OKX Launches Public Mainnet Rollout of “X Layer” for Ethereum Ecosystem Integration

Crypto exchange OKX has made a significant move in the blockchain space with the launch of its layer 2 solution, “X Layer.” This new development allows the exchange’s 50 million users to withdraw tokens from the platform and transact on onchain applications built on the layer 2 scaling solution.

X Layer, built with the Polygon Chain Development Kit (CDK), leverages zero-knowledge proofs to enhance privacy and scalability for users. This technology enables developers to create blockchains that are seamlessly integrated with the Ethereum ecosystem, providing a more efficient and secure way to interact with decentralized applications (DAPPs).

The launch of X Layer comes at a time when OKX has seen a surge in trading volume, surpassing $5.2 billion in 24 hours and solidifying its position as the third-largest exchange after Binance and Bybit. The platform’s native token, OKB, has also experienced a 14% increase in value, reaching $59.15.

With the introduction of X Layer, OKX joins the ranks of other major exchanges like Bybit and Coinbase, who have also launched their own layer 2 solutions to onboard more users onto the blockchain. Polygon’s CEO, Marc Boiron, believes that this trend will continue as more exchanges adopt the Polygon CDK to build out their layer 2 networks.

By connecting X Layer to Polygon’s AggLayer protocol, OKX aims to address the fragmentation of liquidity and users across different chains, providing a seamless experience for its users to access various blockchain networks. This move not only enhances the user experience but also opens up new opportunities for growth and innovation in the blockchain space.