Blockchain analytics platform Dune has integrated X Layer, which is described as the high-performance Ethereum Layer 2 network developed by crypto exchange OKX. This milestone makes all on-chain activity from X Layer fully accessible, queryable, and visualizable on Dune, enhancing transparency for developers, users, and analysts.
X Layer, built on an enhanced Optimism Stack, delivers full EVM equivalence, enabling seamless deployment of Ethereum applications without modifications.
It features technical capabilities, including up to 5,000 transactions per second, one-second block times, and negligible gas fees.
The network uses OKB as its native gas token and achieves 99.9% uptime through reliable conductor clusters.
It also integrates with solutions like AggLayer for improved cross-chain functionality, positioning it as a scalable, cost-effective environment for decentralized applications.
With this Dune integration, users can now track essential metrics such as transaction volumes, network throughput, contract deployments, gas usage, bridge deposits and withdrawals, ecosystem growth indicators, and validator performance.
This open data access empowers builders to monitor network health, identify trends, and make data-driven decisions.
Jason Lau, Chief Innovation Officer at OKX, noted, transparency remains central to the ecosystem, and Dune’s tools provide clear, visual insights into performance and growth.
In parallel, the DeFi sector is experiencing a notable recalibration in project valuations, as illustrated by the recent Infinex INX token sale.
Infinex, a cross-chain DeFi aggregation platform founded by Synthetix creator Kain Warwick, conducted a public sale via the Sonar platform in early January.
The offering involved 5% of the INX token supply at a fully diluted valuation (FDV) of $99.99 million—significantly lower than earlier implied figures from Patron NFT sales, which suggested higher expectations.
Despite adjustments including a reduced fundraising target (initially aiming higher but settling around $5 million), removal of per-wallet caps, and fair allocation mechanics, the sale raised only about $3.2 million from roughly 650 participants.
Tokens came with a one-year lock-up, though an early unlock option was available at a premium.
This underwhelming outcome underscores a broader valuation reset in DeFi.
Market participants increasingly demand demonstrated utility, sustainable cash-flow mechanisms, and realistic tokenomics over hype-driven or reputation-based pricing.
Projects without clear on-chain monetization or strong product traction face skepticism, contrasting with previous cycles where brand appeal often commanded inflated multiples.
The Infinex case highlights the need for tighter issuance strategies, better alignment between token mechanics and actual usage, and credible revenue models to succeed in today’s more discerning environment.
These updates reflect ongoing maturation in the crypto space: infrastructure layers like X Layer gain robust analytical support for growth, while token launches adapt to stricter valuation discipline amid evolving investor expectations.