A prominent crypto exchange, OKX launched X Layer on the public mainnet, aiming to onboard its 50 million users onto the blockchain.
X Layer’s public mainnet, powered by zero-knowledge proofs, went live on April 15, leveraging Polygon’s tech for faster, cheaper transactions across blockchains. This tech, known for enhancing security and scalability, makes X Layer appealing to Ethereum developers, as it’s EVM-compatible, streamlining app migration.
OKX’s CMO, Haider Rafique, foresees layer-2 networks like X Layer as pivotal for Web3’s growth, citing its potential to connect diverse Ethereum networks seamlessly.
Rafique said, “We envision X Layer and other Layer 2 chains as the highway infrastructure of the Web3 world, with dApps as the marketplaces and self-hosted wallets as the vehicles that take you there.”
Since its beta launch in 2023, X Layer has attracted over 50 DApps, including big names like Curve and QuickSwap, offering diverse functionalities. OKX users can now enjoy enhanced asset transfers, crypto transactions, and access to various DApps via X Layer, powered by OKB tokens.
The partnership with Polygon CDK strengthens X Layer’s liquidity sharing, potentially integrating millions of OKX users into the broader blockchain ecosystem. This move aligns with predictions that layer-2 networks could reach a trillion-dollar market by 2030, a testament to their role in Ethereum’s scalability and usability.
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