There’s been an uptick in users and institutions that are engaging with $XDC Network [$XDC]. That, coupled with general market conditions, has given $XDC price a good boost.
$XDC network monthly transactions at an $ATH
Activity on $XDC Network has reached a new peak. Monthly transaction count has climbed to an all-time high of 27.7 million. That’s a mammoth 50% increase over the past six months!
Monthly transactions were at 5 million around early 2020, and grew through 2021 and 2022. Activity picked up further after 2024, with frequent shows above 20 million.
Institutional names are lining up at the door
Clear Street has joined $XDC Network as a masternode validator. They’ll take part in block validation, ledger maintenance and network governance.
Running a masternode requires operators to stake at least 10 million $XDC. About the move, Clear Street Digital CEO Robert Rutherford said,
Compliant public blockchains are becoming part of the capital markets stack, and the firms that build market infrastructure should help operate that layer.
Clear Street is the latest in a series of big names to join $XDC Network. Since April, Animoca Brands, Clearpool, SettleMint and CertiK have also come on board as validators.
$XDC price pushes up higher
At the time of writing, $XDC was trading at around $0.0294. That’s a 2.38% increase for the day, and it follows big moves over the previous few sessions.
RSI was at 69.84, putting it in a firmly overbought setup. Meanwhile, the MACD was positive, with the recent histogram bars expanding with the price increase.
As it stands, there’s clear bullish momentum… at least for the immediate short-term. However, with RSI at about 70, a pullback or a consolidation is likely when things calm down.
Final Summary
- $XDC Network monthly transactions hit an $ATH of 27.7 million, up 50% in six months.
- Clear Street has joined the network as a validator, among other big names.
