Onyx Protocol launches XCN-powered Layer 1 Goliath

The Onyx protocol launched a layer 1 blockchain, powered by the XCN token, to stimulate the adoption of the institutional blockchain for the treatment of transactions.

Onyx protocol (Xcn) Just spear The Onyx Goliath project, a layer 1 blockchain network built for banks, suppliers of financial systems and financial institutions. The main objective of the Goliath project is to provide a blockchain solution that meets strict financial sector requirements while offering almost instant transaction speeds to institutions that wish to use blockchain for payments.

More specifically, Goliath Layer 1 aims to reach transaction speeds comparable to traditional networks such as Visa. To put it in perspective, Visa treats approximately 24,000 transactions per second. Onyx Goliath will use a evidence consensual mechanism.

The project will follow a structured development calendar, the first milestone being the release of its white paper, scheduled for T2 this year. In Q3, a testnet will be deployed to assess performance, security and compatibility with financial systems. In the first quarter of 2026, the Mainnet will be launched, allowing financial institutions to carry out real -time transactions. In T2 2026, Onyx will launch a network of banking connectivity mesh to facilitate secure interbank transactions and improve financial operations based on blockchain.

In addition, Onyx is launching a point program to encourage the adoption and liquidity of the network in the big book of layer 3. Users transferring assets like WETH, USDT, CBTC and USDC from the basic blockchain to Onyx will receive rewards. A 10x bonus will apply to assets held within Onyx, which encourages liquidity suppliers and institutional investors. The point portal will soon be introduced.

It is important to note that XCN, the native token of the blockchain, will remain on Ethereum and will be reduced to the new network like the other assets of the blockchain.

Despite the sharp increase in prices after the launch of Goliath, XCN is down 18% in the last 24 hours, in accordance with the wider slowdown in the crypto market with Bitcoin (BTC) and Ethereum (Ethn) Down 9% and 11%, respectively.

There was a net rally at the end of January, the XCN price exceeding the EMA of 7 days and reaching the peak of $ 0.050. However, the rally was short -lived, followed by a constant drop throughout February. The 7 -day EMA has since acted as a level of dynamic resistance, preventing any significant recovery. The most recent support is about $ 0.014, marked by the lowest wick of the current table. Currently, the XCN price oscillates just at this level of support, trading at $ 0.015 at the time of the editorial staff. The price is down on daily, weekly and monthly deadlines, without significant purchase pressure to indicate a reversal.

Before Goliath Layer 1Onyx recently expanded its ecosystem with innovations such as the Ledger XCNA layer 3 blockchain built for financial quality applications, and Onyx walletA non -gastronomic and gas portfolio.