OKX unveils ZK layer 2 community X Layer on public mainnet

OKX at this time introduced the mainnet launch of X Layer (previously referred to as X1), a ZK layer 2 (L2) community following its testnet launch within the fourth quarter of final yr. Developed utilizing the Polygon CDK, X Layer is designed to ship 100% EVM compatibility, superior efficiency and powerful safety at a low price.

Howdy makers, builders, founders 👩‍💻👨‍💻

🚨 We open X Layer Mainnet to the general public 🚨

With +200 dApps growth, X Layer is now accessible to everybody, not simply builders.

Expertise the ability and safety of our zkEVM L2 community firsthand.

Begin constructing:… pic.twitter.com/K59dg0sJrG

— X Layer (@XLayerOfficial) April 16, 2024

The community at present helps 4 common crypto wallets, together with OKX Pockets, MetaMask, Particle Community and imToken. Notably, OKX’s native token, OKB, will likely be used to pay transaction charges on the community, OKX mentioned in its press launch.

X Layer’s superior know-how additionally goals to cut back prices and improve pace for thousands and thousands of customers interacting with on-chain purposes, leveraging ZK proofs to enhance transaction safety and scalability.

“X Layer is for visionary builders who… are creating purposes to assist thousands and thousands of individuals be part of the chain,” mentioned Haider Rafique, Chief Advertising Officer of OKX. “We imagine X Layer has limitless potential due to our sturdy group and its connectivity to different Ethereum-based networks.”

OKX claims that X Layer will connect with Polygon’s intensive ecosystem via AggLayer, an answer that goals to attach blockchains to enhance total liquidity.

Polygon CEO Marc Boiron famous the significance of X Layer and the function of AggLayer. He mentioned:

“X Layer is a monumental subsequent step within the trade’s ambition to construct a really unified Web3. The connection of the X Layer to the AggLayer solves the fragmentation of liquidity and customers throughout chains on the AggLayer, to allow them to all develop collectively.”

X Layer has seen explosive development since its beta launch in November 2023. Greater than 200 web3 dApps, together with common names like The Graph, Curve, QuickSwap, LayerZero, Wormhole, and EigenLayer (DA), have been deployed on the platform because it went stay go from the testnet.

Because it transitions from testnet to mainnet launch, OKX’s X Layer is anticipated to offer greater than 50 million customers worldwide entry to web3. It’s poised to grow to be a central hub for a vibrant and interconnected digital economic system, with the promise of uniform liquidity and near-instant finality of transactions.

X Layer integrates with OKX Alternate and the OKX Web3 Pockets, permitting customers to seamlessly bridge belongings between platforms.

Now that the general public mainnet is stay, OKX could be very targeted on onboarding builders and customers. The aim is to unlock the total potential of L2 and ZK applied sciences by fostering a vibrant ecosystem of revolutionary dApps, empowering creators and delivering a lightning-fast, cost-effective on-chain expertise.

With X Layer, OKX has fueled L2 competitors amongst main crypto exchanges. Final July, Coinbase launched Base, an L2 constructed on Optimism’s OP Stack. Moreover, Kraken is reportedly constructing its personal L2.