Written by: @0xJerrrry, Planet Daily

On August 13, X Layer's official Twitter announced after nearly four months that it would upgrade the OKB economic model, making OKB the only native Gas token of X Layer. OKX will conduct a one-time destruction of 65,256,712.097 OKB from historical buybacks and reserves, and will switch to automatically destroying all OKB transferred to the black hole address via smart contracts. After this operation is completed, manual destruction of OKB will cease, and the total issuance of OKB will be fixed at 21 million.

Subsequently, OKB surged to $142.88, with a peak increase of 208%, before retracing to a low of 88.1 USDT. As of the time of writing, OKB is currently priced at 111.71 USDT.

Earlier reports indicated that the on-chain assets of the X Layer network grew by $84.89 million over the past 7 days, setting a historical high. On August 16, the number of transactions on X Layer reached 2.05 million, surpassing Ethereum for the first time; additionally, in the past day, the number of user operations per second (UOPS) reached 19.23, an increase of over 1000%.

After the surge of the main coin OKB, on-chain P investors are now focusing on memes on X Layer, as OKB has only doubled, and buying memes at the bottom could yield tenfold or even hundredfold profits.

Odaily Planet Daily will introduce some basic commonly used tools and corresponding rules for navigating X Layer in this article.

Launchpads:

DYORSWAP:

DYORSWAP is the first launchpad supporting X Layer. According to the official Twitter, DYORSWAP is a multi-chain decentralized exchange that supports Mode, unichain, ink, soneium, X Layer, and other chains. During the initial revival of X Layer, DYORSWAP handled all meme launches.

The current highest market cap token on the chain, XDOG, was also launched on this platform, reaching a market cap of $16 million, now retracing to $8 million.

At the same time, DYORSWAP is also the first platform with an internal Bonding Curve feature. Unlike the MINT format of other platforms, DYORSWAP allows free buying and selling in the internal market, making it more suitable for hot projects' PVP.

However, the UI and optimization of DYORSWAP can be frustrating, often failing to load, requiring immediate refreshes to trade, and sometimes even displaying undeleted PancakeSwap code.

Okay.fun:

Early yesterday morning, Okay.fun launched on X Layer. Perhaps due to DYORSWAP's shortcomings, it triggered FOMO immediately upon launch. The token supported by the platform, OKAY, saw its market cap rise to a peak of $4.5 million, now retracing to around $2 million.

According to the official Twitter:

• Total token supply: 1 billion;
• Mintable amount: 800 million;
• Initial mint market cap: 100 OKB;
• Market cap after mint ends: 200 OKB.

Each time, 1 million tokens can be minted, and each wallet can mint multiple times, with a fee of 0.1 OKB per mint. Refunds can be requested at any time before minting is completed, and after minting ends, 40 OKB + 200 million tokens will be added to liquidity on PotatoSwap.

Additionally, the founder of this platform is Happy Brother from Causeway Bay (@bazingahappy), worth following for interested users.

X MINT:

According to the official Twitter:

Mint:

First 15 minutes of internal trading: everyone mints together;

After 15 minutes: enters Bonding Curve dynamic pricing, with prices rising as minting progresses;

Refunds can be requested at any time (only miner fees, no extra costs);

During the internal phase, the single mint limit is 1% of total raised funds;

Creator incentives:

Within 60 days after the token goes live, creators can earn 0.5% of transaction tax rewards daily;

After launch completion:

Liquidity is automatically migrated to PotatoSwap;

LP tokens are permanently destroyed (sent to the black hole);

All tokens launched through X MINT will have contract addresses ending in 8888.

The first token launched, XMINT, peaked at $1.1 million, now retracing to $500,000.

OK MEME:

OK MEME launched yesterday, supporting internal Bonding Curve like DYORSWAP. Its first token, ABC, reached a market cap of $400,000, now retracing to $200,000, with platform interest already declining.

SWAP:

PotatoSwap:

PotatoSwap provides liquidity pools for X Layer. Since this liquidity pool can be recognized by OKX Wallet, users can trade meme coins with its pool directly on OKX Wallet, leading many launchpads to choose to add liquidity on PotatoSwap after launching.

Additionally, PotatoSwap plans to launch its own launchpad, which is expected to be very popular.

DYORSWAP:

If tokens launched on DYORSWAP cannot be traded on DEX, it may be worth trying the official SWAP.

Market Monitoring Tools:

Ave.ai:

Ave.ai now supports data queries for X Layer on all its terminals. Users on the Ave.ai desktop (PC) and Android mobile can directly trade X Layer on-chain assets within the platform.

Additionally, users can conduct external trading for X Layer through the Ave.ai official Telegram bot @AveSniperBot.

As the only DEX currently able to view X Layer internal K-lines (though trading is not possible, users must go to DYORSWAP), Ave.ai is very helpful for PVP.

OKX Web 3:

OKX Web 3 (DEX) currently only supports external trading. The convenience of OKX's official DEX lies in the smooth wallet switching for trading. Recently, OKX Web 3 introduced an automatic confirmation feature on the web. Once users turn on the switch, they do not need to confirm again in the wallet when trading on the web.

Conclusion

The X Layer ecosystem is still in its early stages, and trading remains quite retro, lacking copy trading and internal trading bots.

OKX has not supported this round of meme market and has not endorsed various launchpads. X Layer has shown slight signs of cooling down in the past two days, and users still need to DYOR.

Remember, during market downturns, your friends might tell you: "Bro, I'm out of X Layer. There’s no feast that doesn’t end; this banquet has reached its final moments. The delicacies have long been consumed, leaving only leftovers and a mess. The wise have already eaten their fill and quietly left. You, still reluctant to leave, fantasize about the next delicious main course, only to be met with the hefty bill for this feast. Someone always has to foot the bill, and this time it’s you."

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