Exchange OS launched on OKX’s Xlayer on May 26, enabling developers to deploy spot and perpetual futures markets and prediction markets using shared infrastructure. The protocol is permissionless and builder-first, allowing market creation without approval from a central gatekeeper. Glassnode joined as the official onchain data provider, supplying unified onchain, spot, and derivatives data to the Exchange OS ecosystem. Xlayer is OKX’s purpose-built L2 network that processes transactions faster and at lower cost than Ethereum mainnet while settling final state on Ethereum for security. Hosting Exchange OS on Xlayer positions the platform as permissionless DeFi infrastructure built on Ethereum’s security layer.
"Exchange OS launched on OKX’s Xlayer on May 26, enabling anyone to deploy spot and perp markets. Glassnode joined as Exchange OS's data provider, supplying onchain and derivatives data to Xlayer. The permissionless protocol enters a space led by Hyperliquid, which recorded $170.29B in monthly volume recently."
"Exchange OS is a permissionless, builder-first protocol, meaning any developer or project can deploy their own spot trading markets, perpetual futures contracts, and prediction markets on top of the platform's shared infrastructure without requiring approval from a central gatekeeper. The protocol designates Glassnode as its official onchain data provider, supplying unified onchain, spot, and derivatives data to the Exchange OS ecosystem."
"Glassnode will power the data layer that market makers, traders, and builders rely on across Exchange OS venues, giving the platform institutional-grade data infrastructure from launch. Xlayer is OKX's purpose-built L2 network, designed to expand the exchange's reach into decentralized finance (DeFi). As an L2, Xlayer processes transactions faster and at lower cost than Ethereum's mainnet while settling final state on Ethereum itself, inheriting its security guarantees."
Read at news.bitcoin.com
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