Symbol Price

Symbol (XYM) is a cryptocurrency launched in 2021 that powers the Symbol blockchain platform. Currently ranked #667 with a price of $0.006982, it has seen a -0.51% change in the last 24 hours. Symbol focuses on business solutions with features like smart contracts, aggregated transactions, and multi-level multisig accounts. The platform supports both public and private blockchains, making it highly adaptable for various enterprise applications. With a circulating supply of 6.16B XYM out of a maximum 8.99B XYM, Symbol has a market cap of $43.02M. The 24-hour trading volume stands at $61.26K. The token's flexible architecture enables developers to create customized blockchain assets and applications beyond conventional use cases, positioning it as a versatile solution in the blockchain ecosystem.

Symbol (XYM) was created on March 17, 2021. It was launched as part of the Symbol blockchain developed by the NEM Group after four years of development. The cryptocurrency operates on a specialized proof-of-stake consensus mechanism called POS+, which enhances interoperability and collaboration with other blockchains. Since its launch, Symbol has established itself as a notable project in the blockchain ecosystem with a current market cap of $43.02M and a circulating supply of 6.16B XYM.

Symbol was founded by the NEM Group and the Symbol community as a next-generation enterprise blockchain platform. It was launched on March 16, 2021, as a successor to the NEM blockchain. The development was led by the NEM Software team under the guidance of the NEM Group, with significant contributions from community developers. Unlike many cryptocurrencies with individual founders, Symbol was developed as a community-driven project with distributed leadership across the NEM ecosystem. The project emerged from a fork of the original NEM blockchain, aiming to provide enhanced features for enterprise applications while maintaining the core principles of the NEM protocol.

Symbol operates on a Proof-of-Stake Plus (PoS+) consensus mechanism that powers the Symbol blockchain platform. The network uses XYM tokens to facilitate fast, secure transactions and enable smart contracts. XYM has a current circulating supply of 6.16B XYM out of a maximum supply of 8.99B XYM, with a total supply of 8.99B XYM. The Symbol ecosystem allows users to create digital assets, establish multisignature accounts, and implement cross-chain swaps. Transactions are validated by network nodes that stake XYM tokens, helping maintain network security while earning rewards. The platform's architecture supports enterprise-grade applications with high throughput and low latency. Symbol's value is currently $0.006982, with a market capitalization of $43.02M. The network's design prioritizes scalability and interoperability, making it suitable for various use cases including supply chain management, financial services, and digital identity solutions.

Symbol operates on a hybrid architecture combining elements of NEM's Proof-of-Importance consensus with enterprise-grade features. The technical foundation includes: • Consensus: Uses a modified Proof-of-Stake+ mechanism that considers node reputation and activity • Block Structure: Three-layer design with transactions, blocks, and metadata for enhanced scalability • Smart Assets: Supports programmable digital assets with customizable properties • Mosaics: Native digital assets that can represent various tokens or utilities • Namespaces: Hierarchical naming system similar to domain names • Multisignature: Advanced multi-level signature requirements for enhanced security • Aggregated Transactions: Allows bundling multiple transactions into atomic operations • Plugins: Modular architecture supporting extensions The network can process approximately 4,000 transactions per second with a 30-second block time. Symbol's total supply is capped at 8.99B XYM, with 6.16B XYM currently in circulation as of 2025-07-01.

Symbol is focused on building a sustainable future through continuous technical improvements. The roadmap emphasizes enhancing transaction throughput, finality, and network security while optimizing the core protocol. Key upcoming developments include: • Protocol upgrades to improve scalability and efficiency • Enhanced cross-chain interoperability features • Expansion of enterprise adoption solutions • Community governance improvements With a current price of $0.006982 and market cap of $43.02M, XYM has significant growth potential. The development team is actively working on refining aggregate transactions to reduce confirmation times. By 2026, Symbol aims to complete major protocol enhancements, with further ecosystem expansion planned through 2030. The maximum supply cap of 8.99B XYM ensures long-term value preservation as adoption increases.