XION
The full report. Score, pillars, arithmetic, risk, scenario, signal and notes.
Research, not financial advice. Read the terms.
About XION
Analysis of 24 Apr 2026XION is the first walletless Layer-1 blockchain purpose-built for mainstream consumer adoption through chain abstraction. Developed by Burnt Labs and founded by Anthony Anzalone (Forbes 30 Under 30), XION eliminates traditional blockchain friction by enabling users to create "Meta Accounts" using email, Apple Face ID, biometrics, or social logins, with no seed phrases or wallet software required.
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Built on Cosmos SDK with CometBFT consensus, XION processes over 10,000 TPS with sub-2-second finality at transaction costs below $0.0001. The protocol abstracts gas fees (users pay in stablecoins or apps subsidize costs entirely), signatures (supporting any cryptographic curve including Apple passkeys), and interoperability (cross-chain actions across 70+ ecosystems via Axelar and Union integrations).
Trading at approximately $0.156 in April 2026 with a market cap of $11.3M and ranked #1134 on CoinGecko, XION has declined 98% from its December 2024 ATH of $6.83 reached shortly after mainnet launch. The circulating supply is 72.5M XION out of 200M total, with no hard maximum supply cap.
The project has raised $36M from investors including Multicoin Capital, Animoca Brands, Circle, Hashkey Capital, and Arrington Capital.