Originally published on: November 01, 2024
XYO, a decentralized physical infrastructure network (DePIN), has made a significant move by launching on the Solana blockchain. This transition was fueled by Solana’s impressive features such as high throughput, low transaction costs, and scalability, as highlighted in a recent blog post by XYO on October 31.
With the XYO token now natively available on both Solana and Ethereum, users can enjoy broader cross-chain access and flexibility. The DePIN’s native XYO token is now tradable against popular tokens like Solana (SOL) and USD Coin (USDC) on Solana-native decentralized exchanges (DEXs) Jupiter and Raydium.
Markus Levin, co-founder of XYO, expressed excitement about integrating XYO into the Solana decentralized finance ecosystem, emphasizing that it opens up seamless trading opportunities for anyone holding Solana-based tokens or memecoins.
By expanding to Solana, XYO aims to make its DePIN data ecosystem accessible across multiple blockchain networks, aligning with their broader goal of creating a more interconnected decentralized infrastructure.
XYO is a pioneering DePIN designed to validate location and real-world data for both Web2 and Web3 projects. Operating over 8 million nodes across 150 countries, XYO is at the forefront of decentralizing real-world infrastructure and systems, marking an important milestone in the evolution of Web3 technology.
The growing interest in DePINs is evident, with reports suggesting that they could be the next big use case for Web3, attracting a significant number of new users to the crypto space. Solana’s attractive features, including low transaction fees and parallel processing architecture, position it as a top choice for upcoming DePIN projects like XYO, Helium, io.net, and Render.
As the crypto landscape continues to evolve, the integration of XYO into Solana showcases the ongoing innovation and collaboration within the blockchain ecosystem. Stay tuned for more updates on the latest developments in DePIN technology and the expanding opportunities in the decentralized finance space.
