OKX promotes DEX aggregation and upgrades X Layer on-chain liquidity

Key Points

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.

DEX aggregation technology upgrade

X Routing algorithm optimization

OKX'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:

• Execution efficiency : Average execution time reduced to 40 milliseconds, MEV resistance increased by 25%
• Routing strategy : Supports split order execution (e.g. 60% from one DEX, 40% from another) to achieve optimal price discovery
• Cross-chain capabilities : integrated 17+ chain bridges, supporting dynamic congestion prediction and rerouting
• Accuracy : Tests show an optimal pricing accuracy of 95%+, with slippage for major trading pairs controlled below 0.5%.

Multi-chain ecological coverage

OKX DEX supports over 130 blockchain networks, far exceeding the coverage of its competitors.

Trading volume and fee performance

As of October 2025, OKX DEX ranked fifth in 30-day trading volume, processing $12.53 billion (a 25% increase from the previous month).

• Average daily trading volume : $400 million+, peaking at $1 billion during market frenzy
• Fee structure : 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
• Fee Milestone : 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

X Layer Ecosystem Development

Technical architecture upgrade

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:

PP upgrade core features :

• Throughput improvement : Currently supports 5,000 TPS, with an upgrade path up to 100,000 TPS
• Fee optimization : Nearly zero gas fees, 0-gas withdrawals through OKX Exchange
• Fixed supply : The total supply of OKB is fixed at 21 million, and 65.25 million tokens have been destroyed.

Protocol Integration Ecosystem

Curve Finance Integration

As the first zk-L2 stablecoin transaction protocol to support X Layer, Curve provides critical liquidity infrastructure for the ecosystem .

• Technical specifications : Support low slippage transactions of stablecoins such as USDT/USDC
• Ecological value : Establishing a "financial blood circulation system" to lay the foundation for the development of the DeFi ecosystem
• Integration Effect : Significantly Reduce Slippage in Stablecoin Transactions and Improve Capital Efficiency

Balancer v3 deployment

Approved by BIP-879 in October 2025, Balancer v3 will bring revolutionary liquidity management capabilities to the X Layer.

Deployment phase planning :

Technological innovation :

• Boosted Pools : Assets remain fully tradable while working in lending markets
• Double benefits : Stablecoin pairs can earn both lending income and transaction fees
• Capital Efficiency : Optimal Capital Allocation through Dynamic Fees and reCLAMM

TVL Growth and Activity

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%.

• DEX trading volume : $9.2 million in 24 hours, $139 million in 7 days
• Active Addresses : Over 4 million total addresses, with a record of 71,400 daily active addresses set on September 12th
• Fee income : $20,250 in 24 hours, $6,500 in revenue

Enhanced cross-chain liquidity

USDT0 unified liquidity

Tether’s USDT0 provides a seamless cross-chain stablecoin solution for the X Layer, enabling zero-slippage multi-chain transfers.

• Technical features : Supports unified casting of 10+ chains including Ethereum, X Layer, OKX, etc.
• Application scenario : Singapore users can use XSGD to pay at GrabPay merchants
• Liquidity advantage : OKX users can withdraw gas-free, enhancing liquidity in DeFi and payment scenarios.

Bridge Protocol Ecosystem

Three-stage development roadmap

OKX CEO Star Xu announced the development roadmap at the TOKEN2049 Singapore Summit on October 3, 2025:

Phase 1 (Q3-Q4 2025) : Stablecoin Integration

• USDT0 launches, establishing basic liquidity
• Payment scenario application expansion

Phase 2 (Q4 2025) : DeFi protocol deployment

• Aave, Uniswap, Balancer, Chainlink integration
• Lending, trading, and oracle functions are complete

Phase 3 (Q1+ 2026) : $100 million Vision Fund

• Developer Incentive Program
• Support payment, DeFi, and RWA long-term project construction

Market performance analysis

OKB Token Performance

As the native gas token of X Layer, OKB’s price trend is highly correlated with ecosystem upgrades:

• Current Price : $177.99 (24-hour -0.49%, 7-day -20.45%)
• Market capitalization : US$3.738 billion, ranking 45th globally
• Trading volume : $116.9 million in 24 hours

Key price nodes :

• After the PP upgrade on August 5th: it soared from $45 to $135 (a 160% increase)
• All-time high on August 22: $255.62 (+450% year-to-date increase)
• October 8th stage high: $221.46 (driven by ecological momentum)

Derivatives market activity

OKB derivatives trading shows strong institutional participation:

• Perpetual contract 24-hour trading volume : $164.4 million
• Open interest : $28.69 million
• Funding rate : approximately 0.01% (long-short balance)

Competitive positioning analysis

DEX Aggregator Competition Landscape

OKX's core competitive advantages :

• Unmatched chain coverage (130+ vs. competitors’ single or few chains)
• Zero fee policy for major assets
• Deep liquidity brought by the CEX-DEX hybrid model
• X Routing algorithm has a 15-20% execution efficiency advantage

Ecological development prospects

Growth drivers

1. Technology Upgrade Path : Scalability Potential from 5,000 TPS to 100,000 TPS
2. Protocol integration effect : Liquidity aggregation of leading DeFi protocols such as Curve, Balancer, and Aave
3. User base : Access OKX's massive traffic portal with over 50 million users
4. Regulatory compliance : Compliance operations under the dual regulatory framework of Hong Kong and Malta

Potential challenges

1. Competitive pressure : Facing ecological competition from high-performance public chains such as Solana
2. Regulatory risks : Regulatory restrictions in some regions (Thailand, Philippines)
3. Early stage of the ecosystem : TVL is relatively small and requires continuous incentives

Market expectations

Based on the current development trajectory and technology roadmap, X Layer is expected to achieve the following by 2026:

• TVL grows to $150 million (Balancer v3 target)
• Daily active addresses exceed 100,000
• DEX daily trading volume reaches $50 million
• OKX DEX aggregator market share increased to 20%

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.