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    XYO network shifts to Solana from Ethereum, enhancing scalability and cost efficiency

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    Blockchain network XYO has transitioned to the Solana platform from Ethereum due to Solana’s capacity for high transaction volumes, cost efficiency and scalability. The XYO token will now operate on both platforms providing more flexibility to users. According to XYO’s co-founder Markus Levin, the move benefits users who hold Solana-based tokens as well, including trading for XYO tokens and utilizing XYO’s data ecosystem. The move is part of a broader plan for XYO to be accessible on multiple blockchain platforms. Currently, XYO operates over 8 million nodes across 150 countries enabling decentralized real-world infrastructure.

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    XYO, a network that uses blockchain technology to support physical infrastructure, has made a move over to the Solana platform from Ethereum. They chose Solana because it can handle lots of transactions, keeps costs low, and is adaptable to large scale operations, according to their blog post on October 31st.

    The XYO token can now be used freely on both Solana and Ethereum platforms, which gives users more options. On Solana’s native trading platforms, Jupiter and Raydium, XYO tokens can now be exchanged with tokens like Solana (SOL) and USD Coin (USDC).

    Markus Levin, the co-founder of XYO, says moving over to Solana benefits anyone who is holding a Solana-based token or memecoin. They can now easily trade these for XYO tokens, and also benefit from XYO’s infrastructure data ecosystem. This move is part of the broader plan to make XYO accessible on multiple blockchain platforms.

    XYO is a network designed to provide real-world location data for various projects on the internet. They operate more than 8 million nodes across 150 countries and are part of a new kind of blockchain protocol that decentralizes real-world infrastructure, such as communication networks, data storage facilities, and energy markets.

    According to investing firm MV Global, this new type of blockchain protocol could be a big deal in the future, bringing more new users into the cryptocurrency world. Reportedly, there are already over 1,000 projects like XYO, with a combined value surpassing $50 billion.

    Solana’s popularity comes from their extremely low transaction fees, making it an attractive option for data-intensive projects like XYO. Johannes Fuchs, an analyst at MV Capital, cites Solana’s efficient processing design and low-cost architecture as key features. Solana’s upcoming ‘Firedancer’ upgrade is also expected to further increase its popularity.

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