Onyxcoin in November 2026: A chain of its own, but a price far below earlier highs
Onyxcoin (XCN) is the token of the Onyx ecosystem. It started as an ERC-20 token on Ethereum and, since the launch of the Goliath mainnet at the end of March 2026, it is also the main token of that chain. On 12 November 2026 XCN trades at around $0.00342. CoinMarketCap lists a market capitalisation of around $138 million and rank 148. With the maximum supply fully issued, it would be around $236 million. Onyx can be placed alongside other fast layer-1 networks such as Monad and alongside lending protocols such as Aave, because the project started with a lending market.
What has changed in recent weeks
October opened at $0.004624 and closed at $0.003791. In November the price fell to a daily low of $0.003115 on 10 November. On 11 November XCN climbed intraday to $0.004287 and closed at $0.003633. Over 30 days it is down around 20.2 percent and over seven days around 5.0 percent. Over 90 days, by contrast, it is up around 13.1 percent.
Why this forecast is cautious
Since the closing price of the first trading day of the year, $0.004511, XCN has lost around 24 percent. The highest daily close of the year came on 7 January at $0.010225, and the price is around 67 percent below it. The highest price in CoinMarketCap's data, around $0.173 at the end of May 2022, is around 98 percent away. On top of that, the former Onyx lending market was attacked twice, in 2023 and 2024. Following our methodology, our scenarios start from the price at the beginning of the year, which is why the 2026 average sits close to today's price.
The crypto market right now
Total value and sentiment of the market from our own charts. While the page is open, the values refresh at the pace of their source.
What Onyx is and what XCN is used for
Onyx began as a lending protocol on Ethereum, built on Compound's code. XCN is an ERC-20 token and is used for governance in the Onyx ecosystem. According to industry media, Onyx launched the public mainnet of Goliath, its own layer-1 chain, at the end of March 2026. XCN is the main token there. Through the Onyx app, XCN can be bridged between Ethereum and Goliath, used for liquid staking and swapped for ETH or USDC. The project states that Goliath handles up to 100,000 transactions per second with instant finality through an aBFT mechanism. These figures have not been independently verified.
The attacks on the lending market
The former Onyx lending market was attacked twice. At the end of 2023 the protocol lost around $2.1 million. On 26 September 2024 a second attack caused damage of around $3.8 million, and according to PeckShield's analysis 7.35 million XCN were drained among other assets. Onyx then proposed closing the lending market on Ethereum and compensating lenders, and rebuilt its offering around Goliath and XCN staking. This history remains important for assessing the project.
Supply and circulating amount
CoinMarketCap counts around 40.4 billion XCN as circulating, around 53.4 billion as created so far and a maximum supply of around 68.9 billion. That leaves around 28.5 billion tokens between circulation and the maximum supply. We therefore use the fully diluted valuation of around $236 million as a second yardstick.
Where XCN trades
We measured the distribution of daily turnover ourselves, across the spot market trading pairs. We counted 54 spot pairs without notable outliers, with a combined volume of around $81.9 million over 24 hours. Seven centralised exchanges on our list each carry more than one million: Upbit with around $31.2 million, Gate with around $5.9 million, Bithumb with around $4.6 million, HTX with around $4.1 million, Coinbase with around $3.2 million, Biconomy with around $2.0 million and Kraken with around $1.2 million. The two Korean exchanges, Upbit and Bithumb, together account for around 44 percent of turnover. Around $26.1 million runs through venues outside our list.
