OKX Introduces ‘X-Layer’: A New Ethereum Layer-2 Solution for Enhanced Performance
OKX, a prominent crypto exchange, has officially launched the public mainnet of its new Ethereum (ETH) layer-2 (L2) network, known as “X Layer.”
During its testnet phase, X Layer attracted over 200 decentralized apps (DApps), including approximately 40 DeFi projects, 12 infrastructure projects, and various other categories such as growth tools, bridges, wallets, SocialFi platforms, and NFT/gaming-focused projects. Notable DeFi platforms like Curve (CRV), Renzo, and QuickSwap DEX have already joined the X Layer ecosystem. Haider Rafique, OKX’s Chief Marketing Officer, highlights the network’s focus on onboarding developers and users efficiently, aiming to enhance accessibility and speed through Zero-Knowledge Proof (ZK) technology and EVM compatibility. Rafique emphasizes X Layer’s goal of reducing transaction fees and increasing transaction throughput by optimizing batching and approvals.
With a vision to accelerate global Web3 adoption and empower millions, OKX invites users to join them in realizing the potential of X Layer. Currently ranked as the third-largest crypto exchange by trading volume, OKX continues to innovate in the crypto space from its Seychelles headquarters.
Clever Robot News Desk 18th April 2024
