X Layer: OKX Launches Ethereum Layer-2 Network on Public Mainnet
OKX, a leading global crypto exchange and Web3 technology company, has announced the launch of its Ethereum-based layer-2 scaling network, X Layer, on its public mainnet. Built using Polygon‘s Chain Development Kit (CDK), X Layer aims to provide faster and cheaper transactions than Ethereum’s mainnet while leveraging the power of zero-knowledge (ZK) technology. TLDR OKX has launched the public mainnet of its Ethereum-based layer-2 scaling network, X Layer, built using the Polygon CDK. X Layer is one of the first to utilize Polygons AggLayer, which aims to unify liquidity and user experience across multiple chains. The launch of X Layer positions OKX as a competitor to other major crypto exchanges like Coinbase and Kraken, which have also pursued their own layer-2 networks. X Layer currently provides users access to over 170 decentralized applications (dapps), with plans to expand the ecosystem significantly. OKX has integrated X Layer with its Web3 Wallet, enabling users to view, transfer, and trade X Layer assets on OKXs DEX and NFT Marketplace. The launch of X Layer positions OKX as a direct competitor to other major crypto exchanges, such as Coinbase and Kraken, which have also pursued their own layer-2 networks over the past year. Coinbase‘s Base blockchain, launched in August 2023, is built