RootData: Onyx token (XCN) has increased by 140.06% in the last 24 hours

ChainCatcher news, according to market data from RootData, the Onyx token (XCN) has increased by 140.06% in the last 24 hours, currently priced at $0.028.

According to the Web3 asset data platform RootData, the Onyx protocol is an algorithmic money market designed to provide users with secure and reliable credit and loans. Onyx enables investors to lend and/or borrow cryptocurrencies by over-collateralizing their cryptocurrencies on the platform. Onyx achieves this by utilizing the money market, which is an asset pool that determines interest rates algorithmically based on the supply and demand of each asset.