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OKX Launches X Layer, a New Ethereum-Based Layer 2 Network

The crypto exchange aims to integrate 50 million users into its scalable blockchain, enhancing transaction speeds and reducing costs.

Overview

  • OKX's X Layer, built with Polygon's CDK, enters public mainnet, targeting 50 million users.
  • The Layer 2 network will facilitate lower transaction fees and higher throughput, competing with Coinbase's Base.
  • X Layer supports over 170 decentralized applications with plans for rapid expansion.
  • Polygon's AggLayer connects X Layer to other networks, aiming to unify liquidity and user experience.
  • OKX leverages zero-knowledge proofs for enhanced security and interoperability within its blockchain ecosystem.