In a major industry shift, OKX is betting big on its X Layer blockchain. The exchange has dramatically reduced the supply of its native token OKB and shifted its focus entirely to building this new ecosystem. This move follows a strategy where centralized exchanges are moving away from traditional off-chain models and embracing on-chain solutions like Polygon’s Layer 2 or Ethereum’s upcoming version of L2. OKX’s X Layer is a major competitor in the rapidly growing DeFi space, aiming to become the dominant layer-2 network for decentralized finance applications. The strategy also involves integrating payment services, which will play a key role in attracting more users and solidifying their ecosystem.