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Home»TRADING NEWS»OKX is launching a public mainnet for the ZK-based L2 network “X Layer”.
TRADING NEWS

OKX is launching a public mainnet for the ZK-based L2 network “X Layer”.

By Crypto FlexsApril 17, 20242 Mins Read
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OKX is launching a public mainnet for the ZK-based L2 network “X Layer”.
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  • The X layer is a zero-knowledge (ZK), EVM-compatible layer 2 network.
  • Powered by Polygon CDK, L2 is live and integrated with over 200 dApps across DeFi, wallets, NFTs, and gaming.

OKX, one of the world’s largest cryptocurrency exchanges, has launched the public mainnet of its EVM-compatible layer 2 network “X Layer”.

Haider Rafique, OKX’s chief marketing officer, announced the launch in a blog post on Tuesday.

According to OKX officials, CDK (Polygon Chain Development Kit)-based L2 is integrated with more than 200 decentralized applications (dApps) mounted during the X Layer testnet.

The X layer integrates over 200 dApps.

X Layer is also integrated with the OKX exchange’s CEX platform and OKX Web3 Wallet.

X Layer, an EVM-compatible network, allows users to leverage dApps on Ethereum as well as connect assets from OKX CEX and Web3 Wallet.

“Our goal is to make it cheaper and faster for millions of people to enter and exit on-chain applications through an EVM-compatible L2 network based on zero-knowledge proofs (ZK).“, Rafique noted in a blog post published on April 16.

Applications currently available with the mainnet launch include 40 DeFi projects, 20 infrastructure, 12 bridges, and 16 wallets. There are also 10 NFTs and games, 10 SocialFi applications, and numerous development tool dApps.

Popular DeFi dApps on X Layer include Chainlink, Curve, Renzo, and QuickSwap, while Infra applications include LayerZero, Wormhole, and EigenLayer (DA).

The X layer aims to promote and accelerate the adoption of the Web3 economy, Rafique said.

OKB, the native OKX token, serves as the native asset of the X-layer network. Users utilize tokens as transaction fees on the network.


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