OKX Unveils $100 Million X Layer Ecosystem Fund: Details

Cryptocurrency exchange OKX is launching a $100 million X Layer, all part of its plan to establish its position in the crypto ￰0￱ Xu, the exchange’s CEO, announced the news on X, insinuating that OKX has a better understanding of how the crypto market operates. $100 Ecosystem Fund For Builders on OKX’s X Layer Xu started his post by stating that “true builders know crypto is a marathon, not a sprint.” He further noted that both OKX and X Layer were designed for the long run and on this premise, they are launching a $100 million Ecosystem ￰1￱ initiative is to provide support to global builders, particularly those busy shaping the next wave of onchain ￰2￱ is an open call for builders who have a long-term vision and are focused on real technology.

“But if your goal is just a quick pump-and-dump token, we’re not the place for you,” the OKX CEO explained on ￰3￱ and Polygon Team Up For X Layer More than a year ago, OKX and Ethereum-based layer-2 protocol Polygon teamed up to officially release the former’s X Layer engine on the ￰4￱ goal of the X Layer network is to improve speed and make Ethereum transactions more affordable for its ￰5￱ this network, users were promised easy interaction with Decentralized Applications (dApps). They can also trade digital assets and participate in various blockchain ￰6￱ X Layer is built using the Polygon Chain Development Kit (CDK) and uses Zero Knowledge (ZK) for ￰7￱ Rafique, the Chief Marketing Officer of OKX, also ￰8￱ noted that the network is designed for forward-thinking creators who are developing applications to onboard millions of people onto the ￰9￱ Brings Major Upgrade to its X Layer It is worth noting that this announcement about the $100 million fund comes almost two weeks after OKX talked about its major upgrade to its X Layer ￰10￱ means that it is transitioning into a public blockchain optimized for payments and Decentralized Finance (DeFi).

This overhaul involves the optimization of the economic model of its OKB Gas ￰11￱ means that OKX will upgrade the OKB smart contract to remove functions for additional issuance and manual ￰12￱ carrying putting action, the total OKB supply will be permanently fixed at 21 million ￰13￱ parallel, OKX will also fade out the OKTChain, with OKT trading scheduled to end at 14:10 (UTC+8) on August 13, 2025.