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View ChartXELIS (XEL) is a Layer-1 blockchain built on BlockDAG technology, positioned as the world's first BlockDAG combining privacy, speed, scalability, and smart contracts. The network is designed to let users send and receive transactions without relying on a central authority, with security and privacy as core design goals. XELIS uses Proof of Work consensus and is mineable, meaning participants can generate XEL by contributing computational power. The project was initiated in 2021 by a decentralized group of developers and officially launched in 2024. Its maximum supply is capped at 18.4 million XEL, a fixed limit intended to emphasize scarcity. At present, XELIS is an early-stage network with a modest market capitalization and a small number of active trading markets, but it has already shipped a whitepaper, a virtual machine, and a dedicated smart contract language.
XELIS was initiated in 2021 by a decentralized team of developers who set out to build a cryptocurrency that was more secure, private, and scalable than existing options. The project is structured as a partnership and, according to LinkedIn, operates with a company size of 2 to 10 employees. One named individual associated with the project on LinkedIn is Drey Warde, listed as an employee at XELIS and described as Co-Founder at AIVA in the software sector. Beyond this, the team has maintained a relatively low public profile, and detailed public information about individual contributors is limited. The decentralized framing of the project suggests that development is not controlled by a single centralized entity.
XELIS is built on a BlockDAG structure rather than a traditional linear chain of blocks. This architecture is designed for high throughput and low-latency transaction processing, so users experience minimal wait times even as network activity grows. Consensus is achieved through Proof of Work, which secures the network and distributes issuance to miners. Privacy is enforced through a combination of homomorphic encryption and zero-knowledge proofs, allowing transaction details to remain confidential while still being verifiable. Programmability comes from the XELIS Virtual Machine (XVM), which executes smart contracts written in Silex, a statically typed language developed specifically for the network with an emphasis on ease of use, performance, and security. The core implementation is written in Rust and uses the Tokio async runtime, choices aimed at speed, efficiency, and safety. A new hashing algorithm was also implemented as part of the network's design.
XELIS combines several features that are rarely found together in a single Layer-1 network: BlockDAG scalability, Proof of Work security, strong privacy primitives, and full smart contract support. Many privacy-focused chains lack programmable smart contracts, while many smart contract platforms offer limited privacy. XELIS aims to deliver both, alongside fast transaction finality and a fixed maximum supply of 18.4 million XEL that creates a transparent scarcity model. The decision to build a dedicated virtual machine and a purpose-built smart contract language from scratch, rather than forking an existing stack, reflects a focus on long-term performance and security. For users who value confidential transactions and decentralized applications on the same network, this combination is the project's core value proposition.
XEL is the native coin of the XELIS network. It is used to pay transaction fees, reward miners who secure the chain through Proof of Work, and power activity within the smart contract environment. Because XELIS supports confidential assets, users can launch their own tokens or decentralized applications on the network, with XEL serving as the underlying unit of value and settlement. The privacy features make XEL suitable for transfers where confidentiality is a priority, while the smart contract layer opens the door to DeFi applications and other programmable use cases. As a mineable coin with a fixed supply, XEL also functions as a long-term incentive for network participants who contribute hash power.
Development began in 2021, and the network launched in 2024. A significant milestone came on October 28, 2024, with the publication of "Announcing the XELIS Whitepaper," which laid out the project's technical direction. The ecosystem includes a whitepaper repository maintained in LaTeX, public documentation covering FAQs and tokenomics, a block explorer, and a dedicated community site. XELIS has attracted attention from independent media, including YouTube coverage comparing it to other emerging proof-of-work networks and explaining how to GPU mine it. The project is listed across numerous data aggregators and tracking platforms, and it trades on a small set of active markets. With a modest market capitalization and an early-stage community, XELIS remains in a development and adoption phase rather than a mature growth stage.
XELIS uses Proof of Work consensus and is explicitly mineable, so users can generate XEL by contributing computational power to the network. Mining is permissionless: participants do not need approval to join, and rewards are distributed according to the network's consensus rules. Because XELIS implements a new hashing algorithm, miners should use software and hardware configurations that specifically support XELIS rather than assuming compatibility with other PoW chains. Community content has focused on GPU mining setups, indicating that graphics cards are a practical route for individual participants. As with any PoW network, profitability depends on hash rate, hardware efficiency, electricity costs, and the current network difficulty. Miners should verify pool and solo mining options through official documentation and community resources before investing in hardware.
Securing XEL involves the same fundamentals that apply to any cryptocurrency, with extra care given the privacy-focused nature of the network. Use a wallet you control rather than leaving balances on a trading platform, and store private keys or seed phrases offline in a secure location that is never shared digitally. Because XELIS transactions are designed to be private, losing access to your keys may make recovery impossible, so back up credentials carefully and test your backup process before holding significant amounts. Be cautious of phishing sites and fake wallet applications that impersonate official resources; always verify that you are using the official website listed above. For larger holdings, consider hardware-based key storage and keep separate wallets for everyday use and long-term savings. Finally, keep your wallet software updated so that you benefit from the latest security fixes.
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Thank you for your interest in BTCC. Currently, spot and futures trading services for XEL are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.
As of right now, the live price of XELIS (XEL) is $0.448927. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated XEL to USD rate at the top of BTCC’s price page. In terms of market scope, XELIS records a 24h trading volume of $7.703313K (reflecting total buying and selling activity over the last 24 hours), with a total market cap of $2.869758M. Its current circulating supply stands at 6.09M out of a maximum supply cap of 18.4M.
The price volatility of XELIS (XEL) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (6.09M) to max supply (18.4M), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, XELIS (XEL) hit an all-time high (ATH) of $12.723843 on 2024-12-01 23:50, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at $0.119594 on 2026-08-16 17:15. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading XEL futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume ($7.703313K), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s XELUSDT perpetual contracts support two-way trading. If you anticipate a price decline for XELIS, simply log into your BTCC account with USDT margin available, navigate to the XELUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for XELUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: $0.448927), you can practice opening/closing positions, adjusting leverage, and setting TP/SL for XELUSDT with zero financial risk.
Trading XELIS (XEL) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for XELUSDT, and review its live price ($0.448927) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.
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