OKX launches X Layer public mainnet, bringing 50 million users on-chain

On April 16, OKX, a global leading cryptocurrency exchange and Web3 technology company, officially launched the X Layer public mainnet. X Layer is an Ethereum Layer 2 network based on ZK technology, built using the Polygon CDK, and achieves shared state and liquidity across multiple chains through AggLayer, combining innovation and security.

X Layer aims to leverage advanced technology to enable millions of users to interact with on-chain applications more cheaply and quickly. In addition to ensuring security and scalability while reducing costs through ZK technology, X Layer is also compatible with the Ethereum Virtual Machine (EVM), allowing dApps built on Ethereum to be deployed seamlessly without extensive development work.

OKX Chief Marketing Officer Haider Rafique stated, "X Layer is aimed at visionary developers who are creating applications to help bring millions of people on-chain. We can envision X Layer and other second-layer chains as the infrastructure highways of the Web3 world, with dApps as the marketplace, and self-custody wallets as the vehicles that bring users there. To realize this vision, we are building an ecosystem that is as seamless and interoperable as possible. With our strong community and connections to other Ethereum-based networks, X Layer has limitless potential."

The adoption rate of X Layer has rapidly increased since the launch of its mainnet testnet in November 2023, with over 50 Web3 dApps deployed within a week of its testnet launch, including many well-known applications such as The Graph, Curve, LayerZero, QuickSwap, Galxe, and Timeswap also being deployed on X Layer. Global users can now transfer assets through the X Layer network, store and withdraw cryptocurrency on OKX, and access over 170 dApps for exchanges and staking through smart contracts, among other functionalities. With X Layer officially open to the public, the number of dApps is expected to grow exponentially.

Today, OKX is one of the largest cryptocurrency exchanges in the world by daily trading volume (including spot and derivatives), with over $22 billion in crypto assets hosted on the platform. Meanwhile, the OKX wallet is one of the most advanced gateways to the Web3 world, supporting over 90+ public chains and providing robust DEX and NFT marketplace aggregators. Currently, OKX has over 50 million users globally, becoming a global hub for a diverse community, ensuring that X Layer has a large potential user base and ample liquidity at launch. OKX's native token, OKB, will serve as the native token of the X Layer network and will be used to pay for Gas.

X Layer is powered by Polygon CDK, a cutting-edge software development kit based on ZK technology tailored for blockchain developers, enabling them to easily build new L2 solutions for Ethereum. On a technical level, OKX developers will also contribute to Polygon CDK, ensuring the core technology stack of X Layer continues to innovate and improve. Additionally, X Layer will connect with other chains powered by Polygon CDK through AggLayer, enabling seamless liquidity transitions and enhancing the community scale and liquidity of X Layer.

Polygon CEO Marc Boiron stated, "X Layer is a milestone step towards building a truly unified Web3 for the industry. The connection of X Layer with AggLayer addresses the fragmentation of liquidity for users across chains on AggLayer, enabling mutual growth. OKX's over 50 million users can now easily access X Layer and other chains connected to AggLayer. The impressive lineup of developers building on X Layer demonstrates the potential of the X Layer network, and we look forward to continuing our collaboration with OKX to achieve shared industry goals."

About OKX

OKX is a global cryptocurrency exchange and innovative Web3 technology company, trusted by over 50 million users worldwide, known for providing the fastest and most reliable cryptocurrency trading applications. As the chief partner of Premier League champions Manchester City F.C., McLaren F1 Team, Olympic snowboarder Scotty James, and F1 driver Daniel Ricciardo, OKX aims to enhance fan experiences through new interactive ways. Additionally, OKX is a top partner of the Tribeca Festival, committed to attracting more creators into the Web3 space. The OKX Wallet is designed to provide users exploring GameFi, DeFi, NFTs, and the metaverse with the latest products. OKX is dedicated to increasing transparency and security, regularly publishing reserve proof reports each month. For more information about OKX, please download the app or visit: okx.com

About Polygon Labs

Polygon Labs develops Ethereum scaling solutions for the Polygon protocol and collaborates with other ecosystem developers to provide scalable, affordable, secure, and sustainable blockchain infrastructure for Web3. Polygon Labs initially developed an expanding suite of protocols, including Layer 2s (ZK rollups), sidechains, application-specific chains, and data availability protocols, to facilitate easy access to major scaling solutions for developers.

Since its inception, these scaling solutions have been widely adopted, applied to tens of thousands of dApps, supporting over 400 million unique addresses, creating 2 million smart contracts, and processing 3.5 billion transactions. The Polygon network has now become the "home" for major Web3 projects such as Aave, Uniswap, and OpenSea, as well as well-known companies like Adidas, Stripe, and Adobe. Polygon Labs is carbon neutral, aiming to lead Web3 towards a negative carbon future.

If you are an Ethereum developer, then you are already a Polygon developer! Utilize Polygon's secure and fast transaction network to develop your dApp, start here ++here++++.

++Website++| ++Twitter++| ++Developer Twitter++| ++Telegram++| ++LinkedIn++| ++Reddit++| ++Discord++| ++Instagram++| ++Facebook++

This content is for educational and informational purposes only and does not constitute or should not be construed as (i) investment advice or recommendations; (ii) an offer or invitation to buy, sell, or hold digital assets (including NFTs or other assets); or (iii) financial, accounting, legal, or tax advice.