OKX Web3 used the OKX NOW Summit in Singapore to outline the latest progress across its product suite, including OKX Wallet, its DEX trading terminal and DeFi offerings. The team said X Layer, the base network underpinning the OKX Web3 ecosystem, has continued to expand, with DeFi total value locked rising by about 11x this year and reaching an all-time high in September. It also detailed how ExchangeOS has packaged core exchange functions such as matching, risk control, margin and settlement into modular components. Through the proposed XIP-Exchange OS upgrade on X Layer, developers will be able to connect step by step to shared trading infrastructure and liquidity, which OKX says should speed up the creation of onchain markets. The team added that spot and perpetual markets built on ExchangeOS are set to enter public testing soon.
At the OKX NOW Summit in Singapore, the OKX Web3 team presented the latest updates on products including OKX Wallet, its DEX trading terminal and DeFi offerings.
According to the team, the X Layer ecosystem, which serves as the underlying network for the OKX Web3 ecosystem, has kept growing. DeFi total value locked, or TVL, has increased by about 11x this year and hit a record high in September.
XIP-Exchange OS to open trading infrastructure in stages
The team said ExchangeOS has already packaged functions including matching, risk control, margin and settlement into modular components. Through XIP-Exchange OS, an improvement proposal for X Layer, developers will be able to gradually tap into shared trading infrastructure and liquidity and build onchain markets more quickly.
Public test for spot and perpetual markets is coming
OKX Web3 also said onchain spot and perpetual markets built on ExchangeOS will enter public testing soon.
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