Onyxcoin Surges 1550% in January, Market Cap Tops $1.2 Billion

The digital assets industry has seen significant developments in early 2025, with the US welcoming its first pro-crypto government and AI cryptocurrencies experiencing market fluctuations. Among these developments, Onyxcoin (XCN) has garnered attention with its explosive surges in January 2025.

XCN has gained over 1,550% over the past month, and its bullish outlook suggests more gains ahead. The remarkable rise has pushed Onyxcoin's market capitalization past $1.2 billion, with prices reaching levels not seen since mid-2022. Coinbase accounts for around 37% of XCN's total volume.

Onyxcoin's impressive surge coincides with a mixed performance from top cryptocurrencies by market cap. While Bitcoin and Cardano gained around 13% on their monthly charts, Ethereum and BNB lost up to 5% in the same timeframe. This difference in performance has sparked speculation about the factors driving XCN's momentum.

Onyxcoin is a blockchain infrastructure that enables web3 developers to build lucrative financial services. The platform encourages decentralized finance (DeFi) by offering tools for creating smart contracts and dApps. Its main product, Onyx Core, allows institutions and developers to launch and manage blockchain networks or connect to other networks, transforming global asset movements.

Several crucial developments have contributed to XCN's remarkable performance over the past month. The Onyx team announced plans to launch a new blockchain, Onyx XCN Ledger, which they have developed in stealth mode. The upgrade is scheduled for release in early February, with no plan changes as of the latest X post.