OKX, a virtual asset exchange and Web3 technology company, announced today (16th) the official launch of the X Layer public mainnet.
According to the introduction, X Layer is an Ethereum Layer2 (L2) network based on zero-knowledge (ZK) technology, built with 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 transaction security, scalability, and cost reduction through ZK technology, X Layer is also compatible with the Ethereum Virtual Machine (EVM), enabling seamless deployment of dApps built on Ethereum without significant development work.
Haider Rafique, Chief Marketing Officer of OKX, stated:
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Since the release of the X Layer testnet in November 2023, its adoption has rapidly grown. Within one week of its release, over 50 Web3 dApps have been deployed on its testnet. Many well-known applications such as The Graph, Curve, LayerZero, QuickSwap, Galxe, and Timeswap 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 public launch of X Layer, the number of dApps is expected to grow exponentially.
Currently, OKX is one of the largest virtual asset exchanges in the world in terms of daily trading volume (including spot and derivative products), with over $22 billion in virtual assets under its custody. At the same time, OKX Wallet is one of the most advanced gateways into the Web3 world, supporting over 90 public chains and providing a powerful DEX and NFT marketplace aggregator. OKX currently has over 50 million users globally, serving as a global hub for a diverse community, ensuring X Layer has a large potential user base and sufficient liquidity. OKB, the platform token of OKX, will be used as the native token of the X Layer network for gas payment.
Polygon CDK is a top-notch 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 powered 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. In addition, X Layer will connect with other chains driven by Polygon CDK through AggLayer, achieving seamless liquidity transition and enhancing the community scale and liquidity of X Layer.
Marc Boiron, CEO of Polygon, stated, “X Layer is a significant step towards building a truly unified Web3 for the industry.”
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Tags:
AggLayer
dapps
Layer2
OKX
Polygon CDK
X Layer
ZK
mainnet
Ethereum
