OKX, one of the largest crypto exchanges and Web3 ecosystem, has opened public access to the main network of the X Layer blockchain. The X Layer architecture makes the process of interacting with intranet applications cheaper and faster for millions of users.
X Layer is an Ethereum—based second-tier network developed using the Polygon Chain Development Kit (CDK) to combine liquidity between multiple blockchains through the AggLayer platform. The network is based on zero-knowledge proof technology, which reduces costs, as well as increases the security and scalability of transactions.
X Layer is EVM-compatible, which allows you to quickly deploy decentralized applications (DApp) on the basis of Ethereum and create new second-level blockchains.
"X Layer is suitable for developers who create cutting-edge applications to attract millions of users. We present X Layer and other second—tier networks as the infrastructure of the Web3 world, where decentralized applications are marketplaces and wallets are the transport that will help you get there. To achieve this goal, we strive to create a flawless ecosystem with maximum compatibility," said Haider Rafik, Marketing Director at OKX. "We believe that X Layer has limitless potential due to its connection with other Ethereum—based networks and our powerful community."
The beta version of X Layer was rolled out in November 2023. Within a week after the launch of the test network, more than 50 decentralized Web3 applications were launched on it. More than 170 dApps are also available on the platform for sharing, staking and interacting with smart contracts. Polygon supports an extensive set of protocols that simplify access to major scaling solutions, including ZK rollups, sidechains, application-specific networks, and data availability protocols. The largest Web3 projects are based on Polygon: Aave, Uniswap and OpenSea.
After the launch of the main network, users around the world can use X Layer to transfer, replenish and withdraw cryptocurrencies to OKX. OKB, the OKX platform token, will be used to pay gas fees on the X Layer.
In the future, other Polygon CDK-based blockchains are planned to be connected to the X Layer via AggLayer. Connecting to AggLayer enables the pooling of liquidity between X Layer and other networks, thereby increasing the size of the X Layer community and simplifying access to liquidity.
Earlier this month, OKX reported a significant increase in the user base in the Russian market.