared to a seven-day low of $0.077 on Thursday.

The project's goal is to make decentralized data easily collectible, validatable, organizable, and applicable, according to its creators. In addition to the new listing, the project recently unveiled plans for a significant upgrade. XYO will be transitioning to a new DePIN-focused layer-1 blockchain and introducing a second native token, XL1.

Going forward, the network will operate with a dual-token system, with XYO continuing to live on Ethereum and serving as a regulatory bridge for the flow of XL1 into the new chain. The team behind XYU believes that these changes will strengthen the network's infrastructure and broaden its use cases, positioning it as a core player in the growing DePIN sector.

By introducing a dedicated blockchain and new token model, the project hopes to boost scalability and attract a wider range of decentralized applications and partners, aiming to expand the role of blockchain technology in the physical world.