XDC Network

XDC Network, originally launched as XinFin, is a hybrid blockchain built for international trade and finance. It combines a public network with permissioned features intended to meet enterprise requirements, and its stated focus is trade finance, invoice settlement, and tokenized real-world assets rather than general consumer applications.

The chain supports smart contracts and is EVM compatible, with a stated throughput of around 2,000 transactions per second and roughly two-second block times. Its consensus mechanism is XDPoS, a delegated proof-of-stake variant in which validator nodes, called masternodes, are subject to know-your-customer verification. That verification requirement is the hybrid element: the network is open to use, but the entities securing it are identified.

Applications

The project is best known for trade finance use cases, including TradeFinex, a platform that lets small and medium businesses originate financing requests in a structured digital format and distribute them to bank and non-bank funders through a common standard. Trade finance is a large, document-heavy market with well-documented inefficiencies, which is why it has attracted repeated blockchain efforts.

XDC has also been used for tokenized invoices, bonds, and other real-world asset instruments, placing it in the RWA category alongside its Layer 1 classification.

Supply

XDC has no stated maximum supply figure in current data. Total supply sits at roughly 38.07 billion with about 19.95 billion circulating, meaning a large share is held outside the circulating float. Understanding what accounts for that difference, whether reserves, ecosystem allocations, or locked holdings, is worthwhile before drawing conclusions from supply figures alone.