X Layer launches onchain Perp and Spot markets via Exchange OS

October 16, 2026

X Layer, OKX's Ethereum Layer 2, launched onchain Perps and Spot markets on Exchange OS, a permissionless protocol upgrade that lets developers, institutions, and ecosystem participants deploy custom spot, perpetual, and outcome markets on shared infrastructure.

Powered by OKX's high-performance stack (up to 300,000 TPS), Exchange OS lets anyone launch a trading venue without rebuilding technology from scratch
Glassnode is supporting X Layer as the onchain data provider, per the announcement
In the same thread, Optimism noted that ether.fi has paid out $25M in cashback to its card holders

Sources

@XLayerOfficial launches onchain Perps and Spot markets on Exchange OS. https://t.co/zXjdT1nunC Replying to their earlier post: @ether_fi gave out $25M in cashback to card holders. https://t.co/zbBU0m6pZnx.com ↗

Optimism

Fast, stable, scalable Ethereum.

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X Layer launches onchain Perp and Spot markets via Exchange OS — Outposts