According to BlockBeats, on February 11th, Coinglass data showed that Bitcoin's decline has slowed, and it has climbed back above $69,000. Current funding rates on major CEXs and DEXs indicate a generally bearish market. Specific funding rates are shown in the attached chart. BlockBeats Note: Funding rates are fees set by cryptocurrency trading platforms to maintain balance between contract prices and the underlying asset price. They are typically applied to perpetual contracts. It is a mechanism for exchanging funds between long and short traders. The trading platform does not charge this fee; it is used to adjust the cost or profit of traders holding contracts to keep the contract price close to the underlying asset price. A funding rate of 0.01% represents the base rate. A funding rate greater than 0.01% indicates a generally bullish market. A funding rate less than 0.005% indicates a generally bearish market.

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Wu said he learned that according to OKLink data, the number of active addresses on the X Layer network reached 71,400 on September 12th, a record high. Since OKB was upgraded to the X Layer network token, the number of X Layer addresses has increased by over 2.5 million, now exceeding 4 million. The X Layer network has already contributed nearly $1 million in fees to the OKX DEX, second only to BNB Chain among EVM networks.