OKX Advances X Layer Amid New Incentives and Developments

Zakk Wang, OKX Wallet’s product manager, emphasized X Layer’s significance for OKX Web3 at a New Year’s event in 2026.

X Layer’s strategic importance lies in enhancing transaction efficiency and DeFi capabilities, driving industry momentum by facilitating broader project implementation and engagement.

X Layer Innovations: Eliminating Gas Fees and Increasing TPS

Zakk Wang’s announcement regarding the X Layer’s progression highlights technological advancements crucial for Web3’s evolution. OKX’s focus on stabilizing performance, enhancing DeFi, and asset development aligns with industry goals. The introduction of incentive funds, starting with an X Layer hackathon, is aimed at fostering community and university engagement towards genuine industry contributions.

X Layer’s advancements bring notable changes, such as virtually eliminating transaction gas costs and boosting TPS to unprecedented levels. These modifications underscore the technology’s commitment to promoting high performance while maintaining stability and low costs. The structure involves limiting ecosystem “homogenization” and focusing on unique developments, such as new on-chain use cases and improved payment systems.

Market reactions have largely been positive, although no groundbreaking statements from industry leaders have surfaced. Expectations are high as the planned hackathon event is set to pave the way for novel projects. Key reactions from stakeholders emphasize the potential impact on the broader DeFi and payment landscapes.

OKB Price Trends Despite X Layer Momentum

Did you know? X Layer’s ongoing enhancement reflects a strategic shift within OKX towards streamlined DeFi solutions, inspired by similar transformations during significant block generation speed improvements historically in 2023.

OKB currently stands at $103.20 with a market cap of $2.17 billion, according to CoinMarketCap. The trading volume reached $13.89 million in the past day, declining by 5.26%. Over three months, OKB experienced a 38.63% price decrease, demonstrating volatility. The token’s circulating supply is pegged at 21 million.

Experts from Coincu indicate potential technological advancements for OKX as it continues to push X Layer forward. The development strategy emphasizes enhanced DeFi functionality and seamless payment integrations, positioning OKX to leverage the evolving Web3 ecosystem effectively.