X Layer: OKX Introduces Its Own Ethereum Layer 2 Network on Public Mainnet
On April 15th, cryptocurrency exchange OKX launched X Layer, an Ethereum-based zero-knowledge Layer 2 network built using Polygon’s chain development kit (CDK). It opened the X-Layer Mainnet to the public, making it accessible to everyone, not just developers.
Hiya creators, builders, founders 👩💻👨💻
🚨 We're opening X Layer Mainnet to the Public 🚨
With +200 dApps building, X Layer is now accessible to everyone, not just developers.
Experience the power & security of our zkEVM L2 network firsthand.
Start building:… pic.twitter.com/K59dg0sJrG
According to an official message from OKX Chief Marketing Officer Haider Rafiqu, he explained that the firm launched the public mainnet of our Layer-2 (L2), X LAYER, built with more than 200 dApps across the network.
He pictures on chain developers using the X-Layer and its infrastructure to create new "Layers" for a multitude of use cases, highlighting that it is built to be versatile, not restricting innovation to a single use case.
He further explained the importance of XLAYER integration with OKX Exchange (CEX) and the OKX Web3 Wallet. It can help users seamlessly bridge assets from the two platforms to LAYER to interact with the DApps deployed on the network.
With thousands of developers actively building on the network during the testnet stage, it was confirmed that the X Layer provides faster, cheaper transaction capabilities when interacting with on-chain applications.
The current applications building on the network include 40 DeFi, 20 Infra,16 Wallets, 12 Bridge, 10 NFT and Gaming, 10 SocialFi, 5 Growth Tools, and several others. A few of Web3's most popular dApps building on X-Layer are—Curve, Renzo, QuickSwap, LayerZero, Wormhole, and EigenLayer (DA).
Additionally, the exchange’s native OKB token will be used for gas payments on the Layer-2 network. OKX's launch of its X-Layer Public Mainnet to bring its 50 million users on-chain has triggered a positive surge in OKB’s value.
OKX's objective is to make it cheaper and faster for millions of users through its Zero-Knowledge Proof (ZK), the underlying technology used by various Ethereum layer-2 networks for improved security and scalability.
The company’s aim is not to compete with the likes of Coinbase but to add value by providing a seamless and efficient experience on-chain and to encourage and facilitate new innovations based on L2 and ZK technologies.
The purpose of building the X layer focuses on building easy-to-use on-chain decentralized applications, a cheaper, faster on-chain experience, and empowering builders and creators.
Chief Executive Officer of Polygon, Marc Boiron, explained the significance of X Layer and the monumental next step in the industry's ambition to build a truly unified Web3. Connecting X layer to the AggLayer allows all users across chains on the AggLayer to grow together while solving the problem of liquidity fragmentation.
With 50 million users on the OKX platform, it is now an easy path to onboarding to X Layer and all the other chains connected to the AggLayer. He concluded: The impressive number of talented developers already building on X Layer is a testament to the significance of the network.
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