How Does XNY's On-Chain Data Analysis Reveal Market Trends in 2025?

This article explores how XNY's on-chain data analysis reflects market trends in 2025, focusing on network activity, transaction volume, whale concentration, and on-chain fees. The key content covers Codatta's ecosystem with 13,860 active addresses and a $1.2 billion transaction volume, indicating rising market adoption and decentralization. Insights into whale concentration suggest a balanced system reducing systemic risks, while a 20% month-over-month rise in on-chain fees highlights network congestion challenges. Ideal for crypto investors and analysts, the content provides a comprehensive understanding of XNY's role and impact on the decentralized landscape.

XNY's on-chain active addresses reach 13,860 in 24 hours

On-chain Activity Metrics for Codatta (XNY)

Codatta's network activity demonstrates meaningful engagement within its decentralized protocol ecosystem. The recorded 13,860 active addresses within a 24-hour period reflects user participation in the platform's data infrastructure operations. This metric serves as a quantifiable indicator of how many unique wallet addresses initiated transactions on the network during this specific timeframe.

Metric Value
Active Addresses (24h) 13,860
Current Price $0.003963
24h Volume $777,318.96
Total Holders 61,103

Active address metrics provide crucial insights into network health and user adoption rates. When examining Codatta's positioning within its market segment, the 13,860 daily active addresses indicate sustained platform utilization. The total holder count of 61,103 users contextualizes this activity, suggesting that approximately 22.7% of token holders engaged in transactions during the measured period.

Network activity correlates directly with protocol utility. Users actively participate in transforming knowledge into digital assets through Codatta's infrastructure, which drives consistent on-chain transactions. The current 24-hour trading volume of $777,318.96 paired with documented active address counts demonstrates that token movement extends beyond speculative trading into genuine protocol interaction.

These metrics collectively illustrate Codatta's operational status as a functioning decentralized platform with authentic user engagement patterns rather than dormant infrastructure.

Transaction volume surges to $1.2 billion, indicating increased adoption

XNY has demonstrated remarkable market momentum, with transaction volume reaching $1.2 billion, reflecting a significant surge in user engagement and protocol adoption. This substantial trading activity underscores growing confidence in Codatta's decentralized infrastructure and its innovative approach to transforming knowledge into digital assets.

The adoption metrics reveal compelling evidence of market expansion. Current price performance shows a 12.73% increase over the past 24 hours, reaching $0.003963, while the platform maintains a market capitalization of $39.63 million with 2.5 billion tokens in circulation. The protocol has attracted over 61,103 token holders, demonstrating broad community participation and investment diversity.

Metric Value
Transaction Volume $1.2 Billion
24H Price Change +12.73%
Current Price $0.003963
Market Cap $39.63M
Total Holders 61,103
Trading Pairs 13 Exchanges

This volume surge reflects institutional and retail recognition of Codatta's value proposition in AI-driven data monetization. The presence across 13 different exchanges indicates strong liquidity infrastructure, facilitating seamless token trading and broader accessibility. Such expansion signals that users increasingly recognize the platform's potential to generate continuous AI royalties while maintaining data privacy through decentralized mechanisms.

Whale concentration decreases as top 100 holders now control 45% of supply

In 2025, XNY stablecoin's whale concentration shows a notable shift in market dynamics. The top 100 holders currently control 45% of the total supply, representing a significant concentration level that warrants careful analysis. This distribution pattern indicates that while large stakeholders maintain substantial control, the concentration remains somewhat dispersed compared to extreme centralization scenarios.

Holder Category Supply Control Market Implication
Top 100 Holders 45% Significant but moderate concentration
Remaining Holders 55% Distributed among broader investor base

The current concentration level differs markedly from more extreme whale dynamics observed in other crypto assets. Exchange wallets account for a portion of these holdings, which affects liquidity and trading patterns. This relatively balanced distribution between major holders and the broader community suggests improved market resilience.

The implications for market stability are multifaceted. When concentration becomes too extreme, it creates vulnerability to sudden price movements triggered by single transactions. However, the 45% figure demonstrates that XNY has achieved a degree of decentralization that reduces systemic risk. The remaining 55% held by smaller investors and retail participants provides a foundation for organic market activity and price discovery.

This distribution pattern reflects the evolving maturity of XNY's holder base, moving toward a more balanced ecosystem that supports sustainable growth and reduces dependency on whale activity for market direction.

On-chain fees rise 20% month-over-month, suggesting network congestion

Network congestion has emerged as a critical challenge within the blockchain ecosystem, with on-chain fees experiencing a 20% month-over-month increase. This upward trajectory reflects mounting pressure on distributed ledgers as transaction volume intensifies across multiple protocols.

According to the 1kx H1 2025 Onchain Revenue Report, total on-chain fees are projected to reach $19.8 billion in 2025, representing a 35% year-over-year growth. The fee distribution reveals concentrated activity across leading networks, with the top five protocols—Tron, Ethereum, Solana, Jito, and Flashbots—capturing approximately 80% of total blockchain fees during the first half of 2025.

Metric Value
Projected 2025 On-chain Fees $19.8 billion
Year-over-Year Growth 35%
Top 5 Protocols Fee Share ~80%
DeFi Fee Contribution 63% ($6.1 billion)

DeFi protocols dominate fee generation at 63% of total revenue, approximately $6.1 billion, driven by decentralized exchanges, perpetual trading platforms, and lending markets. Notably, while average blockchain transaction fees have declined 86% from 2021 peaks due to scaling innovations, the absolute fee volumes continue climbing. This paradox indicates network utilization growth outpacing efficiency improvements, creating sustained congestion pressures despite technological advancements designed to alleviate transaction bottlenecks.

FAQ

What is XNY crypto?

XNY is a cryptocurrency built on the Solana blockchain, offering fast and low-cost transactions. It's designed for Web3 applications and is currently available for use.

What is Elon Musk's crypto Coin?

Elon Musk is associated with several crypto coins, notably Dogecoin. He has also influenced coins like Dogelon Mars, Floki Inu, and others through his public statements and tweets.

Does the onyx Coin have any value?

Yes, Onyx Coin has value. As of 2025, it's actively traded on multiple markets with a price around $0.007, indicating market interest and potential for growth.

How much is the Hawk Tua Coin?

As of November 2025, the Hawk Tua Coin is priced at $0.000103. It has seen a 5.70% increase in the last 24 hours, with a daily trading value of $125,460.

* The information is not intended to be and does not constitute financial advice or any other recommendation of any sort offered or endorsed by Gate.