OKX Launches X Layer: Polygon-Powered Layer 2 Network Goes Live

OKX launches X Layer, a Polygon-powered Layer-2 decision that gives seamless integration with its alternate and Web3 pockets to drive adoption and innovation in decentralized functions.

Seamless Integration To Bridge Belongings

Essential crypto alternate OKX has formally launched most of the people mainnet of its Layer-2 decision, X Layer. Together with the OKX Alternate (CEX), the X Layer may be built-in with the OKX Web3 Pockets. This integration will allow clients to seamlessly bridge property from the two platforms to the X Layer and larger than 200 decentralized functions. 

Primarily based on Polygon Labs CEO Mark Boiron, 

“OKX’s 50 million clients now have a easy path to onboarding to X Layer and all the other chains linked to the AggLayer.”

Empowering Developer Neighborhood

The knowledge was launched via a public assertion from OKX Chief Promoting and advertising and marketing Officer Haider Rafique, printed on the company website. Primarily based on the announcement, the X Layer has been developed to verify various protocols can function collectively, thus enhancing the blockchain’s scalability. 

This facilitation helps on-chain builders assemble their very personal chains, as a result of it lets them implement zero-knowledge know-how using the customizable toolkit known as the Chain Enchancment Bundle (CDK). 

Totally different important crypto exchanges, like Coinbase and Kraken have moreover been pursuing their very personal layer-2 networks. Coinbase has already launched its Base blockchain in August 2023, constructed on Optimism’s OP Stack. 

Progress Since Testnet

The enterprise has been seeing nice success from its testnet half, all through which over 200 dApps and lots of of builders flocked to its offering of a less expensive and faster group to entry on-chain apps involving DeFi, infrastructure, bridges, progress devices, wallets, NFTs, gaming, and SocialFi.

Among the many many notable dApps onboarded on X Layer are well-liked DeFi platforms like Curve, Renzo, and QuickSwap, along with infrastructure functions similar to LayerZero, Wormhole, and EigenLayer.

Rafique writes,

“X LAYER combines the OKX picture of X – for openness and interoperability – with the phrase LAYER, which represents a number of varieties of protocols that work collectively to reinforce the scalability of a blockchain group. X LAYER is constructed to be versatile, not limiting innovation to a single use case. We envision onchain builders using X LAYER and its infrastructure to create new “Layers” for a large number of use situations.”

Take care of Development and Client Adoption

The company’s announcement revealed that its foremost focus now may very well be to attract a wide selection of builders and clients to the platform.  

Amongst its long-term targets, the OKX workers has devoted to rising user-friendly dApps by enhancing interoperability, empowering builders and creators by way of an advanced tech stack and full help, and finally, enhancing the on-chain experience by enhancing transaction throughput and interaction design.  

Disclaimer: This textual content is provided for informational capabilities solely. It’s not provided or meant to be used as approved, tax, funding, financial, or completely different suggestion. 

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