OKX Unveils X Layer, a Revolutionary ZK L2 Network for Web3 Connectivity

OKX has launched the mainnet of X Layer, a ZK layer 2 network, to provide EVM compatibility, high performance, and enhanced security for on-chain applications. Utilizing ZK proofs, X Layer aims to reduce costs, increase speed, and foster scalability for millions of users. The network supports popular wallets like MetaMask and OKX Wallet, and its native token, OKB, will be used for transaction fees.

OKX Unleashes X Layer: A Groundbreaking ZK L2 Network Supercharges Web3 Connectivity

January 26, 2023 - OKX, the world-renowned cryptocurrency exchange, has unveiled the eagerly anticipated mainnet launch of X Layer (formerly X1). This cutting-edge ZK layer 2 (L2) network, meticulously crafted using Polygon's CDK (Chain Development Kit), is poised to revolutionize the Web3 landscape with its unparalleled EVM compatibility, blistering performance, and unwavering security, all at exceptionally low transaction fees.

Empowering Developers and Enhancing User Experience

X Layer stands as a testament to OKX's unwavering commitment to driving Web3 innovation. Its sophisticated architecture seamlessly integrates with the Ethereum ecosystem, empowering developers to build and deploy dApps that tap into the vast liquidity and vibrant community of Ethereum. Simultaneously, end-users benefit from a vastly enhanced experience characterized by lightning-fast transaction processing and drastically reduced costs.

"X Layer is the brainchild of forward-thinking developers who are laying the groundwork for a future where millions of users engage with on-chain applications," enthuses Haider Rafique, Chief Marketing Officer at OKX. "We firmly believe that X Layer's boundless potential, coupled with our robust community and seamless connectivity with other Ethereum-based networks, will ignite the next wave of Web3 innovation."

ZK Technology: Unlocking Security and Scalability

At the core of X Layer's technological prowess lies its sophisticated utilization of ZK proofs. This advanced cryptographic technique enables transactions to be processed off-chain with unwavering security, drastically reducing congestion on the Ethereum network and unlocking unprecedented scalability. As a result, X Layer users can enjoy near-instant transaction finality without compromising the integrity of their assets.

AggLayer: Bridging the Liquidity Divide

X Layer's integration with AggLayer, a revolutionary cross-chain liquidity aggregator, further elevates its capabilities. AggLayer seamlessly interconnects multiple blockchains, paving the way for unified liquidity and enhanced user experiences across the fragmented Web3 landscape. This strategic alliance sets the stage for X Layer to become a central hub within a thriving and interconnected digital economy.

Explosive Growth and Ambitious Roadmap

Since its beta launch in November 2023, X Layer has experienced exponential growth, attracting over 200 Web3 dApps to its platform. Renowned projects such as The Graph, Curve, QuickSwap, LayerZero, Wormhole, and EigenLayer have recognized X Layer's unparalleled capabilities and have enthusiastically deployed their applications.

As X Layer transitions from testnet to mainnet, OKX is poised to onboard over 50 million users worldwide into the transformative world of Web3. Its vision is to establish X Layer as a central hub for a vibrant and interconnected digital economy, where liquidity flows seamlessly and transactions settle with near-instant finality.

Integration with OKX Ecosystem

X Layer's seamless integration with OKX Exchange and the OKX Web3 Wallet empowers users to effortlessly transfer assets between platforms. This synergy further enhances the user experience, enabling seamless interaction with dApps and unlocking the full potential of the X Layer ecosystem.

Driving L2 Competition and Fostering Innovation

OKX's launch of X Layer has ignited a spirited competition among major crypto exchanges to develop innovative L2 solutions. Last July, Coinbase unveiled Base, a L2 built on Optimism's OP Stack. Additionally, Kraken is reportedly developing its own L2 platform, underscoring the growing recognition of L2 technologies' transformative potential.

Conclusion

X Layer's mainnet launch marks a pivotal moment in the evolution of Web3. Its unwavering commitment to EVM compatibility, superior performance, robust security, and low fees empowers developers to create innovative dApps that cater to the needs of a rapidly expanding user base. As X Layer continues to grow and mature, it is poised to become the cornerstone of a thriving and interconnected Web3 ecosystem, unlocking unprecedented opportunities for growth, innovation, and user empowerment.