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<h3>Fireline Report</h3>
<p>OKX is promoting DEX aggregation, upgrading on-chain liquidity on the X Layer, introducing LP incentives, slippage optimization, and a 20% fee discount, enhancing the KUBE trading experience. The Orderly cross-chain order book has been launched, addressing liquidity fragmentation.</p>
<h3>Trading Guide</h3>
<p>Driven by events, pay attention to the opening of the new OKX aggregated DEX pool and the launch of the Orderly mainnet. KUBE/USDT will fluctuate within a certain range. If incentives weaken or liquidity fails, it is necessary to take profits in time.</p>
<p style="margin-top: 20px; text-align: left; opacity: 0.4; padding: 0 42px"><small>Updated at 10-16 10:03</small><br><small>AI-generated summary, not investment advice</small></p></div>

<h1>OKX promotes DEX aggregation and upgrades X Layer on-chain liquidity</h1><h2> Key Points</h2><p> OKX is reshaping the decentralized finance landscape through strategic upgrades to its DEX aggregator and X Layer ecosystem. The DEX aggregator surpassed $1 million in daily transaction fees for the first time in September 2025. X Layer, a zkEVM Layer 2 network based on Polygon CDK, has achieved 5,000 TPS throughput and plans to upgrade to 100,000 TPS. The integration of core DeFi protocols such as Curve and Balancer v3 is driving significant growth in on-chain liquidity.</p><h2> DEX aggregation technology upgrade</h2><h3> X Routing algorithm optimization</h3><p> OKX&#39;s proprietary X Routing algorithm is the core of its aggregation technology, scanning over 400 decentralized exchanges and liquidity pools in real time to optimize trade execution through intelligent routing. The October 2025 DEX API V6 upgrade significantly improved routing logic:</p><ul><li> <strong>Execution efficiency</strong> : Average execution time reduced to 40 milliseconds, MEV resistance increased by 25%</li><li> <strong>Routing strategy</strong> : Supports split order execution (e.g. 60% from one DEX, 40% from another) to achieve optimal price discovery</li><li> <strong>Cross-chain capabilities</strong> : integrated 17+ chain bridges, supporting dynamic congestion prediction and rerouting</li><li> <strong>Accuracy</strong> : Tests show an optimal pricing accuracy of 95%+, with slippage for major trading pairs controlled below 0.5%.</li></ul><h3> Multi-chain ecological coverage</h3><p> OKX DEX supports over 130 blockchain networks, far exceeding the coverage of <a href="https://cryptodnes.bg/en/exchanges/best-decentralized-exchange/">its</a> competitors.</p><table><thead><tr><th> Network Type</th><th> Number of supported chains</th><th> Main Network</th><th> Competitive Advantage</th></tr></thead><tbody><tr><td> EVM compatible</td><td> 80+</td><td> Ethereum, Arbitrum, Polygon</td><td> Full contract compatibility</td></tr><tr><td> Non-EVM</td><td> 50+</td><td> Solana, BNB Chain, Tron</td><td> Cross-ecosystem liquidity integration</td></tr><tr><td> Layer 2</td><td> 20+</td><td> X Layer, Optimism, Base</td><td> Low fees and high-speed execution</td></tr></tbody></table><h3> Trading volume and fee performance</h3><p> As of October 2025, OKX DEX ranked fifth in 30-day trading volume, processing $12.53 billion (a 25% increase from the <a href="https://coinfomania.com/okx-dex-aggregator-records-1m-daily-fees-led-by-bnb-and-solana/">previous</a> month).</p><ul><li> <strong>Average daily trading volume</strong> : $400 million+, peaking at $1 billion during market frenzy</li><li> <strong>Fee structure</strong> : Tiered fee model, 0% fees for major assets such as BTC/ETH/USDT, 0.25% for mid-cap tokens, and 0.85% for low-liquidity tokens</li><li> <strong>Fee Milestone</strong> : On September 15, 2025, the first single-day fee exceeded $1 million, of which the BNB chain contributed $697,000 and Solana contributed $224,000</li></ul><h2> X Layer Ecosystem Development</h2><h3> Technical architecture upgrade</h3><p> X Layer is built on Polygon CDK and uses zero-knowledge proof technology to achieve 100% EVM compatibility. The PP upgrade completed on August 5, 2025 marks a significant technical milestone:</p><p> <strong>PP upgrade core features</strong> :</p><ul><li> <strong>Throughput improvement</strong> : Currently supports 5,000 TPS, with an upgrade path up to 100,000 TPS</li><li> <strong>Fee optimization</strong> : Nearly zero gas fees, 0-gas withdrawals through OKX Exchange</li><li> <strong>Fixed supply</strong> : The total supply of OKB is fixed at 21 million, and 65.25 million tokens have been destroyed.</li></ul><h3> Protocol Integration Ecosystem</h3><h4> Curve Finance Integration</h4><p> As the first zk-L2 stablecoin transaction protocol to support X Layer, Curve provides critical liquidity infrastructure for the <a href="https://x.com/XLayerOfficial/status/1976181304371642516">ecosystem</a> .</p><ul><li> <strong>Technical specifications</strong> : Support low slippage transactions of stablecoins such as USDT/USDC</li><li> <strong>Ecological value</strong> : Establishing a &quot;financial blood circulation system&quot; to lay the foundation for the development of the DeFi ecosystem</li><li> <strong>Integration Effect</strong> : Significantly Reduce Slippage in Stablecoin Transactions and Improve Capital Efficiency</li></ul><h4> Balancer v3 deployment</h4><p> Approved by BIP-879 in October 2025, Balancer v3 will bring revolutionary liquidity management capabilities <a href="https://x.com/XLayerOfficial/status/1978280971469312296">to</a> the X Layer.</p><p> <strong>Deployment phase planning</strong> :</p><table><thead><tr><th> stage</th><th> time</th><th> TVL target</th><th> Core Features</th></tr></thead><tbody><tr><td> start up</td><td> Q4 2025</td><td> -</td><td> Standard Pool + Aave Integration</td></tr><tr><td> 1-month checkpoint</td><td> November 2025</td><td> $40 million</td><td> 15% utilization, $6,000 in DAO revenue</td></tr><tr><td> 3-month checkpoint</td><td> January 2026</td><td> $75 million</td><td> $15,000 in revenue, 5 $10 million pools</td></tr><tr><td> 6-month checkpoint</td><td> April 2026</td><td> $150 million</td><td> $60,000 in revenue, 10 $10 million pools</td></tr></tbody></table><p> <strong>Technological innovation</strong> :</p><ul><li> <strong>Boosted Pools</strong> : Assets remain fully tradable while working in lending markets</li><li> <strong>Double benefits</strong> : Stablecoin pairs can earn both lending income and transaction fees</li><li> <strong>Capital Efficiency</strong> : Optimal Capital Allocation through Dynamic Fees and reCLAMM</li></ul><h3> TVL Growth and Activity</h3><p> The current X Layer TVL is $24.61 million. Although it has decreased by 5.50% in the past 24 hours, its weekly growth rate has reached 5.24%.</p><ul><li> <strong>DEX trading volume</strong> : $9.2 million in 24 hours, $139 million in 7 days</li><li> <strong>Active Addresses</strong> : Over 4 million total addresses, with a record of 71,400 daily active addresses set on September 12th</li><li> <strong>Fee income</strong> : $20,250 in 24 hours, $6,500 in revenue</li></ul><h3> Enhanced cross-chain liquidity</h3><h4> USDT0 unified liquidity</h4><p> Tether’s USDT0 provides a seamless cross-chain stablecoin solution for the X Layer, enabling zero-slippage multi-chain transfers.</p><ul><li> <strong>Technical features</strong> : Supports unified casting of 10+ chains including Ethereum, X Layer, OKX, etc.</li><li> <strong>Application scenario</strong> : Singapore users can use XSGD to pay at GrabPay merchants</li><li> <strong>Liquidity advantage</strong> : OKX users can withdraw gas-free, enhancing liquidity in DeFi and payment scenarios.</li></ul><h4> Bridge Protocol Ecosystem</h4><table><thead><tr><th> Bridge Protocol</th><th> characteristic</th><th> Backing Assets</th><th> Technological advantages</th></tr></thead><tbody><tr><td> Orbiter Finance</td><td> ZK Proof</td><td> ETH/USDT/USDC</td><td> High security</td></tr><tr><td> Owlto</td><td> Universal Cross-Rollup</td><td> Multi-chain assets</td><td> No-intermediary casting</td></tr><tr><td> Meson</td><td> Low-cost exchange</td><td> EVM/non-EVM</td><td> Cost Optimization</td></tr></tbody></table><h3> Three-stage development roadmap</h3><p> OKX CEO Star Xu announced the development roadmap at the TOKEN2049 Singapore Summit on October 3, 2025:</p><p> <strong>Phase 1 (Q3-Q4 2025)</strong> : Stablecoin Integration</p><ul><li> USDT0 launches, establishing basic liquidity</li><li> Payment scenario application expansion</li></ul><p> <strong>Phase 2 (Q4 2025)</strong> : DeFi protocol deployment</p><ul><li> Aave, Uniswap, Balancer, Chainlink integration</li><li> Lending, trading, and oracle functions are complete</li></ul><p> <strong>Phase 3 (Q1+ 2026)</strong> : $100 million Vision Fund</p><ul><li> Developer Incentive Program</li><li> Support payment, DeFi, and RWA long-term project construction</li></ul><h2> Market performance analysis</h2><h3> OKB Token Performance</h3><p> As the native gas token of X Layer, OKB’s price trend is highly correlated with ecosystem upgrades:</p><ul><li> <strong>Current Price</strong> : $177.99 (24-hour -0.49%, 7-day -20.45%)</li><li> <strong>Market capitalization</strong> : US$3.738 billion, ranking 45th globally</li><li> <strong>Trading volume</strong> : $116.9 million in 24 hours</li></ul><p> <strong>Key price nodes</strong> :</p><ul><li> After the PP upgrade on August 5th: it soared from $45 to $135 (a 160% increase)</li><li> All-time high on August 22: $255.62 (+450% year-to-date increase)</li><li> October 8th stage high: $221.46 (driven by ecological momentum)</li></ul><h3> Derivatives market activity</h3><p> OKB derivatives trading shows strong institutional participation:</p><ul><li> <strong>Perpetual contract 24-hour trading volume</strong> : $164.4 million</li><li> <strong>Open interest</strong> : $28.69 million</li><li> <strong>Funding rate</strong> : approximately 0.01% (long-short balance)</li></ul><h2> Competitive positioning analysis</h2><h3> DEX Aggregator Competition Landscape</h3><table><thead><tr><th> platform</th><th> 30-day trading volume</th><th> Number of supported chains</th><th> Core Advantages</th><th> Fee Structure</th></tr></thead><tbody><tr><td> Jupiter</td><td> $19.5 billion</td><td> Solana Focus</td><td> Solana Ecosystem Depth</td><td> 0.3%</td></tr><tr><td> 1inch</td><td> US$18.42 billion</td><td> EVM-based</td><td> Mature EVM ecosystem</td><td> 0.2%</td></tr><tr><td> OKX DEX</td><td> US$12.53 billion</td><td> 130+ full chain</td><td> The widest cross-chain coverage</td><td> 0.15% average</td></tr><tr><td> Kyber</td><td> US$15.48 billion</td><td> Multi-chain support</td><td> Professional routing</td><td> 0.25%</td></tr></tbody></table><p> <strong>OKX&#39;s core competitive advantages</strong> :</p><ul><li> Unmatched chain coverage (130+ vs. competitors’ single or few chains)</li><li> Zero fee policy for major assets</li><li> Deep liquidity brought by the CEX-DEX hybrid model</li><li> X Routing algorithm has a 15-20% execution efficiency advantage</li></ul><h2> Ecological development prospects</h2><h3> Growth drivers</h3><ol><li> <strong>Technology Upgrade Path</strong> : Scalability Potential from 5,000 TPS to 100,000 TPS</li><li> <strong>Protocol integration effect</strong> : Liquidity aggregation of leading DeFi protocols such as Curve, Balancer, and Aave</li><li> <strong>User base</strong> : Access OKX&#39;s massive traffic portal with over 50 million users</li><li> <strong>Regulatory compliance</strong> : Compliance operations under the dual regulatory framework of Hong Kong and Malta</li></ol><h3> Potential challenges</h3><ol><li> <strong>Competitive pressure</strong> : Facing ecological competition from high-performance public chains such as Solana</li><li> <strong>Regulatory risks</strong> : Regulatory restrictions in some regions (Thailand, Philippines)</li><li> <strong>Early stage of the ecosystem</strong> : TVL is relatively small and requires continuous incentives</li></ol><h3> Market expectations</h3><p> Based on the current development trajectory and technology roadmap, X Layer is expected to achieve the following by 2026:</p><ul><li> TVL grows to $150 million (Balancer v3 target)</li><li> Daily active addresses exceed 100,000</li><li> DEX daily trading volume reaches $50 million</li><li> OKX DEX aggregator market share increased to 20%</li></ul><p> Driven by both DEX aggregation technology innovation and X Layer ecosystem development, OKX is building a new financial infrastructure that combines the liquidity of centralized exchanges with the transparency of decentralized finance, laying a solid foundation for the next-generation on-chain economy.</p>
