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OKX Launches X Layer Mainnet in Partnership with Polygon
OKX has introduced the X Layer public mainnet in collaboration with Polygon, aiming to enhance Ethereum-based transactions for its vast user base.
Features of X Layer Mainnet
- The Layer-2 (L2) network utilizes Zero Knowledge (ZK) for enhanced security.
- Built with the Polygon Chain Development Kit (CDK) to ensure faster and more cost-effective transactions.
- Facilitates shared state and liquidity through the AggLayer across various chains.
X Layer Mainnet Accessibility
The X Layer Mainnet is now open to the public, welcoming creators, builders, and founders to explore its capabilities beyond developers. With over 200 dApps already in development, X Layer offers a seamless experience of the zkEVM L2 network.
Benefits of X Layer
- Scalable transactions with reduced costs through ZK proofs.
- EVM compatibility for easy deployment of Ethereum-based dApps.
Haider Rafique, the Chief Marketing Officer at OKX, emphasized the significance of X Layer for innovators aiming to bring more users into the blockchain space.
According to Rafique, X Layer and other Layer-2 chains serve as the foundational infrastructure of the Web3 world, with dApps acting as marketplaces and self-hosted wallets as the means of access.
X Layer Developer Community
Since its beta launch in November 2023, X Layer has garnered substantial interest, with over 50 web3 dApps already operational within the first week of its testnet release. Notable applications like The Graph, Curve, LayerZero, and others have contributed to the network’s growth and utility.
Users worldwide can now leverage the X Layer network for various activities such as asset transfers, crypto transactions via OKX, and access to a wide range of dApps for swapping, staking, and smart contract interactions.
Industry Impact and Collaboration
Polygon CEO Marc Boiron highlighted X Layer’s role in unifying the Web3 ecosystem and addressing liquidity fragmentation across chains. The connection to AggLayer enables growth and collaboration among users and liquidity providers.
Boiron commended the talented developers working on X Layer and expressed enthusiasm for the continued partnership with OKX to achieve common industry objectives.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
