In May, OKX Boost sustained the momentum established in Q1, evolving into a critical launchpad that bridges high-quality projects with active user bases. The platform functions as a transparent, low-barrier entry point, serving as a strategic testing ground for projects prior to their integration into OKX's primary liquidity markets. Data compiled by Woofun AI indicates that the introduction of the X Stake feature and deeper ecosystem integration with X Layer significantly enhanced user returns during this period. The month saw 10 X Launch campaigns executed, with an average participation of 27,850 users per campaign, representing a 39% increase from the approximately 20,000 participants recorded in Q1. The total reward pool for these campaigns reached $5.57 million, with the average allocation per project rising to roughly $557K from $500K in the previous quarter. Notable high-value allocations included $700K each for NEXST and edgeX, $650K for Billions, and $613K for AntFun, driving an average gain of $200 USDT per participant.

The surge in both participation volume and individual returns was primarily catalyzed by the new X Stake incentive program and enhanced synergy with the X Layer ecosystem. Starting May 12, OKX DEX users trading tokens on X Layer received an additional 20% boost to their Boost trading volume, directly incentivizing deeper engagement. Woofun AI notes that this structural adjustment successfully attracted incremental users while improving overall capital efficiency within the platform. The performance metrics demonstrate a clear shift in user behavior, where the combination of staking incentives and trading volume multipliers created a more robust environment for early-stage project discovery. This mechanism not only increased the liquidity available to new projects but also provided users with more diverse avenues to capture value before main-market listings.

Transparency emerged as a defining characteristic of the May cohort, with RootData ratings revealing that over 70% of the projects outperformed 70% of all projects on the platform regarding disclosure standards. More than 40% of the campaigns ranked within the top 4% for transparency, and 30% achieved an A-grade rating, placing them in the top 3%. This stands in stark contrast to the broader market, where RootData's April report indicated that fewer than 1% of nearly 20,000 listed projects reached A-grade status. The significantly higher concentration of high-transparency projects among May's Boost campaigns underscores the rigorous screening standards applied by OKX. Projects such as Billions, Sentio, edgeX, and Pieverse delivered balanced, strong performance across basic information, operational metrics, financial performance, and disclosure activity, with key dimensions often scoring in the high 50–90% range.

The correlation between high transparency and successful market integration was further validated by graduation rates. As of May 28, four out of the 10 X Launch projects had successfully graduated by listing on OKX's perpetual futures or spot market, achieving a 40% graduation rate.

Notably, edgeX and Pieverse had already listed on OKX prior to their Boost participation, indicating the program's ability to attract projects with existing main-market liquidity. Excluding these two, the graduation rate for new projects stood at 25%, a figure expected to rise with a longer observation window of 1–3 months. Woofun AI analysis suggests that the acceleration in listing support is a direct response to the quality of early-stage projects, with the fastest graduations occurring in just 3 days, a significant improvement over Q1 timelines. Three of the four graduated projects held A-grade transparency scores, reinforcing the link between disclosure quality and exchange support.

Sector distribution in May highlighted the dominance of the AI narrative, with AI+Crypto projects comprising 50% of the Boost campaigns. RWA and DeFi sectors followed, each accounting for 20% of the total. The AI narrative expanded beyond core infrastructure into wallets, entertainment, and data networks, while RWA continued to receive strong platform focus. In terms of user engagement, social and entertainment projects led participation metrics. Arena Two topped the list with 32,800 participants, followed by the RWA project Collect on Fanable with 30,700 participants. AI projects NEXST and Sentio also recorded strong engagement levels, reflecting the market's appetite for innovative applications in these sectors. The diversity of narratives suggests a maturing ecosystem where users are exploring various verticals beyond traditional DeFi primitives.

Looking ahead, the data from May signals a maturation of the OKX Boost mechanism, characterized by higher average user returns and improved capital efficiency through X Stake and X Layer integration. The platform is increasingly becoming a key channel for users to capture early Alpha, while simultaneously serving as a vital window for observing capital flows, narrative shifts, and liquidity dynamics in the Web3 primary market. The strong correlation between high transparency and main-market liquidity support further validates the strategic importance of rigorous project vetting. As OKX continues to refine its mechanics and focus on quality projects, the Boost program is poised to remain a central hub for identifying promising opportunities and understanding the evolving landscape of digital asset launches.