XL1 Surges 1.325% as XYO Network Expands Ecosystem

XL1's latest price was $0.001044, up 1.325% in the last 24 hours. This increase in price has been accompanied by several significant developments in the cryptocurrency's ecosystem. Redotpay, a Hong Kong-based cryptocurrency payments startup, has achieved unicorn status following a successful $47 million funding round. The company provides services involving cryptocurrency payment solutions that interact with tokens including XL1. This funding round is a testament to the growing interest and investment in the cryptocurrency space, particularly in solutions that facilitate the use of digital assets like XL1.

XYO Network has introduced XL1 as a new token within its ecosystem, establishing a dual-token system alongside its existing XYO token. This move is part of XYO's broader strategy to enhance the utility and scalability of its blockchain infrastructure. XL1 is designed to complement and enhance the utility of XYO, positioning itself as a core component of XYO’s technological roadmap. The XYO Layer One blockchain platform, which is slated for launch in Q4 2025, aims to build scalable blockchain infrastructure focused on data verification. This dual-token system is expected to drive innovation and adoption within the XYO Network, with XL1 playing a crucial role in the ecosystem's growth and development.

Further integrating XL1 into its platform mechanics, XYO Layer One commenced its staking functionality on September 24, 2025. This staking mechanism offers participants rewards denominated in XL1 tokens. The introduction of staking rewards requires the temporary locking of XYO tokens within the system, impacting the circulating supply dynamics of the primary token while driving utilization of the new XL1 token for incentives. This staking functionality is a significant development for the XYO Network, as it encourages long-term holding and participation in the ecosystem, thereby enhancing the overall value and utility of XL1.

Major cryptocurrency exchange Kraken has confirmed the operational status of its XL1 token trading services. According to the platform's official system status page, XL1 trading and ERC-20 token transactions were fully functional during the specified timeframe. This confirmation from Kraken is a positive indicator of the growing acceptance and integration of XL1 within the broader cryptocurrency market. As one of the leading exchanges in the industry, Kraken's support for XL1 trading services provides a reliable and secure platform for users to engage with the token, further boosting its credibility and accessibility.