OKX officially launched the public mainnet of the Ethereum Layer2 “X Layer” based on ZK technology today (16).
Summary:
OKX launches X Layer public mainnet, bringing in 50 million users to the chain.
Background:
OKX President Hong: Responsible innovation leads the transparency of the blockchain industry.
This article is a sponsored post written and provided by OKX Ventures and does not reflect the views of Dynamic Zone.
OKX, a leading global virtual asset exchange and Web3 technology company, officially launched the X Layer public mainnet. X Layer is an Ethereum Layer-2 (L2) network based on zero-knowledge (ZK) technology, built using Polygon CDK, and achieves shared state and liquidity between multiple chains through AggLayer, combining innovation and security.
X Layer utilizes advanced technology to allow millions of users to interact with on-chain applications more affordably and efficiently. In addition to ensuring the security, scalability, and cost reduction of transactions through ZK technology, X Layer is also compatible with the Ethereum Virtual Machine (EVM), enabling seamless deployment of dApps built on Ethereum without extensive development work.
Haider Rafique, Chief Marketing Officer of OKX, stated:
Since the release of the X Layer testnet in November 2023, its adoption has grown rapidly, with over 50 Web3 dApps deployed on its testnet within a week of its launch. Many well-known applications such as The Graph, Curve, LayerZero, QuickSwap, Galxe, Timeswap, and others are also being deployed on X Layer.
Global users can now transfer, store, and withdraw virtual assets on OKX through the X Layer network, as well as access services from over 170 dApps, including exchange and staking through smart contracts. With the official launch of X Layer to the public, the number of dApps is expected to grow exponentially.
Currently, OKX is one of the largest virtual asset exchanges globally in terms of daily trading volume (including spot and derivative products), with over $22 billion in virtual assets hosted on the platform. At the same time, OKX Wallet is one of the most advanced gateways to the Web3 world, supporting over 90 public chains and providing a powerful DEX and NFT marketplace aggregator.
With over 50 million users worldwide, OKX is a global hub for a diverse community and ensures that X Layer already has a large user base and sufficient liquidity upon its launch. OKB, the platform’s native token, will be used as the native token of the X Layer network for gas payments.
Polygon CDK is an advanced software development toolkit tailored for blockchain developers and based on ZK, which allows developers to easily build new L2s for Ethereum. X Layer is also driven by this innovative toolkit. OKX developers will also contribute to Polygon CDK to ensure continuous innovation and improvement of X Layer’s core technology stack. Additionally, X Layer will be interconnected with other chains driven by AggLayer, enhancing the community scale and liquidity of X Layer.
Marc Boiron, CEO of Polygon, said:
About OKX:
OKX is a leading technology company aimed at building the future of Web3. OKX has developed virtual asset applications that combine speed and reliability, winning the favor of over 50 million global investors and professional traders.
OKX’s industry-leading self-custody solutions include OKX Web3 Wallet service, which allows users to have custody over their own virtual assets while exploring DEX, NFT markets, GameFi, and thousands of dApps.
OKX collaborates closely with world-class brands and athletes, including English Premier League champions Manchester City Football Club, McLaren F1 Team, Tribeca Festival, golfer Ian Poulter, and Olympic snowboarder Scotty James.
OKX is committed to transparency and security, and releases its Reserve Proof reports monthly.
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