3 Days 100x! XLayer Attracts Wide Attention Again, DyorSwap May Be the Biggest Winner

Introduction

On August 13, OKX officially announced that it would strategically upgrade X Layer, aiming to establish it as a leading public chain focused on DeFi, payments, and RWA scenarios, and significantly burn OKB, with the total supply fixed at 21 million tokens. The OKB token of the XLayer public chain surged three times within one hour, sparking market discussions.

The previous article has already analyzed in detail OKX's strategic upgrade:

"OKX's New Efforts, What Opportunities Does the New Public Chain Xlayer Have?" https://www.chainthink.cn/article/33810

DyorSwap Urgently Lists on Token Launch Platform, TVL Surges 100 Times in 3 Days

After OKX announced its strategic upgrade, the original XLayer DEX DyorSwap urgently listed on the token launch platform. After the price of OKB broke above $100, funds began to flood into the XLayer chain, with DyorSwap being the first to receive the influx. According to data from Defillama, the platform's TVL increased over 100 times within three days.

Ecological Coldness, MEME First, Leading MEME Token XDOG Quickly Reaches 10M Market Cap

From on-chain data, the total TVL of XLAYER has been declining since its high point of 10M last year, stabilizing around 5M. Even after the recent positive news, XLayer's data still ranks after 120th on the entire chain, showing poor performance and a cold ecosystem. Key DeFi facilities such as lending and derivatives are lacking, and cross-chain infrastructure is also insufficient. The ecosystem is underdeveloped with huge growth potential. However, with OKX's announcement of the strategic upgrade for XLayer, the ecosystem may receive official support. As the world's second-largest cryptocurrency exchange, OKX has over 60 million users. If the official supports the on-chain ecosystem, a massive amount of capital will flow in, meaning early builders will enjoy significant benefits.

DyorSwap seized the short-term opportunity by focusing on the first launched MEME coin, XDOG. Within three days, it surged over 100 times, breaking through a market cap of 10 million from the internal market, creating a wealth effect and attracting MEME players to enter. This not only marked the first success for XLayer but also brought a hundredfold increase in TVL for the platform, with more than 20 graduation tokens in a single day.

ChainThink reminds users that on-chain MEME coins have high volatility, please pay attention to risk control.

Summary:

OKX's new strategic upgrade might be laying out a big plan. Combined with its recent messages about compliance listings, it may layout an innovation similar to Binance ALPHA. In the future, it may bring a new narrative to the Web3 industry, offering ample opportunities. DyorSwap seized the initiative, first positioning itself as a MEME token launch platform, using the wealth effect to attract attention, successfully achieving a hundredfold growth. It may be the biggest winner in the short term due to the strategic upgrade of OKB.

Author: Sakura, ChainThink

Editor: Charlie, ChainThink