OnyxDAO Implements OIP-56

OIP-56 introduces preliminary polling for Onyx Improvement Proposals (OIPs), empowering $XCN holders to shape the future of this Layer 3 blockchain built on Ethereum, Base, and Arbitrum. The update aims to decentralize governance further, allowing token holders to vote on key proposals via onchain smart contracts. This move strengthens Onyx’s position as a backbone of Web3 infrastructure, focusing on scalability and user accessibility (onyx.org).

Recent News

Onyx has been busy! In the past three months, they’ve launched $sXCN liquid staking, enabling users to stake $XCN while using it in DeFi for extra yield—a game-changer for liquidity (Chainlink Blog). They also teased a gas-free wallet, set to drop soon, which will make transactions seamless for users globally. These developments align with Onyx’s mission to redefine payments and blockchain utility.

Future Plans

Looking ahead, Onyx is working on “Goliath” (details TBD) and expanding their Ambassador & Zealy Program to boost community engagement. Their roadmap also highlights deeper integrations with EVM-compatible apps, positioning $XCN as a go-to utility token for developers and consumers alike (Medium, Onyx Arches Roadmap 2023). Expect more innovation in travel payments and trading via Onyx Exchange!

Onchain Data

While specific $XCN staking metrics aren’t publicly available, Onyx’s Layer 3 XCN Ledger has seen growing adoption. Etherscan shows steady activity on the $XCN contract (0xA2cd3D43c775978A96BdBf12d733D5A1ED94fb18), with consistent transaction volume since early 2025, signaling user trust in the ecosystem.

Community Sentiment

X is buzzing with mixed reactions. Some users are bullish, predicting $XCN could hit $1 soon (@yusufduran__), while others are cautious, citing endless price dips (@BReed25765). The community is eager for clarity on rewards and burns (@amir32840267), reflecting a blend of optimism and impatience.

Risk Disclaimer

Governance updates can lead to volatility; ensure you DYOR before trading $XCN.