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[HOST] Welcome to X1 Report, your source for the latest in blockchain news. Tonight, we're diving

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into the launch of wXNT on Solana and its implications for X1's ecosystem.

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[ANALYST] Jack Levin, the founder of X1, announced today that wXNT is now live on Solana, marking a

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significant shift in how assets are bridged between chains.

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[HOST] This move comes after a year-long wait, and it's part of a broader strategy to enhance

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liquidity and trading capabilities for XNT on the Solana network.

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[ANALYST] wXNT is essentially a wrapped version of XNT, designed to be traded directly on Solana.

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Unlike other assets that enter X1 from Solana, wXNT allows users to send XNT into the

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bridge and receive an equivalent amount of wXNT on Solana.

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[HOST] The bridge's configuration for wXNT is quite unique. It has a daily cap of 1 million XNT

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in each direction, which translates to approximately $298,000 at today's price, with no

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minimum or maximum transfer limits.

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[ANALYST] This setup is different from other tokenized assets on the bridge. For instance, tokenized

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stocks like AAPL.X have daily caps of around $10,000 and per-transfer minimums of about

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$10.

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[HOST] The strategic importance of wXNT lies in its ability to be used as collateral, routed

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through DeFi protocols, or even bought by users who might not have an X1 wallet.

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[ANALYST] However, the current market for wXNT on Solana is thin. The deepest pool for XNT/USDC.X

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holds only $4,082 of total value, making it challenging to trade large volumes.

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[HOST] To address this issue, X1 is planning to launch the Terminal, a dynamic liquidity market

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maker designed to improve trading conditions for newly launched tokens like XNT.

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[ANALYST] The Terminal will use Alpha Vault strategies and allow liquidity providers to choose the

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shape of the liquidity curve, making trades more efficient and less slippage-prone.

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[HOST] In the meantime, X1 has also added AAPL.X to its bridge, bringing Apple's stock to Solana.

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This addition brings the total number of tickers on the bridge to ten.

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[ANALYST] While wXNT is now live, it's important to note that meaningful trading volume for wXNT on

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Solana does not yet exist. The market will only form once the Terminal and its liquidity

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pools are operational.

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[HOST] The launch of wXNT and AAPL.X marks a significant step forward for X1, but the real test

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will be how well the Terminal performs in creating a deep and liquid market for XNT on

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Solana.

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[ANALYST] Stay tuned to X1 Report as we continue to cover the latest developments in the blockchain

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space. Thank you for listening.