Exchange OS Goes Live on OKX’s Xlayer With Glassnode Data, Opens Market Building to Any Developer

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A permissionless speech protocol called Exchange OS has gone unrecorded connected OKX’s Xlayer network, allowing immoderate developer to deploy spot markets, perpetual futures, and prediction markets connected shared infrastructure, with Glassnode serving arsenic the authoritative onchain information provider.

Key Takeaways

Exchange OS launched connected OKX’s Xlayer connected May 26, enabling anyone to deploy spot and perp markets.
Glassnode joined arsenic Exchange OS’s information provider, supplying onchain and derivatives information to Xlayer.
The permissionless protocol enters a abstraction led by Hyperliquid, which recorded $170.29B successful monthly measurement recently.

Glassnode Powers Exchange OS Launch connected OKX’s Xlayer

Onchan analytics supplier Glassnode confirmed connected May 26, that Exchange OS has launched connected Xlayer, the L2 built by crypto speech OKX. Exchange OS is simply a permissionless, builder-first protocol, meaning immoderate developer oregon task tin deploy their ain spot trading markets, perpetual futures contracts, and prediction markets connected apical of the platform’s shared infrastructure without requiring support from a cardinal gatekeeper.

The protocol designates Glassnode arsenic its authoritative onchain information provider, supplying unified onchain, spot, and derivatives information to the Exchange OS ecosystem. Glassnode volition powerfulness the information furniture that marketplace makers, traders, and builders trust connected crossed Exchange OS venues, giving the level institutional-grade information infrastructure from launch.

Xlayer is OKX’s purpose-built L2 network, designed to grow the exchange’s scope into decentralized finance ( DeFi). As an L2, Xlayer processes transactions faster and astatine little outgo than Ethereum’s mainnet portion settling last authorities connected Ethereum itself, inheriting its information guarantees.

By hosting Exchange OS connected Xlayer, OKX has signaled its continued committedness to gathering permissionless DeFi infrastructure connected apical of Ethereum’s information layer, a strategy that positions Xlayer arsenic a broad onchain fiscal hub beyond conscionable a elemental span for OKX users.

Permissionless Market Creation Targets Perps and Prediction Trading

The permissionless exemplary is what distinguishes Exchange OS from astir existing decentralized exchanges, wherever adding a caller trading brace oregon launching a caller marketplace benignant typically requires governance support oregon a manual listing process. Under Exchange OS, immoderate squad tin rotation up spot, perpetual, oregon result markets connected demand.

This mirrors what Uniswap pioneered for spot liquidity successful earlier cycles, but extends the exemplary to perpetual futures and prediction markets, 2 merchandise categories with importantly higher volume potential.

The motorboat arrives arsenic contention successful the decentralized perpetual futures abstraction intensifies, fixed that Hyperliquid besides announced contiguous a prediction market expansion, presently dominating the class with $170.29 cardinal successful 30-day trading volume and $5.53 cardinal successful TVL.

Exchange OS’s builder-first plan could pull projects seeking to bootstrap customized markets without centralized gatekeepers, though attracting meaningful liquidity from scratch remains the halfway situation for immoderate caller trading venue. For Glassnode, the concern embeds its information products straight into a unrecorded trading protocol alternatively than limiting them to standalone subscriptions.

Bitcoin.com News besides reported today that Binance Wallet integrated a level called ‘Event Rush’ into its model for onchain trading of real-world outcomes, a parallel improvement that mirrors however rapidly the largest crypto ecosystems are moving to seizure prediction market and result trading volume successful 2026.

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