RootData Heat Index: Onyx's ranking surged by 711 places, with its Token XCN increasing by 104.62% in 24 hours

2025-01-24 10:00:00

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ChainCatcher news, according to the popularity index data from the Web3 asset data platform RootData, as of January 24 at 10:00, Onyx has surged 711 places in the Top 50 ranking of skyrocketing projects, with its Token XCN experiencing a 24-hour increase of 104.62%.

The Onyx protocol is an algorithmic money market designed to provide users with secure and reliable credit and loans. Onyx enables investors to lend and/or borrow cryptocurrencies by over-collateralizing their cryptocurrencies on the platform. Onyx achieves this by utilizing the money market, which is a pool of assets that determines interest rates algorithmically based on the supply and demand of each asset.

It is reported that RootData has launched the first "Web3 Popular Projects Ranking." This popularity ranking helps users capture the real pulse of attention through 4.3 million real user behavior data, improving the accuracy of user investment decisions. The ranking is calculated in real-time based on the weighted frequency of searches by platform users, project click rates, user votes, and the popularity and influence on platform X.

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