OKX Launches X Layer Public Mainnet to Bring its 50M Users On-Chain

• Dozens of top-tier Web3 and DeFi apps, including The Graph, Curve, LayerZero, QuickSwap, Galxe, Timeswap and many more are already leveraging OKX's innovative L2 network.

SINGAPORE, April 16, 2024 /PRNewswire/ -- OKX, a leading crypto exchange and Web3 technology company, today launched the public mainnet of X Layer, its innovative and secure Ethereum-based Zero Knowledge (ZK) Layer-2 (L2) network built with the Polygon CDK to enable shared state and liquidity across multiple chains via the AggLayer.

X Layer uses advanced technology to make it cheaper and faster for millions of users to interact with on-chain applications. The network utilizes ZK proofs, making transactions secure and scalable while also reducing costs. It is also EVM-compatible, meaning Ethereum-based decentralized apps (dApps) can be seamlessly deployed on it without much development effort.

OKX Chief Marketing Officer Haider Rafique said: "X Layer is for visionary builders who are creating applications to help bring millions of people on-chain. We envision X Layer and other Layer-2 chains as the highway infrastructure of the Web3 world, with dApps as the marketplaces and self-hosted wallets as the vehicles that take you there. In pursuit of this vision, we are building an ecosystem that is as seamless and interoperable as possible. We think X Layer has limitless potential thanks to our strong community and its connectivity with other Ethereum-based networks."

X Layer has experienced rapid growth in adoption since its mainnet beta unveiling in November 2023, with over 50 Web3 dApps deploying on it within a week of its testnet launch. Many other prominent applications are also in the process of being deployed on X Layer, including The Graph, Curve, LayerZero, QuickSwap, Galxe, Timeswap and others. Users around the world can now leverage the X Layer network to transfer assets, deposit and withdraw crypto on OKX and access over 170 dApps offering the ability to swap, stake and interact with smart contracts. The number of dApps is slated to increase exponentially with the official opening of X Layer to the general public.