OKX's X Layer: Revolutionizing Web3 Infrastructure
OKX Unveils X Layer: Can It Compete with Leading Layer 2 Networks?
On April 16, 2024, crypto exchange OKX announced the mainnet launch of X Layer, a layer-2 solution powered by ZK technology. Integrated with the OKX Exchange and OKX Web3 Wallet, X Layer aims to enhance scalability and reduce transaction costs for users.
X Layer Features:
- Zero-knowledge (ZK) technology
- Integration with Polygon’s Chain Development Kit (CDK)
- Onboarding of over 200 decentralized applications during the testnet phase
Key Partnerships: X Layer includes collaborations with dApp giants like Curve, QuickSwap, and LayerZero, showcasing growing support and interest in the new network.
Market Positioning: Despite recent executive departures at OKX, the launch of X Layer introduces an innovative player in the Layer 2 network space, aiming to compete with established platforms like Coinbase's Base network.
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