Onyxcoin rockets 80% in 24 hours amid Goliath Mainnet launch
Decentralized finance (DeFi) protocol Onyx (XCN) has seen its token price surge over 80% in the past 24 hours following the launch of its new Goliath Mainnet. The upgrade marks a shift from Onyx’s existing Layer 3 rollup to a standalone Layer 1 blockchain, with promises of improved scalability, security, and performance. One of the more notable claims associated with Goliath is its potential to match, or even exceed the transaction speeds of traditional payment networks like Visa, which processes around 24,000 transactions per second (TPS). While the mainnet utilizes a Proof-of-Stake consensus mechanism that could, in theory, support significantly higher throughput, achieving that performance in a decentralized environment remains a considerable technical hurdle. At press time, XCN is trading at $0.022, with a 136% gain over the past seven days. The recent rally follows a volatile start to 2025, during which XCN surged more than 1,500% in just two weeks to a ...