OKX has officially launched the X Layer public mainnet in partnership with Polygon. The network is designed to make Ethereum-based transactions faster and more cost-effective for OKX’s 50 million users. The Layer-2 (L2) network uses Zero Knowledge (ZK) for security and is built using the Polygon Chain Development Kit (CDK). The platform facilitates shared state and liquidity across various chains through the AggLayer. The ZK proofs employed ensure transactions are scalable while reducing costs, and its EVM compatibility allows for seamless deployment of Ethereum-based decentralized apps (dApps) with minimal development effort. X Layer is aimed at visionary builders creating applications to bring millions of people on-chain.
Since its beta unveiling in November 2023, X Layer has seen rapid adoption, with over 50 web3 dApps deploying on the platform within the first week of its testnet launch. Major applications such as The Graph, Curve, LayerZero, QuickSwap, Galxe, and Timeswap have been part of this initial deployment, enhancing the network’s utility and reach. Users globally can now utilize the X Layer network for asset transfers, crypto deposits and withdrawals via OKX, and access a suite of over 170 dApps for swapping, staking, and smart contract interactions. OKX Chief Marketing Officer Haider Rafique sees X Layer and other Layer-2 chains as the highway infrastructure of the Web3 world, with dApps serving as marketplaces and self-hosted wallets as the vehicles that take users there.
The X Layer network is open to the public, making it accessible to everyone, not just developers. With over 200 dApps building on the platform, users can experience the power and security of the zkEVM L2 network firsthand. The innovative developer community behind X Layer is driving the platform forward, with a focus on creating applications that will bring millions of people onto the blockchain. Polygon CEO Marc Boiron sees X Layer as a monumental next step in the industry’s ambition to build a truly unified Web3. The network’s connection to the AggLayer solves the fragmentation of liquidity and users across chains, allowing them to grow together.
The ZK proofs used by X Layer ensure that transactions are scalable and cost-effective, while its EVM compatibility allows for seamless deployment of Ethereum-based dApps. X Layer’s aim is to bring millions of people onto the blockchain through innovative applications developed by visionary builders. The rapid adoption of X Layer since its beta unveiling in November 2023 demonstrates the platform’s potential, with over 50 web3 dApps deploying within the first week of its testnet launch. The platform’s connection to the AggLayer helps solve the fragmentation of liquidity and users across chains, allowing for unified growth.
The X Layer network is open to the public, allowing users worldwide to access its benefits for asset transfers, crypto deposits and withdrawals via OKX, and over 170 dApps for swapping, staking, and smart contract interactions. The impressive roster of talented developers who have already started building on X Layer is a testament to the network’s potential, and collaborations with entities like Polygon are set to drive the industry forward. OKX Chief Marketing Officer Haider Rafique envisions X Layer and other Layer-2 chains as essential infrastructure for the Web3 world, with dApps and self-hosted wallets serving as the vehicles for users to access this new ecosystem. Overall, X Layer represents a significant step forward in the industry’s quest to create a more unified and scalable Web3 ecosystem.
