CandleFocus

DePIN Network XYO Moves Its Token to Solana

XYO, a decentralized physical infrastructure network (DePIN), has migrated from Ethereum to Solana due to the latter's high throughput, low transaction fees, and scalability. This move allows for greater cross-chain access and flexibility for the XYO token. DePINs are blockchain protocols aimed at decentralizing real-world infrastructure and systems, and they are expected to become a significant use case in the Web3 space. Solana's attractive attributes such as low transaction fees have made it appealing to DePIN projects like Helium, io.net, and Render.

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