UXLINK has launched its decentralized AI social protocol, X-Agent, and opened it for community testing as part of its Q1 2026 business update. The company also completed a 1% buyback of UXLINK tokens, depositing them into a strategic reserve wallet. During the first quarter, over 20 new Web3 projects joined the UXLINK ecosystem, with combined team and community staking surpassing 4% of the total supply. The report highlighted challenges due to market downturns, which led to declines in fully diluted valuation (FDV), market cap, and trading volume. Additionally, reduced liquidity in the Korean market added pressure. UXLINK plans to focus future growth efforts on the X-Agent protocol.