According to official news from Odaily Planet Daily, leading stablecoin DeFi protocol Curve has announced its deployment on OKX's high-performance Layer 2 network, X Layer. DeFi automated market-making protocol Balancer has also announced its upcoming deployment on X Layer. With these top DeFi protocols officially announcing their partnerships with X Layer, global users will be able to seamlessly experience various DeFi methods and earn returns within X Layer.
Curve Finance is a decentralized exchange optimized for low-slippage trading between stablecoins and similar assets (such as wBTC/renBTC). The protocol utilizes an automated market maker (AMM) specifically designed to provide DeFi users with low-slippage trading and stable fee income for liquidity providers. Balancer is a DeFi automated market-making protocol that utilizes a novel self-balancing weighted pool. The protocol allows anyone to create a pool of assets with predefined weights within the pool. X Layer is designed for high-intensity DeFi scenarios, boasting a transaction processing capacity of approximately 5,000 TPS and near-zero costs, striving to create "The New Money Chain." Through its partnership with Aave, X Layer will further expand ecosystem liquidity and asset utility, accelerating the potential for developers to build financial primitives and integrated applications.
According to Odaily Planet Daily, OKX CEO Star posted on social media that X Layer has never opposed Meme Coin. As an open on-chain infrastructure, Meme Coin is an important and unique part of the ecosystem.
He emphasized that X Layer opposes some trading platforms that abandon their neutral and objective stance and personally mass-produce worthless tokens, manipulate public opinion through gimmicks such as "airdrops," "rewards," and "hundred-fold or thousand-fold coin returns," and induce users to trade in a pyramid scheme-like manner.
Star pointed out that this behavior ultimately harms the interests of ordinary users and benefits a few "early birds." He said that the significance of blockchain is not to create illusions, but to rebuild trust. X Layer will continue to use technology and time to build a real and sustainable future.
According to official news from Odaily Planet Daily, the OKX "DEX Trading" public beta now supports X Layer. Users who have activated the public beta whitelist can experience it firsthand, trading on-chain tokens using USDT and OKB, and more will be added in due course. Eligible users must upgrade the OKX app to version 6.138.0 or higher (Public Beta), then click "Trade" and select "DEX" at the bottom of the exchange's homepage, or access the platform through the OKX app's homepage rankings, market, or search portals.
OKX's "DEX Trading" is an on-chain trading feature launched by OKX on its centralized exchange. Users can directly trade on-chain tokens on supported public chains using their exchange account balances (USDT, USDC, or the network's native token) without switching wallets or cross-chain transactions. Assets are stored in their own dedicated, self-custodial wallet.
Odaily Planet Daily News shows that the X Layer ecological meme coin "Ouyi Life" fell to $0.0054, a short-term drop of 52%, and is currently quoted at 0.005 USDT.
According to previous news, OKX CEO Star said: OKX has never and will never artificially create tokens or manipulate the market.
Odaily reminds users that the price of Meme coin fluctuates greatly, so investors are advised to participate with caution.
According to Odaily, OKX Founder and CEO Star Xu delivered the opening speech at the X Layer offline event, "Building the X Layer - Launching a Genesis Night with DeFi Giants." Star expressed his gratitude for the enthusiastic support from the community and guests, adding that the team feels a deep sense of responsibility. As an open company, OKX considers building an open blockchain network one of its highest strategic priorities and plans to make the X Layer a key infrastructure for the OKX Wallet and exchange.
Star explained that the development of the X Layer will be divided into three phases. The first phase will focus on integrating stablecoin projects, such as Tether and USDG, into the X Layer. In the near future, users will be able to hold stablecoins in the OKX Wallet and enjoy an annualized yield (APY) of 4%-5%. The second phase will involve collaborating with leading industry projects, including Aave, Uniswap, Balancer, and Chainlink, to make these leading protocols part of the X Layer infrastructure. The third phase will reward outstanding projects through a series of incentive programs. Star stated that OKX has prepared a $100 million "OKX Vision Fund" and will support the most successful projects through multiple rounds of programs to ensure that the community will not be disappointed. Furthermore, OKX plans to develop on-chain derivatives and payment markets on the X Layer, with results expected to be released in the coming months. The X Layer team will focus on product development, technical optimization, and community engagement to promote the steady development of the entire ecosystem.