Layer | Crypto

AFX, a sovereign Layer 1 purpose-built for decentralized derivatives trading, has officially commenced the operation of its L1 Mainnet, signaling a definitive end to the era of trade execution compromised by general-purpose blockchain congestion. Road Town, BVI, May 18, 2026 — AFX, a sovereign Layer 1 purpose-built for decentralized derivatives trading, has officially commenced the operation of its L1 Mainnet, signaling a definitive end to the era of trade execution compromised by general-purpose blockchain congestion. Engineered for the world’ s most demanding participants, AFX introduces the Sovereign Trading Layer—a dedicated financial environment where the non-custodial transparency of a Perp DEX meets the uncompromising speed and depth traditionally reserved for institutional-grade centralized entities. At launch, the protocol supports a high-liquidity suite of perpetual markets across both digital and traditional macro assets, featuring BTC, ETH, Gold (XAU), and Crude Oil (CL), with up to 40x leverage t...

Aave Goes Live on OKX's Ethereum Layer-2 X Layer The post Aave Goes Live on OKX Ethereum Layer-2 X Layer appeared first on Cryptonews.

Ethereum was cheaper than expected in 2020, and rollup decentralization was slower than promised in 2021. Those two realities are forced the ecosystem to rewrite what “a layer-2” is for. Vitalik Buterin's recent post on Ethereum Research bluntly frames the shift: the original vision of layer-2 (L2) blockchains as “branded shards” of Ethereum is no […] The post Ethereum fees are plummeting so fast that Vitalik Buterin says most Layer 2 chains now lack purpose appeared first on CryptoSlate.

The integration marks a key step in the crypto exchange's second-phase rollout, bringing Uniswap’s markets directly to its layer-2 network. Uniswap has launched on X Layer, a layer-2 blockchain built by crypto exchange OKX, becoming the chain’s preferred decentralized exchange as OKX expands its decentralized finance footprint. The integration gives X Layer users access to Uniswap’s markets, including crypto token pairs and liquidity pools, with swaps executed at layer-2 costs and no fees charged by Uniswap Labs, the protocol told Cointelegraph. Launched in 2024, X Layer is OKX's Ethereum Virtual Machine-compatible network, serving as core infrastructure for its DeFi applications. The network is integrated with OKX’s wallet and exchange, allowing users to move assets into the layer-2 network. Read more

Aztec launched Ignition Chain, claiming the first fully decentralized Layer-2 on Ethereum with programmable privacy. The post Aztec Network Debuts First “Fully Decentralized” Layer 2 on Ethereum appeared first on Cryptonews.

Shiba Inu’s Layer 2 network, Shibarium, came under fire on Friday after a coordinated flash loan attack exploited its bridge, draining nearly $3 million. The post Shiba Inu’s Layer 2 Shibarium Targeted in Flash Loan Attack, Nearly $3M Drained appeared first on Cryptonews.

OKX, a cryptocurrency platform, has partnered with Tether, the issuer of the world’s most widely used stablecoin USDT, to bring USDT0, onto X Layer, OKX’s Ethereum Layer 2 network, as well as the OKX Wallet and Exchange. The post OKX Teams Up With Tether to Bring USDT0 to X Layer, Wallet and Exchange appeared first on Cryptonews.

$OKB has climbed on a token burn, a 21M cap, and X Layer’s launch as a gas token. Price has consolidated above $120–$122 and traded near $123 after meeting $130 resistance. OKX has begun OKTChain conversions, while on-chain data has shown ~17,900 holders and high address concentration.   The post $OKB Jumps Over 6% After 65M Token Burn and ‘X Layer’ Launch appeared first on Cryptonews.

OKB skyrocketed after OKX unveiled a 65 million token burn, a fixed 21 million supply and major upgrades to its Polygon-powered X Layer network. OKB, the native token of crypto exchange OKX, gained almost 160% on Wednesday after the platform revealed an overhaul to its blockchain ecosystem and tokenomics, including a major burn. The rally, which briefly pushed OKB (OKB) prices as high as $135 from a daily low of $45, came as OKX confirmed it will conduct a one-time burn of 65,256,712.097 OKB from historical repurchases and treasury reserves. After the burn, the total OKB supply will be fixed at 21 million. OKX also revealed that it will upgrade its zero-knowledge Ethereum Virtual Machine (zkEVM)-based public chain, X Layer, “to build it into a leading public chain with a dedicated focus on DeFi, payments, and real-world asset (RWA) applications.” Read more

The decision is due to declining usage of USDT on these networks over the past two years and as the company moves its focus to newer platforms such as Layer 2s.