According to Foresight News, the OKX Web3 team showcased the latest developments in products including OKX Wallet, the DEX trading terminal, and DeFi at the OKX NOW Summit in Singapore. The team said that X Layer, the underlying network of the OKX Web3 ecosystem, continues to grow. DeFi TVL has increased by approximately 11 times this year and hit a record high in September.

ExchangeOS has modularized capabilities such as matching, risk management, margin, and settlement. In the future, the XIP-Exchange OS X Layer Improvement Proposal will enable developers to gradually integrate with shared trading infrastructure and liquidity, making it faster to create on-chain markets. On-chain spot and perpetual markets built on ExchangeOS will soon enter public testing.