Xyo said in a post on October 31: “The Decentral Physical Infrastructure Network (DePin) has been blocked from Ethereum to Solana, referring to the Layer-1 Blockchain” product, high productivity costs, and expansion. ”
“The Xyo icon is now already available on both Solana and Ethereum, allowing more access to flexibility across the chain and flexibility,” According to To the post.
Depin’s original Xyo Token has become a trading against symbols, including Solana (Teller(And the United States currency (USDCIn Solana’s decentralized exchanges of Jupiter and Redium, the Post said.
Xyo brought to Solana [decentralized finance] The ecosystem, on platforms such as Jupiter and Redium, allows anyone who carries a symbol or a Solana -based code […] “For XYO smoothly trading and access to the DePin data system,” said Marcus Levin, co -founder of XYO, on November 1.
Levin added that his launch on Solana is part of a broader goal is to make Xyo available via multiple Blockchain networks.
Source: xio
Xyo is DePin designed to check the site and other real world data for Web2 and Web3 projects.
It runs more than 8 million contracts in 150 countries, according to XYO.
DePins are Blockchain protocols that aim to decentralize infrastructure and systems in the real world, including telecommunications, data warehouses, energy and more.
They will be “the next large use” of WEB3, with the possibility of “a large number of new users to the encryption space,” according to September 5. a report By MV Global, Web3 Investment Company.
According to MV Global, the ecological system currently includes more than 1,000 projects and represents more than $ 50 billion of the total market value.
source: MV global
Xyo said that Solana medium fees for each transaction-000064 dollar-make the Layer-1 network attractive for DePin projects, including helium, IO.NET and Render.
Johannes Fox, an analyst at MV Capital, told CointeleGraph that Solana’s strength lies in the “parallel treatment and low fees”.
“We expect the upcoming Fredancer upgraded to increase its attractiveness as the best option for the upcoming DePin projects,” said Fox.
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