The most striking detail is the token's impressive price tag and recent gains. As of the data shown, XNY is trading at $0.016583, a figure that represents an astounding +134.45% increase. This meteoric rise in a single day is a powerful indicator of strong market interest and positive sentiment surrounding the project. Such a surge could be attributed to a number of factors, including a major development announcement, new partnerships, or simply a growing community of supporters.
Market Cap: The token's market capitalization stands at $41.46M. This figure, while still relatively modest compared to crypto giants, suggests that XNY has a solid and growing presence in the market. It's a key indicator of the total value of all XNY tokens in circulation.
Total Value Locked (TVL): The snapshot mentions a TVL of $165.83M, which likely refers to the total value of assets locked within the Codatta ecosystem, possibly in staking or other DeFi protocols. This massive TVL relative to its market cap suggests that a significant portion of its value is actively participating in its ecosystem, which is a strong bullish signal.
Liquidity: With a liquidity of $2.27M, the token shows a healthy level of trading activity. High liquidity is crucial for investors as it ensures that they can buy or sell large amounts of XNY without significantly affecting its price, making it a more stable and attractive asset.
