Top Crypto Gainers Today May 16 – Onyxcoin, Merlin Chain, Mask Network, Zebec Network

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Onxycoin
Onxycoin

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Rising investor confidence and key innovations drive notable gains in blockchain infrastructure and DeFi tokens. Projects focused on scalability, interoperability, and bridging Web2 with Web3 capture market attention and fuel momentum. These advancements reflect a growing demand for versatile, secure, user-friendly blockchain ecosystems. This article explores four of today’s top crypto gainers and the potential reasons behind their surge.

Sector performance chart

Onyxcoin (XCN) leads with a 27% surge, driven by early launches like Onyx AI and the Ledger Points Portal that enhance utility and engagement. Merlin Chain (MERL) expands Bitcoin’s smart contract capabilities, supported by the Wizard 0.3 AI assistant upgrade. Mask Network (MASK) strengthens Web3 social interactions through expanded DApp access, while Zebec (ZBCN) pushes real-world crypto payment adoption with innovative products such as Paybridge and Zebec Cards. These tokens are rising due to growing investor confidence and groundbreaking innovations, positioning them as some of the top performers in today’s blockchain market.

Biggest Crypto Gainers Today – Top List

Onyx is a blockchain infrastructure designed for a multi-asset, scalable, and cryptographically secure financial ecosystem. Merlin Chain is a Bitcoin-native Layer 2 solution developed by Bitmap Technology to bring scalability, efficiency, and smart contract functionality to the Bitcoin network.  Mask Network is a decentralised protocol that bridges Web2 social platforms like Twitter and Facebook with Web3 functionalities. Zebec is a decentralised infrastructure network that enables real-world value flows through blockchain technology. Let’s dive in fully to uncover why these top crypto gainers are surging today. 

1. Onyxcoin (XCN)

Onyx is a blockchain infrastructure designed for a multi-asset, scalable, and cryptographically secure financial ecosystem. Built to enhance interoperability and efficiency, Onyx enables independent networks to coexist and interact seamlessly. With support for custom asset issuance and smart contracts through a flexible programming model, the protocol offers institutions and developers a robust foundation for building secure, interconnected financial solutions.

The native token, XCN, plays a central role in the Onyx ecosystem. It is used for governance through the Onyx DAO, allowing holders to vote on key protocol upgrades and decisions. Additionally, XCN helps secure the network by incentivising a federation of block signers. It may be used to pay for transaction fees and smart contract execution, reinforcing its utility in maintaining and evolving the Onyx ledger.

Onxycoin price chart

Onyxcoin (XCN) is currently priced at $0.02176 after surging by 27.04% in the past 24 hours. The token has also gained 17.96% over the last 7 days, signaling renewed momentum. With a daily low of $0.0162 and a high of $0.0219, XCN shows intense volatility and growing interest among market participants.

Onyx celebrates an early double release with the launch of Onyx AI and the $XCN Ledger Points Portal, both going live ahead of schedule. This move highlights the team’s commitment to rapid execution and delivering beyond expectations, with access now available through the official Onyx App.

By rolling out these tools early, Onyx strengthens its utility-driven ecosystem and reinforces investor confidence. The Onyx AI and Ledger Points Portal expand engagement and reward opportunities, adding momentum to the $XCN token’s long-term value proposition.

2. Merlin Chain (MERL)

Merlin Chain is a Bitcoin-native Layer 2 solution developed by Bitmap Technology to bring scalability, efficiency, and smart contract functionality to the Bitcoin network. It uses ZK-Rollup architecture to batch transactions off-chain, reducing fees and increasing throughput. Integrated with decentralised oracle networks and data availability modules, Merlin Chain supports dApps, smart contracts, and cross-chain compatibility with EVM, pushing Bitcoin’s capabilities beyond simple transactions.

The native token, MERL, fuels the Merlin ecosystem. It is used for staking and collator delegation, helping secure the network and incentivising validators. Additionally, MERL covers transaction fees, serves as collateral, and provides liquidity across the platform. This utility-rich token underpins both the governance and operational efficiency of Merlin Chain, aligning with the project’s community-first approach and drive to expand Bitcoin’s functional frontier.

Merlin chain price chart

Merlin Chain (MERL) is trading at $0.1205, posting a 9.70% gain in the last 24 hours and a 14.64% increase over the past 7 days. The token moved between $0.101 and $0.1219 the previous day, showing steady upward momentum and growing investor interest in its blockchain infrastructure offering.

Wizard 0.3 is now live on Merlin Chain, bringing a major upgrade to the AI-powered assistant. This release transforms how users engage with Web3 by enabling seamless interactions like swapping, staking, and bridging assets by chatting with the assistant on Merlin.

This launch enhances the accessibility and efficiency of the Merlin Chain ecosystem. For investors, it means a more intuitive user experience, potentially increasing adoption and activity on the network, which strengthens the utility and value of the underlying token.

3. Solaxy (SOLX)

Solaxy ($SOLX) is a Layer 2 solution for Solana designed to enhance scalability, reduce congestion, and lower transaction costs. The project has already raised over $36.4 million in its presale, with the token priced at $0.001726, offering early buyers the opportunity to invest before the official launch.

During the presale, investors can stake their $SOLX tokens to earn up to a 111% annual percentage yield (APY). Staked tokens remain locked until the Token Generation Event (TGE), after which they can be claimed along with presale purchases. Once the TGE occurs, $SOLX will be listed on major centralized and decentralized exchanges, providing liquidity and trading opportunities.

With a focus on scalability, staking rewards, and early investment advantages, Solaxy positions itself as a promising project in the blockchain technology space. Investors can passively grow their holdings while supporting a network built for efficiency and long-term growth. Backed by strong investor interest and a clear roadmap, $SOLX is poised to impact the Solana ecosystem significantly.

Visit Solaxy Presale

4. Mask Network (MASK)

Mask Network is a decentralised protocol that bridges Web2 social platforms like Twitter and Facebook with Web3 functionalities. Launched in 2019, it started by enabling users to encrypt and post secure messages on social media. Since then, it has evolved into a powerful gateway that lets users interact directly with decentralised applications (DApps) from their favourite platforms. These include Gitcoin funding, decentralised storage, crypto payments, and more, all without needing to migrate off traditional social networks.

The MASK token powers the Mask Network ecosystem. It plays a central role in governance, allowing holders to vote on protocol upgrades and ecosystem initiatives. Additionally, MASK is used within the DApplet ecosystem for transactions, access to premium features, and as an incentive for developers building DApps on the platform. This integration of utility and governance gives the token both functional and strategic value as Mask continues to grow its Web3 infrastructure atop familiar Web2 interfaces.

Mask network price chart

Mask Network (MASK) is currently priced at $1.49, showing a 6.36% gain in the past 24 hours and a 25.86% rise over the last 7 days. With a 43.55% surge over the past month and a daily price range between $1.31 and $1.56, Mask Network stands out as a top crypto gainer, reflecting growing confidence in its mission to bridge Web2 and Web3 social platforms.

Mask network highlights Honeypot Finance’s innovative meme economy built on Berachain’s Proof-of-Liquidity (PoL) model. It showcases their user-first approach with real liquidity, safer meme token launches, and a full DeFi stack designed to empower community ownership and fair participation. Features like Pot2Pump, Dreampad, and Wasabee DEX focus on making meme launches more capital-efficient and less chaotic.

For the Mask Network community, this post emphasises Mask’s role as a supporter and promoter of projects aligning with its user ownership and composability values. By backing Honeypot Finance, Mask strengthens its ecosystem with trusted, community-driven DeFi innovations that benefit users through fair governance, rewards, and sustainable growth.

5. Zebec Network (ZBCN)

Zebec is a decentralized infrastructure network that enables real-world value flows through blockchain technology. Since its launch in 2021, it has evolved from a continuous settlement protocol into a robust ecosystem offering payment, payroll, and retail solutions tailored to Web2 and Web3 economies. Backed by major investors like Circle, Coinbase, and Solana Ventures, Zebec aims to reshape the financial landscape by making money movement faster, more secure, and seamlessly integrated into daily life.

The ZBCN token powers the Zebec Network and plays a central role in the platform’s operations. It is used for transaction fees, staking, governance participation, and incentivizing usage across the ecosystem. As Zebec expands its suite of real-world applications, the demand and utility for ZBC grow, reinforcing its importance as the network’s core economic engine and supporting its long-term mission of bridging traditional finance with decentralized systems.

Zebec Network price chart

Zebec Network (ZBCN) is priced at $0.001758, showing a solid 7.06% increase in the last 24 hours and an impressive 104.93% growth over the past month. The token traded between $0.001574 and $0.001759 in the previous 24 hours, highlighting strong momentum and growing interest in Zebec’s streaming payment solutions within the crypto ecosystem.

Zebec is moving forward in its mission to bridge traditional finance (TradFi) with compliant crypto infrastructure. With products like Paybridge and Zebec Cards, the team is building a payment ecosystem that allows users to earn, spend, and transfer funds using fiat or stablecoins—all with greater control. This approach makes their tools useful for crypto-savvy users and anyone looking for more flexible financial solutions.

For the Zebec community, this signals continued progress toward mainstream adoption. By making crypto payments more accessible and compliant, Zebec is opening the door for more real-world use cases and a broader user base. This move strengthens the ecosystem, attracts new participants, and reinforces Zebec’s role as a bridge between Web2 finance and Web3 innovation.

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