OKX unveils ZK layer 2 community X Layer on public mainnet

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OKX introduced right this moment the mainnet launch of X Layer (previously generally known as X1), a ZK layer 2 (L2) community following its testnet launch in This fall final 12 months. Developed utilizing the Polygon CDK, X Layer is designed to ship 100% EVM compatibility, superior efficiency, and powerful safety at low charges.

The community at present helps 4 fashionable crypto wallets, together with OKX Pockets, MetaMask, Particle Community, and imToken. Notably, OKX’s native token, OKB, will probably be used to pay transaction charges on the community, OKX mentioned in its press launch.

X Layer’s superior expertise additionally goals to cut back prices and enhance velocity for tens of millions of customers interacting with on-chain functions, using ZK proofs to boost transaction safety and scalability.

“X Layer is for visionary builders who are creating functions to assist deliver tens of millions of individuals on-chain,” mentioned Haider Rafique, OKX’s Chief Advertising and marketing Officer. “We predict X Layer has limitless potential due to our robust group and its connectivity with different Ethereum-based networks.”

OKX claims X Layer will connect with Polygon’s in depth ecosystem by AggLayer, an answer that goals to attach blockchains collectively to boost total liquidity.

Polygon CEO Marc Boiron remarked on the significance of X Layer and the function of AggLayer. He mentioned:

“X Layer is a monumental subsequent step within the trade’s ambition to construct a really unified Web3. The X Layer’s connection to the AggLayer solves the fragmentation of liquidity and customers throughout chains on the AggLayer to allow them to all develop collectively.”

X Layer has seen explosive development since its November 2023 beta launch. Over 200 web3 dApps, together with fashionable names like The Graph, Curve, QuickSwap, LayerZero, Wormhole, and EigenLayer (DA), deployed on the platform since its testnet going reside.

Transitioning from testnet to mainnet launch, OKX’s X Layer is about to onboard over 50 million customers worldwide into web3. It’s poised to grow to be a central hub for a vibrant and interconnected digital financial system, with the promise of unified liquidity and near-instant transaction finality.

X Layer is built-in with OKX Change and the OKX Web3 Pockets to permit customers to seamlessly bridge property between platforms.

Now that the general public mainnet is reside, OKX is laser-focused on onboarding builders and customers. Its objective is to unlock the complete potential of L2 and ZK applied sciences by fostering a vibrant ecosystem of progressive dApps, empowering creators, and delivering a blazing-fast, cost-effective on-chain expertise.

With X Layer, OKX has sparked L2 competitors amongst main crypto exchanges. Final July, Coinbase launched Base, a L2 constructed on Optimism’s OP Stack. Moreover, Kraken is reportedly constructing its personal L2.

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