The stunning company OKX, well-known for Web3 technology and cryptocurrency trading, just made the public X-layer version available. ZK Rollups, which operate on Ethereum’s Zero Knowledge (ZK) Layer-2 (L2) system and aim to enable cooperative resource sharing and trading in different blockchains using the AggLayer feature, are used to fully expand the network. The Polygon CDK, an innovative technology that will revolutionize the way people view decentralized technologies, was used to construct this platform.
By developing quick and affordable tools that enable millions of people to interact with on-chain apps, X Layer hopes to revolutionize the blockchain space. ZK proofs were used in its design to increase transaction security and scalability while significantly lowering operating expenses.
According to Haider Rafique, the CMO of OKX, creative designers should seek out X Layer since it will help attract millions of newcomers to the blockchain industry. According to him, a crucial component of the Web3 ecosystem that enables an ideal and interoperable network is the X Layer and other L2 chains.
X Layer has amassed a sizable user base since its November 2023 beta debut, and more than 50 Web3 dApps have been swiftly implemented on the testnet. With initiatives like The Graph, Curve, and QuickSwap, to name a few, this network is still growing in popularity. With the public debut, more users worldwide may now engage with over 170 dApps and take use of features like asset transfers, smart contract engagement, and the OKX cryptocurrency transaction.
OKX is among the biggest cryptocurrency exchanges globally in terms of daily trading volume, overseeing assets valued at over US$22 billion. Notably, the OKX Wallet has been acknowledged for its extensive interoperability with over 90 blockchains and serves as an entry point into the Web3 realm by incorporating the most widely used DEX and NFT marketplaces.
With more than 50 million users worldwide, X Layer gains access to a sizable audience right away at launch and provides liquidity for the company from the start.
The OKX platform token, OKB, will function as a gas fee on Layer X. This will pave the way for OKB to be fully integrated into the OKX ecosystem.
With the support of Polygon’s most recent CDK, X Layer can close the knowledge gap between Ethereum development and L2 chains by offering a sophisticated toolkit that enables programmers to maximize resource usage and push the boundaries of blockchain innovation. The OKX developers are constantly refining the X Layer platform and making a major contribution to Polygon CDK’s enhancement.
In a recent conversation, Polygon CEO Mark Boiron stressed the importance of X Layer in making sure we achieve our objective of bringing the Web3 ecosystem together.
The interconnection between the X Layer and AggLayer is another important factor that primarily addresses the issue of divided liquidity and users across various blockchain network locations. By doing this, we can raise everyone involved in this subject generally.
With the introduction of X Layer, programmers, traders, and cryptocurrency investors now have a convenient platform to access all the opportunities a developing decentralized technology ecosystem has to offer, signaling the start of a new era in blockchain business.
