OKX launches X Layer public mainnet, bringing 50 million users on-chain
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OKX launches X Layer public mainnet, bringing 50 million users on-chain
X Layer aims to leverage advanced technology to enable millions of users to interact with on-chain applications more affordably and quickly.
Navigating Web3 tides with focused insightsOn April 16, OKX, a leading global cryptocurrency exchange and Web3 technology company, officially launched the X Layer public mainnet. X Layer is an Ethereum Layer 2 network built on ZK technology using Polygon CDK, and connected via AggLayer to enable shared state and liquidity across multiple chains, combining innovation with security.
X Layer aims to leverage advanced technology to enable millions of users to interact with on-chain applications more affordably and quickly. In addition to leveraging ZK technology to ensure secure, scalable, and lower-cost transactions, X Layer is compatible with the Ethereum Virtual Machine (EVM), allowing Ethereum-based dApps to be seamlessly deployed with minimal development effort.
Haider Rafique, Chief Marketing Officer at OKX, said: "X Layer is designed for visionary developers building applications to bring hundreds of millions onto the blockchain. We can think of X Layer and other Layer 2 chains as the highway infrastructure of the Web3 world, dApps as markets, and self-custody wallets as vehicles bringing users there. To realize this vision, we are building an ecosystem that is as seamless and interoperable as possible. With our strong community and connections to other Ethereum-based networks, X Layer has unlimited potential."
Adoption of X Layer has grown rapidly since the launch of its testnet in November 2023. Within one week of its testnet release, over 50 Web3 dApps had already deployed on it, including well-known projects such as The Graph, Curve, LayerZero, QuickSwap, Galxe, and Timeswap—all actively deploying on X Layer. Users worldwide can now transfer assets through the X Layer network, store and withdraw crypto assets via OKX, and access over 170 dApps to swap, stake, and perform other smart contract interactions. With X Layer now officially open to the public, the number of dApps is expected to grow exponentially.
Today, OKX is one of the largest cryptocurrency exchanges globally by daily trading volume (including spot and derivatives), hosting over $22 billion in crypto assets on its platform. Meanwhile, OKX Wallet is one of the most advanced gateways into the Web3 world, supporting over 90 public blockchains and offering powerful DEX and NFT marketplace aggregators. With over 50 million users globally, OKX is becoming a global hub for a diverse community, ensuring X Layer launches with a substantial user base and ample liquidity. OKX’s native token, OKB, will serve as the native gas token on the X Layer network.
Powered by Polygon CDK, X Layer leverages a cutting-edge, ZK-based software development kit tailored for blockchain developers, enabling them to easily build new L2s for Ethereum. Technically, OKX developers will also contribute to Polygon CDK, helping drive continuous innovation and improvement in X Layer's core technology stack. Furthermore, X Layer will connect via AggLayer to other chains powered by Polygon CDK, enabling seamless liquidity transitions and enhancing both the community size and liquidity of X Layer.
Marc Boiron, CEO of Polygon, said: "X Layer represents a landmark next step toward building a truly unified Web3 industry. The connection between X Layer and AggLayer solves the problem of fragmented liquidity across chains on AggLayer, enabling shared growth. Over 50 million OKX users can now easily access X Layer and other chains connected through AggLayer. The impressive lineup of developers building on X Layer demonstrates the network’s potential, and we look forward to continuing our collaboration with OKX to achieve our shared industry goals."
About OKX
OKX is a global cryptocurrency exchange and innovative Web3 technology company trusted by over 50 million users worldwide, known for delivering the fastest and most reliable crypto trading app. As the principal partner of Premier League champions Manchester City F.C., McLaren F1 Team, Olympic snowboarder Scotty James, and F1 driver Daniel Ricciardo, OKX aims to enhance fan experiences through innovative engagement. Additionally, OKX is a top-tier partner of the Tribeca Festival, dedicated to bringing more creators into the Web3 space. OKX Wallet provides users exploring GameFi, DeFi, NFTs, and the metaverse with cutting-edge products. Committed to transparency and security, OKX publishes monthly proof-of-reserves reports. For more information about OKX, download the app or visit: okx.com
About Polygon Labs
Polygon Labs develops Ethereum scaling solutions for the Polygon protocol and collaborates with ecosystem developers to deliver scalable, affordable, secure, and sustainable blockchain infrastructure for Web3. Initially creating a growing suite of protocols—including Layer 2s (ZK rollups), sidechains, app-specific chains, and data availability solutions—Polygon Labs enables developers to easily access major scaling solutions. Since inception, these scaling solutions have seen widespread adoption, powering tens of thousands of dApps, supporting over 400 million unique addresses, creating 2 million smart contracts, and processing 3.5 billion transactions. The Polygon network has become home to some of the largest Web3 projects such as Aave, Uniswap, and OpenSea, as well as renowned enterprises including Adidas, Stripe, and Adobe. Polygon Labs is carbon neutral and aims to lead Web3 toward being carbon negative.
If you're an Ethereum developer, you're already a Polygon developer! Start building your dApp on Polygon’s fast and secure transaction network here.
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This content is for educational and informational purposes only and does not constitute and should not be construed as (i) investment advice or a recommendation to invest; (ii) an offer or solicitation to buy, sell, or hold digital assets (including NFTs or other assets); or (iii) financial, accounting, legal, or tax advice.
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