Original Article Title: "After OKB Hits All-Time High, How to Participate in This X Layer Meme Craze?"

Original Article Author: Jerry, Odaily Planet Daily

On August 13, X Layer's official Twitter account announced after nearly four months of silence that they would be upgrading the OKB economic model, with OKB becoming the sole native Gas token of X Layer. OKX will conduct a one-time historic buyback and burn of 65,256,712.097 OKB previously earmarked for reserve, using a smart contract to automatically burn all transferred OKB to a black hole address. Following this operation, manual OKB burns will cease, and the total OKB supply will be capped at 21 million.

Subsequently, OKB surged to $142.88, with a peak short-term gain of 208%, before retracting to a low of $88.1 USDT. At the time of writing, OKB is trading at $111.71 USDT.

Previously reported, X Layer's on-chain assets grew by $84.89 million in the past 7 days, hitting an all-time high. On August 16, X Layer's transaction count reached 2.05 million, surpassing Ethereum for the first time in history. Additionally, in the past day, transactions per second (TPS) reached 19.23, marking a growth of over 1000%.

Following the sharp rise of X Layer's native coin OKB, on-chain meme traders have set their sights on X Layer memes, as OKB only doubled while bottom-buying memes could yield tenfold or hundredfold profits.

In this article, Odaily Planet Daily will introduce some basic tools and corresponding gameplay rules for engaging with X Layer.

Launchpad:

DYORSWAP:

DYORSWAP is the first launchpad to support X Layer. According to their official Twitter account, DYORSWAP is a multi-chain decentralized exchange that supports Mode, unichain, ink, soneium, X Layer, and other chains. During X Layer's initial revival, DYORSWAP took charge of all meme launches.

The current highest market cap token on-chain, XDOG, is also a sub-platform launch. Its market cap peaked at 16 million USD and has now fallen to 8 million USD.

at the same time

DYORSWAP is also the first platform with an on-chain Bonding Curve feature. Unlike other platforms' MINT form, DYORSWAP's on-chain allows for free buying and selling, making it more suitable for hot cake PvP.

However, DYORSWAP's UI and optimization are headache-inducing. It often cannot be accessed, and when accessed, an immediate refresh is required to trade. Sometimes, remnants of code from PancakeSwap can even be seen.

Okay.fun:

Yesterday morning, Okay.fun was launched on X Layer, perhaps because DYORSWAP was truly unsatisfactory, causing an immediate fomo upon launch. The platform's supported token OKAY's market cap surged to a peak of 4.5 million USD, now falling to around 2 million USD.

According to the official Twitter:

· Total token supply: 1 billion;

· Mintable amount: 800 million;

· Initial mint value: 100 OKB;

· Post-mint launch value: 200 OKB.

Each mint can generate 1 million tokens, multiple mints per wallet, with a minting fee of 0.1 OKB per mint. Refunds are available anytime before minting completion, and after minting, 40 OKB + 2 billion tokens will be added to liquidity in PotatoSwap.

Furthermore, the platform's founder is Causeway Bay's happy brother (@bazingahappy), a figure worth following for participating users.

X MINT:

As per official Twitter:

Mint:

First 15 minutes of on-chain: Universal minting; after 15 minutes: Entry into dynamic pricing using the Bonding Curve, where prices rise with the minting progress;

Refunds available at any time (only mining fee, no additional charge); single mint limit during on-chain phase is 1% of total fundraising;

Creator Incentive:

Within 60 days of token launch, creators can receive a daily 0.5% transaction tax reward;

Launch Completion:

· Liquidity automatically migrated to PotatoSwap;

· LP tokens permanently burned (sent to a black hole);

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

The first token launched, XMINT, reached a peak of $1.1 million, and has since fallen back to $500,000.

OK MEME:

OK MEME was launched yesterday and, like DYORSWAP, supports an on-chain Bonding Curve. Its first token, ABC, reached a peak market cap of $400,000, but has now fallen to $200,000, indicating a decrease in platform popularity.

SWAP:

PotatoSwap:

PotatoSwap provides liquidity pools for the X Layer. Because these pools can be recognized by OKX Wallet, users can directly trade meme coins with these pools on OKX Wallet. Therefore, many launchpads choose to add liquidity to PotatoSwap after their token launches.

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

DYORSWAP:

If tokens launched on DYORSWAP cannot be traded on a DEX, consider trying the official SWAP.

Monitoring Tools:

Ave.ai:

Ave.ai now supports on-chain data queries for the X Layer across all its platforms. Users of Ave.ai desktop (PC) and Android mobile platforms can directly conduct on-chain asset on/off-chain trading on the platform.

Additionally, it is also possible to perform on-chain/off-chain trading for X Layer through the Ave.ai official Telegram bot @AveSniperBot.

As the only DEX that can currently view the X Layer's internal trading pair candlestick chart and support internal trading, Ave.ai is very helpful for PVP.

OKX Web 3:

OKX Web 3 (DEX) currently only supports external trading. The convenience of the official OKX DEX lies in the smooth wallet switching for trading. Additionally, not long ago, OKX Web 3 introduced an auto-confirm feature on the web, allowing users to toggle the switch and trade on the web without the need for additional confirmation within the wallet.

Conclusion

The X Layer ecosystem is still in its early stages, with trading still very primitive, lacking mirror trading, and only a few bots supporting internal trading.

The official OKX did not support this round of Meme market activity, nor did it endorse various launchpads. The X Layer has shown a slight cooling-off trend in the past two days, and users still need to DYOR.

Remember, when the market is down, your group members may tell you at any time, "Bro, I'm out of X Layer. All good things must come to an end. This feast has reached its final moments, the delicacies have long been devoured, leaving only scraps. The wise have already quietly left after getting their fill, while you, still oblivious, are unwilling to leave, fantasizing and eagerly anticipating the next sumptuous main course. Ultimately, you are faced with the enormous bill for this feast, for someone always foots the bill for a feast. This time, it's your turn to pay."

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