Top 10 cryptocurrencies by market cap in 2025

The cryptocurrency market cap landscape in 2025 continues to evolve with significant shifts in token valuations and ecosystem developments. The top-performing digital assets demonstrate substantial market presence, with leaders maintaining multi-billion dollar valuations while emerging projects gain traction through innovative use cases.

Xai, positioned at market rank 614, exemplifies the growing importance of gaming-focused blockchain solutions. Trading at $0.02145 with a fully diluted market capitalization of approximately $43.9 million, Xai operates as the first Layer 3 solution within the Arbitrum ecosystem, co-developed by Offchain Labs and Ex Populus. The protocol enables traditional gaming audiences—potentially billions of players—to own and trade valuable in-game assets without direct cryptocurrency wallet interaction, representing a paradigm shift in blockchain gaming adoption.

The token's price movements reflect market volatility, showing a 10.13% increase over the past 24 hours while declining 92.54% annually. With a circulating supply of 1.85 billion XAI tokens against a maximum supply of 2.5 billion, the asset maintains a 74.15% circulation ratio. The daily trading volume of $3.88 million across 48 exchanges indicates moderate liquidity, while the 51,775 token holders suggest growing community participation in gaming-centric blockchain infrastructure.

Analysis of trading volume and liquidity trends

XAI's trading volume and liquidity metrics reveal significant market dynamics that merit careful examination. Over the past three months, the token demonstrated considerable volatility in daily trading volumes, ranging from approximately 5.5 million to 641 million USD across various periods.

The dramatic volume surge occurring on November 20-21, 2025, when trading reached 641 million USD, indicates heightened market interest and substantial liquidity inflows. This spike coincided with significant price volatility, where XAI moved from $0.01919 to $0.02689 in a single trading session.

Current liquidity conditions show XAI is traded across 48 exchanges, demonstrating reasonable distribution. The token maintains a circulating supply of 1.85 billion XAI against a maximum supply of 2.5 billion, with market capitalization reaching $39.76 million. The 74.15% circulation ratio suggests adequate token distribution for maintaining healthy trading dynamics. Recent 24-hour trading volume of $3.88 million, combined with the token's presence on multiple trading platforms, indicates accessible liquidity for both retail and institutional participants seeking XAI exposure.

Exchange coverage and market accessibility

XAI maintains robust exchange coverage with availability across 48 trading platforms globally, ensuring broad market accessibility for retail and institutional investors. The token's presence on multiple exchanges facilitates liquidity distribution and reduces dependency on any single trading venue. This widespread availability is critical for tokens operating in the gaming sector, where user adoption directly correlates with accessibility.

The trading volume data demonstrates consistent market engagement, with 24-hour volume reaching approximately $3.88 million USD. This volume level indicates sufficient liquidity for standard trading operations, though concentrated exchange presence remains important for execution efficiency. The circulating supply of 1.85 billion XAI tokens distributed across 48 exchanges creates a competitive trading environment with opportunities for price discovery.

Exchange integration extends beyond spot trading, with XAI available on gate, representing a significant milestone for market accessibility. The token's presence on established platforms attracts diverse user bases, from casual gamers to experienced crypto traders. This multi-exchange strategy aligns with XAI's core mission of democratizing gaming asset ownership for millions of traditional gamers who previously lacked exposure to blockchain trading infrastructure.

Supply dynamics and circulation patterns

Xai Supply Dynamics and Circulation Patterns

Xai's tokenomics reveal a carefully structured supply model designed to balance availability with long-term value preservation. The token operates with a maximum supply cap of 2.5 billion XAI, with current circulating supply standing at approximately 1.85 billion tokens, representing 74.15% of the total supply cap. This circulation ratio demonstrates moderate token release dynamics that maintain inflationary pressure while preserving scarcity elements for future development phases.

The 25.85% of unminted tokens represents approximately 646 million XAI reserved for future ecosystem development, strategic partnerships, and community incentives. This reserved pool provides flexibility for the Xai Foundation to support network growth without immediate market flooding. The distribution pattern reflects a measured approach to token release, ensuring adequate liquidity for gaming platforms and trading pairs while preventing sudden supply shocks that could destabilize market dynamics. Current holder concentration data shows 51,775 active addresses, indicating relatively distributed ownership across the gaming community and investors.

FAQ

What is the XAI coin?

XAI coin is a cryptocurrency in the Web3 space, designed to support AI-driven decentralized applications and services.

Is XAI coin related to Elon Musk?

No, XAI coin is not directly related to Elon Musk. It's a separate cryptocurrency project focused on AI and blockchain technology.

What is XAI worth today?

As of November 24, 2025, XAI is trading at $12.75, showing a 15% increase in the last 24 hours with a market cap of $850 million.

Is XAI owned by Elon Musk?

No, XAI is not owned by Elon Musk. It is an independent cryptocurrency project with its own development team and community.