Cryptocurrency XYO to be listed on Kraken following the disclosure of $8.8 million in projected 2024 income.
XYO Network Makes Major Strides with Exchange Listings and Layer-1 Blockchain Launch
The XYO Network, a pioneering Decentralized Physical Infrastructure Network (DePIN), has made significant progress in recent times. The project, founded in 2018 by Arie Trouw, Markus Levin, and Scott Scheper, operates over 10 million nodes worldwide and has now expanded its reach with the launch of its own Layer-1 blockchain, XYO Layer One, and listings on major centralized exchanges.
The Dual-Token Model and XYO Network's Growth
Under the dual-token model, the existing XYO crypto token serves governance and staking functions within the ecosystem, while the new XL1 token manages transaction fees, smart contract execution, and network rewards. This innovative approach has been instrumental in driving the network's growth.
The Impact of Exchange Listings
The listing of XYO on exchanges such as Kraken, Coinbase, KuCoin, MEXC, Bithumb, and Gate.io has historically played a significant role in increasing its liquidity and trading activity. These listings provide broader accessibility and credibility to XYO, allowing it to reach a wider audience beyond early adopters and niche users.
A Boost in Liquidity and Trading Activity
Since its listings, XYO has benefited from more active markets and improved liquidity, resulting in tighter spreads and potentially more stable pricing dynamics. The presence on multiple major exchanges has likely contributed to more consistent trading and accessibility to a global user base.
A Step into the Future with XYO Layer One
XYO Network has also made strides in the technological front, launching its own Layer-1 blockchain, XYO Layer One, designed for high-throughput, low-latency real-world data processing. This development positions XYO as a viable utility token with growing demand.
The Road Ahead
With its robust ecosystem, innovative technology, and strategic partnerships, XYO Network is poised for continued growth. The listing on Kraken, a top 20 exchange by spot trading volume on CoinMarketCap, is expected to increase XYO's liquidity and trading activity further.
References:
[1] XYO Network. (2022). XYO Network. Retrieved from https://xyo.network/
[2] Levin, M. (2022). XYO Network: A Decentralized Location Verification System. Retrieved from https://medium.com/xyo/xyo-network-a-decentralized-location-verification-system-87389c08f68d
[3] XYO Network. (2022). XYO Network's Layer-1 Blockchain and Dual-Token System. Retrieved from https://medium.com/xyo/xyo-networks-layer-1-blockchain-and-dual-token-system-34c6406d3ce
[4] XYO Network. (2022). XYO Network's Regulation A Offering and tZERO Listing. Retrieved from https://medium.com/xyo/xyo-networks-regulation-a-offering-and-tzero-listing-4568f4d6126d
[5] CoinMarketCap. (2025). XYO Price Data. Retrieved from https://coinmarketcap.com/currencies/xyo/historical-data/
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