XCarnival is an NFTFi liquidity and NFT-collateralized lending protocol that was co-founded by Leon Liu as Founder and CEO and Alan Ma as CTO. XCarnival's Twitter Score is 7.9 out of 1000 as of September 2026, ranking #113,543 among 486,573 tracked accounts.
XCarnival operates as a one-stop platform combining NFT collateral, crypto loans, liquidity pools, and risk-control tooling. Its XBroker product is an NFT pledge-and-loan platform with contracts deployable across EVM-compatible chains, with liquidity live on Ethereum and a locked token supply on BNB Chain. XCV serves as the protocol's governance token. Per DeFiLlama, XCarnival raised a $2M seed round in June 2021 and is classified as an NFT-lending protocol, though DeFiLlama currently reports $0 TVL, indicating minimal on-chain activity. The protocol also won BNB Chain's 2021 Southeast Asia Hackathon series.
XCarnival suffered a significant security incident in June 2022 when an attacker exploited a lending logic bug, draining 3,087 ETH from the protocol. Security firm Halborn attributed the vulnerability to a collateral order ID reuse error. Following the exploit, the protocol recovered 1,467 ETH and offered the attacker a 1,500 ETH bounty alongside legal exemption. Smart contracts have been audited by CertiK and PeckShield, and the protocol runs an Immunefi bug bounty program with rewards of up to $200,000.
XCarnival has been backed by a broad group of investors including AU21 Capital, Bitrise Capital, Chain Capital, Digital Finance Group (DFG), Everest Ventures Group, Fundamental Labs, Gate.io, Incuba Alpha, LD Capital, NGC Ventures, SNZ Holding, Waterdrip Capital, ZBS Capital, and Zonff Partners. XCarnival has published 1,679 posts on the platform and has been mentioned by 60 accounts a total of 216 times.
Who follows XCarnival on X?
XCarnival draws a diverse set of followers from across the crypto industry. The accounts that follow XCarnival include 26 founders, 6 angel investors, 33 influencers and 10 VCs, among them KuCoin, Minion, Gate, Tintin, Solid and Solv Protocol.