Today’s bullish run in XDC Network looks to be an original method for the community to mark the protocol’s fourth birthday. Early morning trading saw the price of the XDC coin surge as high as 25%; it is currently trading at $0.0377. In terms of decentralised finance (DeFi) advancements, XDC Network is relatively unknown while being a highly functional blockchain network.
As the protocol just announced a cooperation with SBI VC Trade Co. Ltd., a well-known Japanese cryptocurrency exchange under the SBI Group, it has entered a new era and created a new reality. Through the cooperation, XDC Network will make use of its reliable protocol, which can enable effective and reasonably priced trade financing transactions that will primarily benefit the Japanese market.
The SBI relationship will enable XDC Network to redefine its emphasis for the coming year with the goal of making it the preeminent provider of blockchain solutions for businesses and financial institutions.
The XDC Network has been experiencing positive emotion lately, which has carried over to the digital currency, which has increased as much as 28% as of this writing.
XDC Network’s steady evolution
The XDC Network has steadily developed since the rollout of its mainnet four years ago, putting an emphasis on protocol improvement and community involvement.
As previously reported by U.Today, the protocol introduced DAOFIN earlier this year in an effort to give the network a totally new decentralised structure. Along with DAOFIN, a number of other distinctive decentralised apps (dApps) have been introduced on the XDC Network, such as the non-fungible token (NFT) exchange XDCNFT.
With intentions to focus more on corporate engagements in the upcoming years, XDC Network has maintained a comparatively strong development activity despite perhaps not being as well-known as Ethereum and Solana.
