Crypto.com Lists Layer 3 Gaming Project Xai Following XAI Token’s +35% Weekly Price Surge

 Key takeaways:

• Crypto.com has listed the XAI token on its platform, bringing more liquidity, trading volume, and visibility to the token.
• XAI is the native token of the Xai Network, a layer 3 blockchain optimized for gaming that aims to onboard millions of gamers to web3
• The XAI token has seen significant price growth recently, surging 35% to hit a new all-time high on Monday
• This listing comes after other major exchanges like Binance and KuCoin also added support for XAI ahead of its mainnet launch

Crypto.com has announced today that it has listed Xai’s native token on its platform. 

Xai ($XAI) is now listed in the https://t.co/A7lhUEyoao Exchange!

Trade XAI with USD. Deposits and withdrawals enabled.

Trade Now ? https://t.co/GBTPzwV3F0 pic.twitter.com/I6mFOKfTRE

— Crypto.com Institutional (@Cryptocom_Insto) January 15, 2024

The listing comes on the heels of a successful week for the XAI token, which surged over 35% in price and reached a new all-time high of $0.12 on January 15th.

The XAI Network (XAI)

Xai is building a dedicated layer 3 blockchain tailored for gaming by leveraging Arbitrum technology. As the first layer 3 project in the Arbitrum ecosystem, Xai aims to provide a fast, low-cost blockchain that can support the unique needs of video games and enable seamless in-game asset trading. 

The network is capable of handling up to 10,000 transactions per second with near-instant finality. By optimizing the blockchain architecture specifically for gaming, Xai plans to onboard millions of traditional gamers to web3 games where they can truly own and trade their in-game items.

XAI serves as the gas token on the Xai blockchain and facilitates all transactions and operations. XAI holders can also stake their tokens to generate esXAI, which unlocks additional utility and rewards on the network, including yield, governance rights, and community perks.

Moreover, the blockchain is on track for a mainnet launch in Q2 2024, according to the Xai team, and has already partnered with major gaming companies such as Ubisoft, Steam, and Epic Games ahead of the mainnet rollout.

Recent Partnerships and Listings

The recent price surge and exchange listings reflect the excitement building around Xai as it gears up for the mainnet launch. Crypto.com is the latest top exchange to add support for XAI, joining Binance, KuCoin, CoinEx, and others. 

On January 3rd, Binance announced Xai as the 43rd project on Binance Launchpool, which allowed users to farm XAI tokens. This marked Xai’s first integration with a major exchange. Binance also added XAI spot trading pairs and USDT-margined XAI contracts on Binance Futures.

Meanwhile, KuCoin offered exclusive pre-listing access to XAI through its KuCoin Pre-Market launch from December 22, 2023 to January 4, 2024. KuCoin was the first exchange to debut XAI trading pairs and leveraged XAI contracts on KuCoin Futures shortly after.

Xai and Crypto.com

The Xai project seems to align closely with Crypto.com’s goal of accelerating the global transition to cryptocurrency. According to the exchange, it now supports over 250 cryptocurrencies and has over 80 million users worldwide.

Furthermore, XAI will be joining Crypto.com’s expansive ecosystem of products and services, including trading, lending, staking rewards, prepaid cards, and DeFi apps. This gives XAI broad exposure and utility amongst Crypto.com’s large user base.

Crypto.com’s move also comes amidst surging interest and adoption in web3 gaming. According to DappRadar, web3 games generated about $1.2 billion in revenues in 2023, more than double the $500 million in 2022.

The bottom line

Xai is well positioned to capitalize on this explosive growth with its layer 3 architecture that prioritizes scalability, ease of use, and interoperability. By abstracting away blockchain complexity, Xai hopes to smoothly onboard hundreds of millions of gamers into web3 experiences.

Moreover, the XAI token has seen a sharp rebound since its airdrop announcement, showcasing its strong potential. It is safe to believe XAI might see further price discovery now that it has been listed on a top global exchange like Crypto.com.

As more users gain access to XAI, we can expect greater liquidity, trading volumes, and visibility for this promising new gaming-focused blockchain.