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XDC Network (XDC)

History, technology and key data — no opinions, no advice

Price of XDC Network today in real time

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Historical price evolution of XDC Network

Daily historical data. Updated automatically.

Origin and evolution

XDC Network has its origins in 2017, when Ritesh Kakkad and Atul Khekade founded XinFin Fintech in Singapore with the objective of modernising international trade finance through blockchain technology. In March 2018, XinFin's ICO managed to raise 15 million dollars for the project's development.

On 1st June 2019, the XDC Network mainnet was launched, establishing an initial architecture with 108 masternodes that required 10 million XDC in staking. The network demonstrated outstanding technical capabilities from its beginnings, with transaction finality in approximately 2 seconds and fees close to zero. The XDC token reached its all-time high of 0.192754 dollars on 21st August 2021.

During 2021, several important institutional milestones were established: XinFin donated the resources to create the XDC Foundation, Tradeteq carried out the world's first trade finance NFT issuance on XDC Network, and 21Shares launched the XDC ETP (XDCN) on Euronext Paris and Amsterdam with full physical backing. In 2022, XDC Network became the first and only blockchain invited to the Trade Finance Distribution Initiative (TFDi), a consortium of the world's leading banks to reduce the 5 trillion dollar trade finance gap.

The year 2023 marked significant advances in traditional asset tokenisation: Tradeteq and Securitize launched USTY, the first regulated US Treasury Bond token on XDC Network, whilst XDC joined the ITFA's Digital Negotiable Instruments (DNI) initiative. In 2024, Deutsche Telekom joined XDC Network as an infrastructure provider in its commitment to real world assets (RWA), and during the fourth quarter the XDC 2.0 update was implemented with the HotStuff BFT consensus mechanism, developed by the team of Professor Pramod Viswanath from Princeton University, which includes three-block finality and automatic validator penalties, after completing a CertiK audit.

In April 2025, XDC Network established a strategic partnership with Liqi Digital Assets of Brazil for real world asset tokenisation, reaching 100 million dollars in tokenised RWAs with a target of 500 million for 2026. Upon completing six years of mainnet on 1st June 2025, the network had exceeded 801 million transactions, 89 million blocks, 261 validator nodes and 178,000 smart contracts. During 2025, Circle announced native support for USDC and CCTP V2 on XDC Network, Kraken and Binance.US listed XDC, and the network joined the MiCA Crypto Alliance.

In January 2026, the Cancun hard fork (v2.6.8) was implemented, which aligned XDC with the latest Ethereum technology by incorporating the EIP-1559 fee burning mechanism, at which point the network exceeded 1,200 million total on-chain transactions. In April 2026, XDC Network established a partnership with AUDDapt to modernise small and medium enterprise payments in Australia through XDC's blockchain infrastructure.

How it works

XDC Network functions as a layer 1 blockchain with hybrid architecture that combines an open public network with private subnets, allowing organisations to maintain sensitive data in controlled environments whilst preserving the traceability of a public blockchain. The network is based on a fork of Quorum, which in turn derives from Ethereum, ensuring compatibility with the Ethereum Virtual Machine (EVM) and enabling the deployment of Ethereum smart contracts with minimal modifications. Its XDPoS (XinFin Delegated Proof of Stake) consensus mechanism has evolved towards XDC 2.0, incorporating theoretical maximum Byzantine tolerance through the HotStuff BFT protocol, where validators operate as masternodes that require depositing 10 million XDC tokens and completing a know your customer (KYC) verification process.

This permissioned validator system allows the network to process up to 2,000 transactions per second with finality in approximately 2 seconds and practically zero fees. Native compatibility with the ISO 20022 financial messaging standard facilitates direct integration with traditional banking systems without the need to replace existing infrastructures. The XDC token fulfils multiple functions within the ecosystem: it serves as a means of payment for transaction fees, enables the deployment of smart contracts and allows participation in network governance through staking in masternodes or standby nodes.

Key data
Supply / Emission
37,500,000,000
Symbol
XDC
Type
Capa 1 nativa
Blockchain
XDC Network (nativa)
Launch
2019-05
Creator
Atul Khekade, Ritesh Kakkad
Status
Activa

Data verified against external sources. Some values may have changed since the last update.

→ See analysis and reports for XDC Network
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