OKX, a leading cryptocurrency exchange, has officially launched X Layer (formerly known as X1), a ZK layer 2 (L2) network, on the public mainnet. Following its successful testnet launch in Q4 of the previous year, X Layer, developed using the Polygon CDK, promises 100% EVM compatibility, high performance, and robust security at minimal fees.
X Layer: Enhancing On-Chain Transactions with ZK Proofs and OKB Integration
X Layer currently supports four popular crypto wallets, including OKX Wallet, MetaMask, Particle Network, and imToken. Transaction fees on the network will be paid using OKX's native token, OKB. The advanced technology of X Layer utilizes ZK proofs to enhance transaction security and scalability, aiming to reduce costs and increase speed for millions of users interacting with on-chain applications.
OKX's X Layer and Polygon Forge Alliance: Uniting Web3 for Interchain Growth
Haider Rafique, OKX’s Chief Marketing Officer, emphasizes X Layer's potential to connect millions of users to on-chain applications, thanks to its strong community and connectivity with other Ethereum-based networks. X Layer will integrate with Polygon’s ecosystem through AggLayer, addressing liquidity fragmentation and enabling growth across chains.
Polygon CEO Marc Boiron highlights the significance of X Layer and its connection to AggLayer in building a unified Web3, fostering liquidity, and facilitating growth across chains.
X Layer's Mainnet Milestone: Empowering Web3 Adoption and Interconnectivity
Since its beta launch in November 2023, X Layer has experienced rapid growth, attracting over 200 web3 dApps, including well-known platforms like The Graph, Curve, QuickSwap, LayerZero, Wormhole, and EigenLayer (DA). With the transition from testnet to mainnet, X Layer aims to onboard over 50 million users worldwide into web3, serving as a central hub for a vibrant and interconnected digital economy.
X Layer is seamlessly integrated with OKX Exchange and the OKX Web3 Wallet, allowing users to bridge assets between platforms effortlessly.
OKX's Push for L2 Adoption: X Layer Launch Sparks Competition Among Crypto Exchanges
With the public mainnet live, OKX is focused on onboarding developers and users to unlock the full potential of L2 and ZK technologies, fostering innovation and delivering a fast, cost-effective on-chain experience. X Layer's launch sparks competition among major crypto exchanges in the L2 space, with Coinbase launching Base on Optimism’s OP Stack and Kraken reportedly developing its own L2 solution.
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