Wrapped XDC
WXDC
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
WXDC (Wrapped XDC) is a 1:1 XRC-20 wrapper created by the XSwap Protocol team to provide DeFi composability for native XDC on the XDC Network. Across all evaluation categories, WXDC functions strictly as a utility wrapper rather than an independent project: it lacks dedicated developer activity, independent governance, community channels, and a standalone value proposition. Key concerns center on transparency and smart contract security: neither the WXDC wrapper contract (compiled with an older Solidity v0.6.6 compiler) nor the underlying XDC Network possesses a completed third-party security audit, and custody/minting authorities remain undocumented. Furthermore, the asset exhibits thin DEX-only liquidity and has experienced a ~77% drawdown from its all-time high in tandem with native XDC. On the positive side, no exploits, hacks, depegs, or regulatory enforcement actions were identified. With no qualifying red-flag events requiring an overarching cap, the final score reflects the exact weighted average across all six fully evaluated sections.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Wrapped XDC (WXDC)
Wrapped XDC (WXDC) is an XRC-20 wrapped token deployed on the XDC Network, created by the XSwap Protocol team. It functions as a 1:1 derivative representation of the network's native XDC coin, designed to facilitate compatibility with smart contracts and decentralized finance protocols across the XDC ecosystem. The token utilizes a demand-elastic supply model pegged directly to native XDC deposits, operating without independent tokenomics, staking mechanisms, or native issuance schedules.
As a utility wrapper, WXDC functions as a static smart contract rather than an independent network or governance project. It does not possess a standalone decentralized autonomous organization, formal on-chain governance mechanisms, or dedicated community communication channels, instead relying on the general XDC Network and XSwap Protocol ecosystems. Market liquidity remains limited and confined entirely to decentralized exchanges, including XSwap Protocol V3, Oku Trade, and Fathom DEX.
WXDC has experienced a significant price decline of approximately 77% from its all-time high of $0.1291, mirroring the broader market performance of the underlying XDC asset. Although no security breaches, protocol exploits, or depeg incidents have been identified, the smart contract lacks a completed third-party security audit and was deployed using an older Solidity compiler (v0.6.6). Additionally, the underlying XDC Network's cryptographic audit is documented as in-progress rather than complete, and the wrapper relies on undocumented custody and minting authorities alongside inconsistent supply reporting across market aggregators.