Here’s Why Codatta (XNY) is Up Over 168% Today

Multi-chain AI knowledge protocol Codatta has seen an impressive surge in market value in the last 24 hours. According to data from CoinGecko, the project’s native token XYN is valued at approximately $0.016 at the time of writing. This represents a 168.3% price increase from one day ago and a 392.1% surge in the last seven days.

It appears that a combination of recent developments constitutes the force behind the protocol’s current spike in price.

What is Driving the Rally?

One of the reasons behind Codatta’s price surge lies in an announcement made by the project on Monday. It involves Singapore-based institutional investment firm NGC Ventures and KuCoin Ventures, the investment arm of the Kucoin cryptocurrency exchange.

According to the blog post, these two entities made a strategic investment in the Codatta platform. The initiative is aimed at improving the quality and transparency of data managed across artificial intelligence (AI) ecosystems.

NGC Ventures acknowledged that developers and researchers usually face challenges when they want to verify or even access data. This new strategic investment will help to bridge the gap that currently exists.

KuCoin Ventures, on the other hand, views Codatta as a “core infrastructure for decentralized AI.” Leveraging its decentralized features, backing Codatta will ensure that data becomes more useful and valuable for both creators and users.

Notably, NGC Ventures has a record of investing in projects related to Web3, blockchain, and Artificial Intelligence. Considering that Kucoin is a cryptocurrency exchange that supports similar projects, makes both parties a good match.

Codatta and XPIN Network Partners

Codatta also established a strategic partnership with XPIN Network. For context, XPIN Network is a decentralized wireless platform that utilizes blockchain technology and the Decentralized Physical Infrastructure Network (DePIN).

According to the X post, the partners initiated the collaboration to empower AI agents and next-generation applications.

🌐 @XPINNetwork 🤝 @codatta_io
Forging a future where decentralized connectivity meets Codatta’s cutting-edge AI knowledge layer. Together, we’re empowering AI agents, decentralized connectivity innovation to redefine what’s possible. https://t.co/eWM1Wi8MKJ

— XPIN Network🛰️ (@XPINNetwork) August 11, 2025

Meanwhile, Codatta is running the second season of its Booster Airdrop campaign. This program has a weekly prize pool of 50 million in XNY tokens. Thus, users can earn rewards after completing required social tasks. The third week of this program is currently on and is scheduled to end on August 15, 2025.

About Codatta (XNY)

Codatta is a decentralized, multi-chain AI knowledge protocol designed to transform knowledge into verifiable and valuable digital assets. As such, the protocol allows data creators to monetize their knowledge by earning royalties from data users. Additionally, Codatta utilizes a hybrid storage model to ensure privacy and transparency by combining on-chain proofs with encrypted off-chain data.

XNY is the Codatta ecosystem’s native utility token. Launched in July 2025, the token was developed by Codatta Labs to power various functions and incentivize users within the network.

In less than one month after its launch, Codatta (XNY) has impressively captured market interest. On-chain data reveals that at the time of writing, the token has a daily trading volume of $63,556,745. This reflects a 104.7% increase in the last 24 hours. XNY has a current market capitalization of $136,182,817.

As with other cryptocurrencies, Codatta (XNY) is a volatile digital asset that carries significant investment risks. Thus, users should allow thorough research, not market hype, to influence their investment decisions.

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