Onyx has stated that Onyx Mesh is now live on the Onyx Layer 1, built in collaboration with Chain to support next-generation regulated financial infrastructure, in a public update. Mechanically, this means the L1 is now hosting production infrastructure that regulated institutions can test or adopt for settlement, custody, or other services. If Onyx Mesh attracts real institutional usage, on-chain activity and demand for the underlying infrastructure could rise. Depending on how XCN is tied to gas, staking, or governance, stronger L1 utilization can translate into higher utility and potential fee capture for the token.
It's a new era for with Onyx Mesh now live, built on the Onyx Layer 1 in collaboration with for the next generation of regulated financial infrastructure.
Learn more about Onyx Mesh and explore the all-new website at