Exchange OS launches on OKX Xlayer with Glassnode data

Exchange OS launched on May 26 on OKX’s Xlayer, allowing developers to deploy spot trading pairs, perpetual futures contracts and prediction markets on shared infrastructure. Glassnode is named as the protocol’s official onchain data provider.

Xlayer is OKX’s purpose-built layer-2 network. It processes transactions faster and at lower cost than Ethereum’s mainnet while settling final state on Ethereum for security. Hosting Exchange OS on Xlayer gives the protocol lower fees and higher throughput while relying on Ethereum for settlement.

Exchange OS uses a permissionless, builder-first design that removes governance votes and manual listing steps. Any team can create new spot pairs, perpetuals or outcome markets without approval from a central gatekeeper. Markets run on a shared matching engine and order book rather than separate infrastructures.

Glassnode will supply unified onchain, spot and derivatives data to Exchange OS. Market makers, traders and builders on the protocol can access those data feeds in real time for pricing, risk models and market-making tools integrated into venues on the platform.

The launch places Exchange OS in an active market for decentralized perpetuals and prediction trading. One leading prediction market protocol reported about $170.29 billion in 30-day trading volume and roughly $5.53 billion in total value locked. New venues must attract liquidity and market makers to create deep order books and low slippage.

Other infrastructure work is proceeding in the ecosystem, including wallet integrations that support onchain trading of real-world outcome markets. Those developments add routing, custody and interface options for projects that deploy markets on shared platforms.

Xlayer was developed to expand OKX’s engagement with decentralized finance by offering faster, cheaper transaction processing while settling on Ethereum. The core operational challenge for any new exchange remains attracting sufficient liquidity and market makers to sustain active trading across deployed markets.