Ethereum-based OKX Layer 2 Now Launched Mainnet

Key Points:

• OKX launches X Layer, a layer-2 blockchain, for seamless DApp interaction.
• The OKX Layer 2 now integrates with Owlto Finance, enabling cross-chain transfers.
• Boasting over 200 dApps during the testnet, X Layer aims to streamline access using ZK technology.

OKX, the fourth-largest cryptocurrency exchange, has announced the launch of its new layer-2 blockchain, X Layer, on its public mainnet.

OKX Layer 2 Is A New Era for Decentralized Applications

This move follows a trend among major crypto companies establishing their distributed networks. X Layer, an Ethereum-based zero-knowledge Layer 2 network, utilizes the Polygon Chain Development Kit.

Integrated with the OKX exchange and OKX Web3 Wallet, X Layer enables users to bridge assets seamlessly from these platforms to interact with decentralized applications (dApps) on the network. Symbolizing openness and interoperability, the OKX Layer 2 aims to enhance blockchain scalability by allowing different protocols to collaborate. Its versatility fosters innovation across various use cases.

In a significant development, Owlto Finance, a cross-chain interoperability protocol, has integrated with X Layer, facilitating cross-chain transfers of ETH, USDT, and USDC into the network.

X Layer: The Pioneering Zero-Knowledge Proof Technology

Previously known as “X1,” the OKX Layer 2 debuted on testnet in November, attracting over 50 dApps within a week. The OKX native token OKB will serve as the network’s native asset for transaction fees.

With over 200 dApps onboarded during the testnet phase, including DeFi, infrastructure, bridge, and gaming applications, X Layer aims to streamline access to on-chain applications using Zero-Knowledge Proof (ZK) powered, EVM-compatible L2 network.

Popular dApps such as Curve, Renzo, and QuickSwap have already begun building on X Layer, indicating growing interest in the platform. The focus now shifts to attracting more developers and users to enhance the network’s efficiency and drive further innovations in L2 and ZK technologies.