OKX Web3 disclosed that it will use XIP open trading infrastructure and shared liquidity, with on-chain markets planned for public beta testing
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AT A GLANCE
OKX Web3 said it will use XIP open ExchangeOS infrastructure and shared liquidity, with on-chain spot and perpetual markets about to enter public beta testing.
Article
OKX Web3 will use XIP open trading infrastructure and shared liquidity to launch public beta testing of on-chain markets
PANews October 6 reported that at the Singapore OKX NOW summit,OKX Web3 team showcased the latest progress of its OKX Wallet、DEX trading terminal and products such as DeFi. According to the team, as the underlying network of the OKX Web3 ecosystem, the X Layer ecosystem has continued to grow, increasing by approximately DeFi TVL this year and reaching a historic high on 11 times,September. Among them,ExchangeOS has packaged capabilities including matching, risk control, margin, and settlement into modular components. In the future, it will use XIP-Exchange OS a X Layer improvement proposal to support developers in gradually connecting to shared trading infrastructure and liquidity, enabling them to create on-chain markets more quickly. On-chain spot and perpetual markets based on ExchangeOS are about to enter public beta testing.
PANews reported that at the October 6 Singapore OKX NOW summit, the OKX Web3 team showcased OKX Wallet、DEX trading terminal and DeFi the latest progress of other products.
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According to the OKX Web3 team, the X Layer ecosystem's DeFi TVL growth this year was approximately 11 times, and it September reached a historic high.
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ExchangeOS has packaged capabilities including matching, risk control, margin, and settlement into modular components.
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OKX Web3 The team said that in the future it will use XIP-Exchange OS to support developers in gradually connecting to shared trading infrastructure and liquidity.
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Based on ExchangeOS its on-chain spot and perpetual markets are about to enter public beta testing.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
ExchangeOS turned trading capabilities such as matching, risk control, margin, and settlement into modules. According to the plan announced by the team, developers will be able to gradually connect to this infrastructure and shared liquidity through XIP-Exchange OS in the future for creating on-chain markets.
Why it matters to readers
If the relevant proposal and integration plan are implemented, developers will be able to use ready-made trading components and shared liquidity to create on-chain markets; the original text currently only clearly states that these capabilities will be opened up and that spot and perpetual markets are about to enter public beta testing.
Beginners may pay attention to whether public beta testing officially begins, the scope of participation, and whether the relevant functions are actually opened up; until this information is clear, the plan should not be considered implemented.
Risks and unknowns
XIP-Exchange OS the formal release date, review status, and implementation timeline were not disclosed.
The specific date, scope of participation, and rules for public beta testing of the on-chain spot and perpetual markets were not disclosed.
The actual number of developers integrated, the scale of shared liquidity, and actual trading volume are unknown.
DeFi TVL growth of approximately 11 times and September reaching a historic high were based on the team's introduction; the original text did not provide the calculation methodology or independent verification materials.
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