After OKB reached a historic high, how to participate in this wave of X Layer Meme market?

Written by: @0xJerrrry, Odaily

On August 13, X Layer's official Twitter announced for the first time in nearly four months that it is upgrading the OKB economic model. OKB will become the only native Gas token of X Layer. OKX will conduct a one-time destruction of the historically repurchased and reserved 65,256,712.097 OKB, and will replace it with an automatic destruction of all OKB transferred to the black hole address using smart contracts. After this operation is completed, the manual destruction of OKB will stop, and the total issuance of OKB will be fixed at 21 million.

Subsequently, OKB soared to 142.88 USD, with a peak increase of 208% in a short period, then retraced to a low of 88.1 USDT. As of the time of writing, OKB is currently reported at 111.71 USDT.

According to previous reports, the on-chain assets of the X Layer network increased by $84.89 million in the past 7 days, setting a historic high. On August 16, the number of transactions on X Layer reached 2.05 million, surpassing Ethereum for the first time in history. Additionally, in the past day, the number of user operations per second (UOPS) reached 19.23, growing by over 1000%.

After the surge of the X Layer main coin OKB, the on-chain P player has set their sights on the Meme on X Layer. After all, OKB has only doubled, and buying Meme at the bottom could yield profits of ten times or even a hundred times.

Odaily will introduce some basic commonly used tools and corresponding rules for playing with X Layer in this article.

Launchpad:

DYORSWAP:

DYORSWAP is the first launchpad that supports X Layer. According to the official Twitter, DYORSWAP is a multi-chain decentralized exchange that supports Mode, unichain, ink, soneium, X Layer, and other multi-chains. During the initial revival period of X Layer, DYORSWAP handled all the Meme launches.

The current highest market cap token on the chain, XDOG, was also launched on this platform, reaching a market cap of 16 million USD, and has now fallen to 8 million USD.

At the same time, DYORSWAP is also the first platform to have an internal Bonding Curve function. Unlike the MINT form of other platforms, DYORSWAP's internal market allows for free buying and selling, making it more suitable for hot market PVP.

However, the UI and optimization of DYORSWAP are frustrating, as it often fails to respond when clicked, and even after successfully entering, a refresh is immediately required to trade. Sometimes, the deleted PancakeSwap code can still be seen.

Okay.fun:

In the early hours of yesterday, Okay.fun was launched on X Layer. Perhaps due to the unsatisfactory performance of DYORSWAP, it triggered FOMO immediately after going live. The market value of the token OKAY supported by the platform once surged to a peak of 4.5 million USD, and has now fallen back to around 2 million USD.

According to the official Twitter introduction:

Total token supply: 1 billion pieces;

Mintable quantity: 800 million pieces;

Mint initial market value: 100 OKB ;

Market value after Mint launch: 200 OKB.

A maximum of 1 million can be minted each time, and each wallet can mint multiple times. Each mint incurs a fee of 0.1 OKB. Refunds can be requested at any time before the minting is completed. After minting ends, 40 OKB + 200 million tokens will be added to liquidity on PotatoSwap.

In addition, the founder of the platform is Tongluowan happy brother (@bazingahappy), which is worth following for participating users.

X MINT:

According to the official Twitter introduction:

Mint:

15 minutes before the internal market: everyone minting;

15 minutes later: Enter Bonding Curve dynamic pricing, the price increases with the minting progress;

Refundable at any time (only miner fee, no additional costs);

In the internal market phase, the single Mint limit is 1% of the total raised funds;

Creator Incentives:

Creators can earn a 0.5% trading tax reward daily for 60 days after the token goes live;

Launch completed:

Liquidity automatically migrated to PotatoSwap;

LP token permanent burn (sent to the black hole);

All tokens launched through X MINT have contract addresses that end with 8888.

Its first launched token XMINT reached a peak of 1.1 million USD, and has now fallen back to 500,000 USD.

OK MEME:

OK MEME was launched yesterday and, like DYORSWAP, supports an internal Bonding Curve. Its first token ABC reached a market cap of 400,000 USD, but has now fallen to 200,000 USD, and the platform's popularity has decreased.

SWAP:

PotatoSwap:

PotatoSwap provides liquidity pools for X Layer, which can be recognized by OKX Wallet, allowing users to directly trade Meme coins that have liquidity from its pools on OKX Wallet. Therefore, many launchpads choose to add liquidity on PotatoSwap after the launch.

In addition, PotatoSwap plans to launch its own launchpad, which is expected to be very popular.

DYORSWAP:

If the tokens launched on DYORSWAP cannot be traded on DEX, you might as well try using the official SWAP.

Market Analysis Tools:

Ave.ai:

Ave.ai now supports on-chain data queries for X Layer across all its terminals. Users on Ave.ai's desktop (PC) and Android mobile platforms can directly engage in internal and external trading of X Layer on-chain assets within the platform.

In addition, X Layer external trading can also be conducted through the Ave.ai official Telegram bot @AveSniperBot.

Ave.ai is currently the only DEX that can view the k-line of the X Layer inner disk (although trading is not possible, you can only go to DYORSWAP), which is very helpful for PVP.

OKX Web 3:

OKX Web 3 (DEX) currently only supports external trading. The convenience of OKX's official DEX lies in the smooth wallet switching for trading. At the same time, not long ago, OKX Web 3 launched the automatic confirmation feature on the web. After users turn on the switch, they do not need to confirm again in the wallet when trading on the web.

Conclusion

The X Layer ecosystem is still in its early stages, trading is quite outdated, there is no copy trading, and no internal trading bots.

OKX has not officially supported this round of the Meme market and has not endorsed various launchpads. X Layer has shown a slight cooling off in the past two days, and users still need to DYOR.

Remember, when the market is down, your friends in the group might say to you: "Bro, I’m out of X Layer, there are no eternal banquets in this world, this feast has reached its final moments, the delicacies have long been consumed, and all that’s left are the remnants and cold dishes, a scene of devastation. The smart ones have already eaten their fill and quietly left, while you, still reluctant to leave, are naively hoping for the next delicious main course, only to eventually face the hefty bill for this feast. Someone always has to foot the bill, and this time it’s you."