Written by: @0xJerrrry, Odaily
On August 13, X Layer's official Twitter announced after nearly four months that they are upgrading the OKB economic model, with OKB becoming the sole native gas token for X Layer. OKX will conduct a one-time burn of historical buybacks and 65,256,712.097 reserved OKB tokens, and switch to using a smart contract to automatically burn all OKB tokens transferred to the black hole address. After this operation, manual OKB burning will stop, and the total OKB supply will be fixed at 21 million.
Subsequently, OKB surged to $142.88, with a maximum short-term increase of 208%, before retracing to a low of 88.1 USDT. At the time of writing, OKB is trading at 111.71 USDT.
Previously reported, X Layer's on-chain assets grew by $84.89 million in the past 7 days, hitting a historical high. On August 16, X Layer's transaction count reached 2.05 million, historically surpassing Ethereum. Additionally, in the past day, Users Operations per Second (UOPS) reached 19.23, growing by over 1000%.
After OKB's massive surge, chain users have focused their attention on memes on X Layer, as OKB has only doubled, while bottom-buying memes could potentially yield ten or hundred-fold profits.
Odaily will introduce some basic tools and gameplay rules for X Layer in this article.
Launchpads:
DYORSWAP:
DYORSWAP is the first launchpad supporting X Layer. According to its official Twitter, it's a multi-chain decentralized exchange supporting Mode, unichain, ink, soneium, X Layer, and more. During X Layer's initial revival, DYORSWAP monopolized all meme launches.
The current highest market cap token XDOG was also launched on this platform, reaching a peak market cap of $16 million and now falling to $8 million.
DYORSWAP is also the first platform with an internal Bonding Curve function. Unlike other platforms' Mint methods, DYORSWAP's internal market allows free buying and selling, making it more suitable for hot market PVP.
However, DYORSWAP's UI and optimization are frustrating, often difficult to access, requiring immediate refresh after entry, and sometimes still showing undeleted PancakeSwap code.
Okay.fun:
Okay.fun launched on X Layer in the early morning, and perhaps due to DYORSWAP's unsatisfactory performance, it immediately triggered FOMO. The platform's supported token OKAY's market cap briefly rose to $4.5 million and has now fallen to around $2 million.
According to the official Twitter:
- Total token supply: 1 billion;
- Mintable amount: 800 million;
- Initial Mint market value: 100 OKB;
- Market value after Mint launch: 200 OKB.
Each Mint can produce 1 million tokens, with multiple Mints possible per wallet, each costing 0.1 OKB. Refunds are possible before Mint completion. After Mint, 40 OKB + 200 million tokens will be added to liquidity on PotatoSwap.
Additionally, the platform's founder is Bazinga Happy Bro (@bazingahappy), worth following for interested users.
X MINT:
According to the official Twitter:
Mint:
First 15 minutes: Everyone Mints simultaneously;
After 15 minutes: Enter Bonding Curve dynamic pricing with price rising according to minting progress;
Refunds possible at any time (only gas fees, no additional charges);
Initial stage Mint limit is 1% of total fundraising;
Creator Incentives:
0.5% transaction tax reward daily for creators within 60 days after token launch;
Launch Completion:
Liquidity automatically migrates to PotatoSwap;
LP tokens permanently burned (sent to black hole);
All tokens launched via X MINT will have contract addresses ending in 8888.
Its first launched token XMINT reached a peak of $1.1 million and has now fallen to $500,000.
OK MEME:
OK MEME launched yesterday, also supporting internal Bonding Curve like DYORSWAP. Its first token ABC reached a peak market cap of $400,000 and has now fallen to $200,000, with platform heat already declining.
SWAP:
PotatoSwap:
PotatoSwap provides liquidity pools for X Layer. As these pools can be recognized by OKX Wallet, users can directly trade meme coins with its pools on OKX Wallet, which is why many launchpads choose to add liquidity on PotatoSwap after launch.
Additionally, PotatoSwap plans to launch its own launchpad, expected to be very popular.
DYORSWAP:
If tokens launched on DYORSWAP cannot be traded on DEX, try using the official SWAP.
Monitoring Tools:
Ave.ai:
Ave.ai now supports X Layer on-chain data queries across all terminals. Desktop (PC) and Android mobile users can directly trade X Layer on-chain assets internally and externally on the platform.
Users can also trade X Layer external markets through Ave.ai's official Telegram bot @AveSniperBot.
Ave.ai is currently the only DEX that can view X Layer internal market K-lines (though unable to trade, requiring DYORSWAP), which is very helpful for PVP.
OKX Web 3:
OKX Web 3 (DEX) currently only supports external market trading. As OKX's official DEX, its convenience lies in smooth wallet switching for trading. Recently, OKX Web 3 also introduced an auto-confirm feature on the web page. After turning on the switch, users can trade on the web page without additional wallet confirmation.
Conclusion
X Layer ecosystem is still in its early stage, with trading quite primitive, no copy trading, and no internal market trading bot.
OKX official has not supported this meme trend and has not endorsed various launchpads. X Layer shows slight signs of cooling down in the past two days, and users still need to DYOR.
Remember, when the market drops, your group friends might tell you: "Bro, I'm out of X Layer. All good things must end, this feast is at its final moment, the delicacies are gone, leaving only cold leftovers and a messy scene. The smart ones have eaten and quietly left, while you, late to realize, still refuse to leave, fantasizing about the next delicious main course, only to end up with a massive bill for this feast. Someone always pays, and this time, it's you."
