OKX officially launches its X Layer on the mainnet, which has the potential to bring its massive user base of 50 million onto the blockchain and improve trading efficiency while reducing costs through L2 solutions.
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Introduction of X Layer: A new topic for OKX
OKX’s rapid product launch
Transaction fees adopting OKB
Through its collaboration with Polygon and integration of AggLayer, OKX introduces X Layer, an Ethereum-based zero-knowledge L2 network that utilizes Polygon’s development components. This blockchain, previously tested under the codename “X1”, is now officially live. According to OKX’s COO Haider Rafique, “We see these L2s as the high-speed highways of the Web3 world,” emphasizing their role in promoting next-generation decentralized applications and wallets.
Since its testnet launch in November last year, X Layer has gained rapid popularity, with over 50 decentralized applications deployed within just one week. Prominent Web3 and DeFi platforms such as The Graph, Curve, LayerZero, QuickSwap, Galxe, and Timeswap have already started leveraging this new network. With support from over 170 decentralized applications, X Layer enables users to directly engage in various blockchain activities, such as token swaps and staking, through OKX, promising a rich environment for developers and users.
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Powering X Layer’s economic framework is OKX’s native token, OKB, which has recently grown by 8.18% and will serve as the payment asset for transaction fees.
Currently, OKX is the second-largest exchange after Binance, facilitating over $60 billion in trades this month.
X Layer utilizes Polygon’s CDK as the ZK Rollup solution, enhancing transaction throughput while maintaining Ethereum’s inherent security features. X Layer is compatible with Ethereum, allowing existing Ethereum applications to easily migrate to this new platform without extensive redevelopment.
In addition to the technological aspects, X Layer will also interconnect with other networks through Polygon’s blockchain aggregation layer, AggLayer.
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This integration will address the common issues of liquidity and user fragmentation between different chains, promoting a more unified and scalable blockchain ecosystem. Marc Boiron, the CEO of Polygon Labs, emphasizes the importance of this integration, stating, “The connection with AggLayer is an important next step towards a truly unified Web3 environment.”
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OKX L2 “X Layer” goes live, attracting potential 50 million users to join the blockchain application.
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