XDC Network Celebrates 6 Years of Mainnet Launch and 8 Years of Blockchain Adoption
XDC Network, a Layer 1 blockchain developed by XinFin in 2017, is marking its 6th year since the launch of its mainnet and 8 years of driving real-world blockchain adoption. Renowned for its enterprise-grade solutions in trade finance, payments, and asset tokenization, the network has solidified its position as a resilient and enterprise-integrated protocol in the ever-evolving blockchain landscape.
Since its inception on June 1, 2019, the XDC Network has processed over 801 million transactions, generated 89 million blocks, operates with 261 validator nodes, and executed 178,000 smart contracts, showcasing its active developer community and impressive uptime. With a strong emphasis on scalability, security, and interoperability, XDC continues to empower decentralized finance, DePIN infrastructure, and tokenized trade ecosystems.
Advancing Protocol Upgrades and Developer Tooling
In September 2024, the network introduced its XDC 2.0 upgrade, enhancing protocol security and operational efficiency. Key enhancements include support for Solidity 0.8.23, LayerZero integration for cross-chain OFT token transfers, and account abstraction through Etherspot, enabling seamless gasless interactions with decentralized applications.
The launch of XDCScan.io V2, powered by OpenScan, and the integration of Etherscan’s blockchain explorer have further increased transparency, offering real-time analytics and smart contract insights to the public. Additionally, the introduction of XDC Subnet provides a private blockchain solution for creating secure, scalable, and decentralized networks within the XDC ecosystem.
Token Utility and Liquid Staking Growth
XDC.Cash enables real-world utility of cryptocurrencies for payroll, merchant transactions, and remittances, positioning the XDC Network as a robust foundation for international treasury operations and compliant cross-border settlements. The network’s native token, XDC, has seen increased utility through PrimeStaking’s liquid staking protocol, with over $5.9 million TVL locked and more than 87 million XDC tokens staked, allowing participants to earn rewards while participating in DeFi activities.
Institutional-Grade Integrations and Government Partnerships
Backed by a strong regulatory focus, XDC has formed partnerships with major institutions such as SBI Japan, Deutsche Telekom MMS, Securitize, Archax, Mercado Bitcoin, and SERPRO Brazil. The network’s integration with R3 Corda and collaborations with organizations like RAK DAO and Zanzibar’s National Blockchain Sandbox underscore its commitment to national-level infrastructure projects and compliance.
XDC Network’s alignment with the ISO 20022 financial messaging standard, in collaboration with Bitso Business, has facilitated near-instant, low-cost remittances across the U.S.-Mexico corridor, leveraging its ISO 20022-compliant infrastructure for USD-to-MXN settlements in a $70B+ annual market.
XDC in RWA and TradeFi Leadership
With a focus on real-world applications, XDC has been at the forefront of tokenized trade finance, pioneering initiatives like TradeFi.Network and XDC Trade Network to provide MSMEs with on-chain access to essential tools for trade finance, addressing the global $15 trillion trade finance gap. Notable achievements include tokenization of U.S. Treasury markets, tokenized funds for major financial institutions, and on-chain fund issuance for various financial products.
Startup Acceleration and Ecosystem Growth
As part of its commitment to fostering innovation, XDC has launched an accelerator program in collaboration with key partners like Foundership, Plug and Play, Tenity, RAK DAO, Brinc, providing selected startups with seed funding, legal support, and global exposure through events like GITEX, TOKEN2049, and Consensus. These initiatives span across tokenization, payments, DeFi, and ESG, bolstering the network’s presence in the Web3 ecosystem.
As blockchain technology transitions from theoretical concepts to practical applications, the XDC Network is solidifying its position as the infrastructure backbone for trade, payments, and RWA tokenization, offering enterprise-grade scalability, top-tier security, compliance, and speed.