Unlocking the Potential of Web3
OKX, a prominent crypto exchange and Web3 technology company, has unveiled the public mainnet of X Layer, a cutting-edge Ethereum-based Zero Knowledge (ZK) Layer-2 (L2) network. This innovative platform, built with the Polygon CDK, aims to facilitate shared state and liquidity across multiple chains via the AggLayer, making interactions with on-chain applications faster and more cost-effective.
The Technology Behind X Layer
X Layer harnesses advanced ZK proofs to ensure secure and scalable transactions while reducing costs. Being EVM-compatible, Ethereum-based decentralized apps (dApps) can seamlessly operate on X Layer, requiring minimal development effort.
Visionary Builders and Community Support
OKX’s Chief Marketing Officer, Haider Rafique, envisions X Layer as integral highway infrastructure for the Web3 world, with dApps acting as marketplaces and self-hosted wallets as vehicles. The platform boasts a strong community and connectivity with other Ethereum-based networks, fostering limitless potential.
Rapid Adoption and Expansion
Since its mainnet beta launch in November 2023, X Layer has witnessed rapid adoption, with over 50 Web3 dApps deploying within a week of its testnet launch. Notable applications like The Graph, Curve, LayerZero, QuickSwap, Galxe, and Timeswap are already leveraging X Layer’s capabilities.
OKX’s Global Presence
OKX, one of the largest crypto exchanges globally, with over 50 million users and custodied assets exceeding US$22 billion, provides a significant user base and liquidity for X Layer. OKX’s platform token, OKB, serves as X Layer’s native token for gas fees.
Technical Advancements and Collaboration
Powered by Polygon CDK, X Layer benefits from a ZK-based software toolkit tailored for blockchain developers. OKX developers actively contribute to Polygon CDK, ensuring continuous innovation and improvement of X Layer’s core technology stack. Moreover, X Layer connects with other chains via the AggLayer, enhancing community size and liquidity access.
Polygon’s Perspective
Marc Boiron, CEO of Polygon, views X Layer as a crucial step in building a unified Web3. The connection to AggLayer resolves liquidity fragmentation across chains, fostering growth and collaboration within the ecosystem.
About Polygon Labs
Polygon Labs develops Ethereum scaling solutions for Polygon protocols, aiming to provide scalable, affordable, secure, and sustainable blockchain infrastructure for Web3. With widespread adoption and a commitment to carbon neutrality, Polygon Labs plays a pivotal role in shaping the future of Web3.
Conclusion
OKX’s launch of X Layer marks a significant milestone in the evolution of Web3, offering scalability, security, and interoperability to millions of users worldwide. With a strong foundation and collaborative efforts, X Layer is poised to drive the next phase of blockchain innovation.
Website | Twitter | Developer Twitter | Telegram | LinkedIn | Reddit | Discord | Instagram | Facebook
