XDC Network
XDC
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
XDC (XDC Network) is an established enterprise-oriented Layer 1 blockchain focused on trade finance and real-world asset (RWA) tokenization, operating on mainnet since 2019. The project demonstrates solid fundamentals with active development updates, EVM compatibility, and meaningful institutional traction, including over $1.1 billion in reported tokenized assets. The public founding team is experienced, with institutional validator participation and a clean security record showing no past exploits, hacks, or regulatory enforcement actions. However, some risks remain: governance is relatively centralized around the foundation, community engagement metrics are sparsely documented in retrieved sources, tokenomics feature a ~40% insider/team allocation alongside high validator staking thresholds (10M XDC across 108 masternodes), and secondary market liquidity is comparatively modest relative to its ~$530M-$600M market cap. A Feb 2025 CertiK audit of the XDPoSChain resolved 7 of 8 critical issues with 1 acknowledged. No qualifying red-flag events were identified.
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 XDC Network (XDC)
XDC Network (XDC) is an enterprise-oriented, EVM-compatible Layer 1 blockchain designed for trade finance and real-world asset (RWA) tokenization. Operating as a hybrid permissioned and permissionless network, it utilizes the XinFin Delegated Proof of Stake (XDPoS) consensus mechanism. The mainnet went live on June 1, 2019, developed by a Singapore-based team led by co-founders Atul Khekade and Ritesh Kakkad. Institutional participants, including validators such as Animoca Brands, maintain nodes on the network, and the platform has integrated enterprise initiatives including TradeTrust electronic bills of lading.
The native token, XDC, functions as network gas for transaction execution and as collateral for validator staking. The network has a maximum token supply of approximately 38 billion XDC, with roughly 18.5 billion tokens circulating and the remainder locked or vested. XDC Network targets the digitisation of paper-heavy trade documentation, and reported figures indicate the network has hosted over $1.1 billion in tokenized real-world assets.
The project faces structural risks related to token distribution and governance centralization. Approximately 40% of the total token allocation is designated for insiders, including founders, core team members, and advisors. In addition, validator participation is limited to 108 masternodes, each requiring a threshold of 10 million XDC to operate, while network decision-making remains foundation-centric rather than fully decentralized. A February 2025 CertiK security audit of the XDPoSChain codebase identified 57 total findings, including eight critical issues; seven of the critical issues were resolved while one remained acknowledged.