OKX X Layer Ecosystem TVL Milestone and Subsequent Actions Announced
OKX's related accounts stated that the X Layer ecosystem has reached an important milestone of $2.1 billion, but the true long-term value lies in more real assets, applications, and users creating value on-chain.
Zakk posted that after a two-week absence, all designs aimed at boosting the X Layer ecosystem are ready, with plans to launch related actions such as TVL, RAW, DeFi, and MEME one by one in mid-August. The X Layer DeFi TVL has surpassed $100 million, growing nearly tenfold in six months, and the issuance scale of stablecoins exceeds $2 billion.
This signals the expansion of the exchange's Layer 2 ecosystem, shifting focus towards liquidity accumulation and the introduction of real demand. Ecosystem projects and users will benefit from subsequent incentives and activities, while competing chains face pressure from OKX's resource allocation.
Source: Public Information
ABAB AI Insight
X Layer, as an Ethereum Layer 2 promoted by OKX, achieves rapid growth in TVL and stablecoins by integrating protocols like Aave and Uniswap. The account emphasizes the shift from TVL figures to real assets and users, indicating an intention to transition from liquidity-driven to a sustainable ecosystem.
In terms of capital flow, the exchange's resources and wallet traffic are directly directed onto the chain, forming a closed loop. The motivation is to convert trading users into active on-chain participants, enhancing overall platform stickiness and capturing value beyond transaction fees.
Similar to the early sprint paths of other exchange public chains/L2s, it is currently in the stage of "validating real usage after digital milestones."
Essentially, this is a reconstruction of the industry chain: the traffic from centralized exchanges is migrating to their own on-chain ecosystems, with the mechanism directing user assets from custodial accounts to on-chain applications.
ABAB News · Cognitive Laws
TVL is the starting point, real users are the endpoint
The exchange's chain ultimately competes on its ability to retain traffic on-chain
After the milestone, actions are more important than numbers