OKX Launches Layer-2 Blockchain X Layer on Public Mainnet: A Game-Changer for Crypto Exchange Industry

Crypto exchange OKX has made a significant move in the blockchain space with the official launch of its Layer-2 blockchain, X Layer, on the public mainnet. This development comes as part of a broader trend among major crypto exchanges to develop their own layer-2 networks, with Coinbase and Kraken also exploring similar initiatives.

X Layer, previously known as X1, is built using Polygon’s Chain Development Kit (CDK) and incorporates zero-knowledge technology to enable developers to create customized chains. The platform aims to improve the scalability of blockchain networks by utilizing different types of protocols that work together.

According to a press release by OKX, the exchange’s developers will actively contribute to the CDK codebase, and X Layer will integrate with Polygon’s ecosystem through the AggLayer solution. This will allow for the consolidation of liquidity across multiple chains developed with Polygon’s technology.

With over 170 decentralized applications (dapps) already supported on X Layer, the platform is positioning itself as a foundational infrastructure for the web3 ecosystem. The launch of X Layer also coincides with OKX’s focus on compliance activities in the United States, as regulators have emphasized the need for regulatory clarity in the crypto space.

Overall, the introduction of X Layer marks a significant step forward for OKX and the broader blockchain industry, as exchanges continue to innovate and develop their own layer-2 solutions to enhance scalability and interoperability in the decentralized finance space.