Uniswap becomes preferred DEX on OKX’s X Layer

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.

X Layer, launched in 2024, is OKX's Ethereum Virtual Machine-compatible network and is integrated with OKX’s wallet and exchange, allowing users to move assets into the layer-2 network. Uniswap is one of the largest and most widely used decentralized exchanges, reporting about $4.4 billion in total value locked at this writing, according to DefiLlama.

Uniswap Labs founder Hayden Adams said the new integration will give Uniswap "increased activity and liquidity." According to OKX founder and CEO Star Xu, the integration is a "core pillar of phase two" of the company’s three-phase rollout, which focuses on integrating major DeFi protocols and reinforcing core infrastructure.

The launch follows a broader industry shift of exchanges building or connecting to layer-2 chains to link onchain activity with centralized user bases.

Key Topics

Crypto, Uniswap, X Layer, Okx, Uniswap Labs, Hayden Adams