XYO Network, a leading player in Decentralized Physical Infrastructure Networks (DePIN) projects, announced today the listing of its cryptocurrency on the Kraken exchange, further strengthening its presence across top global trading platforms, including Coinbase, KuCoin, MEXC, Bithumb, and Gate.io.
Kraken ranks among the world’s top 20 exchanges by spot trading volume, and this listing is expected to enhance XYO’s liquidity and stimulate trading activity. Investors are closely watching the market, anticipating a possible repeat of April’s scenario, when XYO’s price surged by 50% following its listing on Bithumb.
Founded in 2018, XYO operates more than 10 million nodes worldwide, leveraging Proof of Location and Proof of Origin technologies to collect and verify real-world data. This technology positions XYO as a key player in asset tracking, DePIN solutions, and interactive gaming.
The move comes shortly after Kraken reported revenues of $8.8 million in 2024. XYO’s co-founder, Markus Levin, emphasized that this step reflects a growing focus on projects with strong and sustainable revenue models.
Recently, XYO launched its Layer One blockchain, designed to process real-world data at high speed. The network employs a dual-token model that separates governance from operational utility: the XYO token is used for governance and data storage, while the newly introduced XL1 token is dedicated to transactions, smart contracts, and network rewards.
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